My name is Abigail and I a nurse in Tyler and a newbie real estate investor!

If you don't fall within that category a knowledgeable local real estate agent can be an excellent resource.

Also be aware of Unrelated Business Income Tax (or UBIT) on leveraged real estate inside of an IRA.Or better yet, since you are self-employed - go with a truly self-directed Solo 401k plan, which would be a much better option and will help you avoid the UBIT on this investment.

You can try to attend virtual events, many real estate meetups and events offer virtual options.

Are you looking to just buy the laundromat business without the real estate or both together for $300k?

If one of you actively manages the property, pursuing Real Estate Professional Status (REPS) could unlock full deductions against W-2 income.

@Zachary JensenThe originalPost “ why wouldn’t an accredited investor invest with no risk….”Why is it that people think there is no risk in real estate.

Working with Real Estate ProfessionalsLocal Real Estate Agent: Choose an agent experienced in student housing.Property Management Services: Consider hiring a property manager if you’re not local.Inspection and Appraisal: Conduct thorough due diligence to avoid costly repairs.6.

The people that run these companies usually come from an "investment banking", real estate, or construction background.

I am new to the world of real estate investing and want to one day own properties and rent units out.