Since competition is high and inventory is low on Long Island, I recommend BP members try to go direct to seller which is an active form of building an off-market deal list. 

My main objective is to grow my business and really build out my network with professionals on this platform! 

Conducting inspections and due diligence on the condition of a property to derive realistic estimates for repairs is still the key.

I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

The boom in building was mostly for the larger cabins because of the crazy rents they were getting during covid (even a little before covid actually). 

Renting out one side can help offset your mortgage, which is a huge advantage while you're building financial stability.

I’m excited to be here and connect with like-minded investors who are passionate about building wealth through real estate.

I’m Tieirra , a passionate real estate investor focused on fixing and flipping homes to unlock their full potential and building long-term wealth through buy-and-hold rental properties.

Sometimes it makes sense to sell if the numbers don't make sense to keep it, there is better use of the equity, etc.Alternatively, could you do the cash out refi and build an ADU?

I plan to make 6 affordable residential units and 1 commercial unit in the existing building.