But @William E. rightly recognizes that a unique opportunity has come your way through that walk through couple.Normally a 1031 exchange on this project would be difficult to defend because the timing and process would look awfully like a fix n flip and those do not qualify for 1031 treatment.

We quickly recognized why multi-family was so highly sought after - it allowed you to spread the vacancy risk of a property across more tenants than any other asset class, and historically was the highest performing asset class during recession periods.

Hi Account Closed, I recently left full time W2 employment to focus on real estate full time so with that for context, here are some thoughts to share:1) Recognize that any issues that you might have with 9-5 employment are likely down to you.

That's Intelligent Luck.There are actually two requirements to be lucky:1) You MUST recognize the Opportunity AND2) You MUST be prepared to buy that Opportunity.Example:1) Recognizing the OpportunityProperties in the Flatbush area are now much higher than they were 5 years ago.

For me, recognizing that in the wholesaling space is why I’ve made a pivot to get my license, and work on getting some things together for flips and long term / short term holds.

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

The court decided that Airbnb is not recognized as a hotel category but as a service, so that is why the 30 day minimum of renting out your room doesn't apply anymore, or at least this is what I understood from it.

But you need to listen.I recognize several of the names of people who have given you advice. 

Also recognize this is an old post but you don't have to lend through them either.

What I find is that I'm more focused and willing to call things as I see them without feeling like I might offend someone.I'm also better at spotting deals and have more confidence in knowing what I want out of them.None of this means that I don't make mistakes, but I am better at recognizing them and solving the issues.