Commercial real estate is more likely to break and other changes with the new administration are likely to break things in ways that cannot be anticipated.

I'm a real estate investor in other parts of the country but not NY due to the extremely high buy in price.

I've been a licensed agent here in Maine at the Augusta-based Pouliot Real Estate for the last 2 years, but began my real estate career in Savannah, Georgia (my GA license is currently inactive).

Unless you have a Roth SDIRA, there are significant downsides to investing in real estate with an IRA.  

page=1&utm_source=Iterable&utm_medium=email&utm_campaign=Transactional:%20topic_notification&utm_content=Transactional#p5535505https://www.biggerpockets.com/users/ZacharyCole/referencesHere are my interviews on the BP podcast:Podcast Episode #847 https://www.biggerpockets.com/blog/real-estate-847Podcast Episode #994 https://www.biggerpockets.com/blog/real-estate-994Podcast Episode #626 https://www.biggerpockets.com/blog/real-estate-626I'll be happy to answer any additional questions you have so reach out at any point in time.

@Tom Wong & @Kevin Ing - my real estate partner is in and from Hawaii. 

No one accountant is an expert in all areas in the tax code, so best to figure out what you want first in the world of real estate and then dive deeper there. 

My advice would be is to talk to multiple investors who have real world, actual success-based experience in flipping over a sustained period.

Just decided to get back into retail real estate too so, back helping fellow investors and Home Owners acquire property along with my own projects this should be fun lol.

Quote from @Lilia Matlov: A lesson I learned later is that real estate is not just about numbers, which is contrary to the thinking of most investors.