I know, there are plenty of red flags there, but I do believe it is worth the risk when I consider how happy it makes my wife, how life-changing it will be for the family, how minor the financial impact will be on me, and how it gives me the opportunity to practice the steps of real estate investing with forgiving tenants.Finally, I am going to attempt to self manage as nothing comes close to cash-flowing if you include PM costs.

It’s been a practical way to give my content the initial push it needed.

Understand the basics of private lendingResearch real estate marketsDetermine your investment strategy and criteria for loans, including:- Amounts- Interest rates- Repayment termsCreate legal documents with a lawyerNetwork with real estate professionalsPerform due diligence on potential borrowers and their projectsBegin with smaller loans to gain experienceMonitor your investments closelyConsider joining a private lending group for additional resourcesStay informed about real estate trends, lending practices, and legal regulations

So many private practices can benefit from depreciation losses offsetting their active income.

And in the modern era, real estate and stocks returned practically the same amount (within 1%).

This is an extremely unusual practice, never seen this in 15 years of my investing career.

If they are billed separately, the charges may fall into Fair Debt Collection Practices Act laws.

Next step will be to start analyzing deals for practice and asking others for feedback on my analysis.

I prefer AZ myself personally (lived in Prescott 4 years and Tucson for one and loved both places), but for many people NYC can’t be beat especially if they’re trying to make a name for themselves in careers in finance, art, theatre, music etc. it’s practically a requirement to live there for certain careers.  

What limits home-buying beyond inventory, rates, and prices are the lending practices now.