I am a beginning investor looking to expand my portfolio in the wonderful world of real estate!

We live in one of the greatest markets to invest in anywhere in the world if you are buying small multifamily.

They probably aren't going to teach you about marketing yourself, your area, and real world skills.

Unless you are creating some kind of world vision - think the Teslas, Googles, etc - the arrangement is almost purely transactional; they are looking for maximum dollars for minimal work, and you are likely looking for the opposite.

In the real estate world, Quickbooks is definitely not the industry standard.

I was an investor and worked in the corporate world first. 

If you control interest in most any foreign entity (in the aggregate anywhere in the world outside the U.S.), you will likely have FATCA reporting requirements and probably need file an FBAR report if you have bank account(s) outside the U.S. with $10,000+ (not adjusted for inflation).

Any information/feedback/thoughts anyone has on the above will be much appreciated, along with any random thoughts regarding securing financing for rehabs in general, or the state of the world.

Best of luck, Cuomo has made NY into a third world country.

@Mitchel Foster I can’t imagine South Dakota is crushing it in the world of vacations??