@Nevin WilkieGreat tips from @Matthew Becker.

Class D is mostly rentals (another tip to look at owner occupied stats and/or if the neighborhood is identified for revitalization), the tenants are outside smoking, they are talking to neighbors and solicitors, it is a completely different vibe that is pretty noticeable just driving through.

@Allison ParkTwo pro tips to share.1.

Assessments in NJ are not done on sale, unless it's a new build or a complete renovation where the permits tip them to reassess, so every three years or so they reassess all of the properties and taxes go up most of the time.

These are all great tips and advice, especially for someone like me who is thinking about becoming a real estate investor.As a newbie, I would say that there are tons of information, and some are conflicting at best.

I’m almost 65 I have about 3 million in property and am strongly considering finding a non profit I believe in and gifting 2 million to them- you don’t have to pay taxes if you do that but they’ll take 5-10% of sale.

Maybe because if you do and someone does buy into into, you need to get your referral fee.I have looked at quite a few, and expense ratios/costs are way high, would rather do Index funds which are way low cost and less risks.Also there is a reason many require you to be an accredited investor, which requires you to acknowledge there is now SEC security blanket involved(even if it is overseeing), and that you are on your own.Kind of related, I have a stock tip to sell, I had 200% returns on it.

Losing 85% on a single REIT would’ve been devastating if you were all-in, but spreading out across 10 investments turned the overall outcome positive because of the winners.Here’s a few extra key tips to avoid big losses in passive investments:Focus on cash flow: Invest in assets that generate consistent income.

They keep rent low, give gifts and homemade cookies for Christmas, make upgrades whenever the tenant requests,  accept all the late rent excuses, etc.The truth is, your tenant is not your friend.

We worked him through the process, brought him a contractor, and gave him all the resources along with giving him tips on layout and all.