Actual experience I'll listen to.

I would love to hear from others doing flix and flip in NYC on their experience on doing this business.

I have some experience in commercial and industrial real estate.

Our experience is that IF the flooring is continuous AND it has been discontinued then they pay for the entire flooring throughout the house.

So far, it’s going really well, and I’m glad we made the shift.For me, the decision wasn’t about issues with self-managing but more about freeing up time and mental space to focus on the next steps in our investing journey.Curious to hear others’ experiences as well!

On the other hand, I’m hesitant to simply pay down more of a property, as we don’t need the immediate cash flow.Fortunately, both my wife’s job and mine are recession-proof, which allows us to be a bit more aggressive with our investments.I’d really appreciate advice from investors who have experience with frequent moves or military service.

A minority of 401k providers will let you transfer the loan to a new provider, but I have yet to experience that option with any 401k I have had. 

I imagine there’s a different dynamic with tenants sharing common spaces, so I’d love to get your insights on how to manage this aspect effectively.Thanks for sharing your experience, looking forward to learning more!

However, we will likely need a property manager to assist with some facets of running this rental (since we would not live locally) and would primarily market it through platforms such as Airbnb and VRBO to start, (eventually setting up a direct booking process).Here's our question for those who have experience in STR's or who might be involved in a similar scenario: How challenging is it to meet the material participation hours needed to achieve active status?

This comes after a bad experience with another administrator I was with for about a decade.