You've got assets you want to pass on to heirs, but do you have a business to pass on to them?

I have had office space in Astoria for 5 out of my 7 years in the business and it remains my favorite place to work.Newer developments present a wide range of opportunities, including:Affordable housing rental unitsNew high-rise condominium buildings Small boutique condo developmentsMixed-use buildings2-4 family new-construction residential propertiesFilm studiosAstoria’s high cost of living is akin to other neighborhoods in the ‘outer boroughs’ with Manhattan views or proximity to the island.

I have reached out to many people that are also apart of my mentorship program but I never get responses.

The CoC return very likely won't be as amazing as those seen in the US due to the stringent lending requirements in Spain.How's the business been going for you in Valencia so far?

Your interest in it, your goals, your objectives will find the people to marry yourself with to get deals done.

@Alex SilangAs someone who does lending I would lend on a long term rental over a short term rental 10/10 timesA STR is more running a business and always having to stay booked whereas long term rental is more stable.Higher reward available = higher riskBanks do not like risk

Pre filling out an app pushes people away.

If you're actively involved in the development and management of the property—like overseeing construction and handling other key activities—the IRS might consider it an active STR business, which could allow you to apply the depreciation against your W2 income.

I am trying to get more involved with other investors to grow my business and learn, so I look forward to connecting.  

I know how busy this will be, which is why ideally once we have 3-4 properties, the maintenance of the website, advertising, and property management will become my full time job (my wife will continue to work to provide some steady income during the transition)For your 4 questions - those are all excellent things to look out for and they are things I would not have thought to ask.