They’ll coach you right into it being your own business that allows you to leave your W2, if that’s your goal.  

You're running a business and want to just make money.

I'm not sure why that metric has held true but it still applies, the properties that perform well above that ratio are the owners that treat their STR like a business.

One thing I wish I knew starting out was the true overhead of running a RE business it can be pricey if you don't run your numbers right.

Working this backwards, what I see is a 3rd party trying to benefit from another’s house via rental cashflow, My only business is 30+ years as probate estate and trust lending in CA.

There are easily 5-6 meetings per week you can go to and learn from people who have been in this business for decades.

How is your RE business?

Hi everyone,I graduated college a few months ago in Boston and tried to start my own business but it didn't workout and so I focused on Real Estate instead and passed my NV License.

Sometimes occupants still live there and eviction is not easy, and I have even heard a story once that the yakuza are involved in the construction and real estate business and exorted money from buyers through occupants in these properties. 

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