NYC laws around rentals—especially short- to mid-term—can be tricky, so you’ll want to avoid any compliance headaches.The biggest challenge with this plan is finding a rent-stabilized apartment that makes financial sense and actually gives you breathing room.

[Click the image to see full size.]Real estate investing is for achieving financial independence.

Not because we had failed - this was a four-year resident entering their fifth year on the property when they got into financial trouble. 

Consider balancing liability protection with administrative costs, and consult with a CPA to align your structure with your financial and legal goals.This post does not create a CPA-Client relationship.

When I began direct-to-owner marketing for multifamily (12-40 units), I realized it usually takes many months and touchpoints to build rapport with most sellers where they are willing to really open up about their property and financials. 

It could entice you to buy when you are not financially ready to buy.  

Prioritize your financial stability.

We have a solid system in Quickbooks and want to stay with that for financials.

Known for his sharp financial expertise, Bessent has introduced an ambitious “3-3-3” economic plan aimed at reshaping the U.S. economy.

It’s important to ensure you’re comfortable with these risks and consult a financial advisor.If you choose to use a HELOC, consider traditional financing or private loans as alternatives if you prefer not to risk your home.As for your first rental, markets in the Midwest and Southeast offer great opportunities with turnkey properties that are tenant-ready and appreciating.