I will appreciate your help,

Thank you appreciate the advice .

Hosting a session on this topic would be greatly appreciated at our Austin Real Estate Investment Meetup.

They take a percentage of the overall sales price of the home, not just the appreciation gained.

Hi Tax masters,I have a question about the county mortgage tax when purchasing a property.I'm quoting a mortgage from 3 lenders for a small multi-family in Bushwick/Ridgewood area (Brooklyn NY), and one of them estimated the county mortgage tax in their quote when the other 2 didn't.If anyone has some knowledges to share with this, I would appreciate it.

Also don't bank on appreciation "saving you" and you will definitely be spending a lot more than you would think on maintenance.

Note 4% appreciation if leveraged at 80% LTV is a 20% return from appreciation. 

Even if you're not making much profit at the start because you're investing in a better area, it should work out fine.If you're losing $100-200 per month but have a stable job, you should be okay.Most people get rich with real estate through property value appreciation rather than cashflow.If you're comfortable living with roommates, you can purchase a house in a good area you like and rent out spare rooms.

Your perspective from a guest's POV is really insightful and appreciated!

Any help appreciated!