If you can't figure out how to escape that entry-level job and get into something that pays better, then I would argue you probably don't have the skills necessary to invest in real estate and manage it well.Focus on finding a job you can be proud of and that pays well.

Good god, and people ask me why I don't invest here :)VIVA TEXAS!! 

Net investment income tax= 3.8%I was aware of the Long term capital gains tax, but I was surprised to find out about the Depreciation Recapture and the Net investment income tax. 

I only invest in small towns.

@Christina Galdieri A 1031 exchange cannot be used for the sale of a business itself, as it only applies to the exchange of like-kind real property used for business or investment.

Investment Info:Single-family residence wholesale investment.

Hey everyone,I’m David, and I started BRRRR investing in Baltimore in 2023.

This is a tough investing environment with labor costs so high, in particular in NY. 

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

I think that it is a good long term investment with some serious upside, but don't kid yourself - your car (or your tenant's car) will likely get broken into at some point.