As one of the fastest-growing cities in the United States, Raleigh, NC, continues to attract attention for its dynamic economy, burgeoning tech sector, and vibrant cultural scene. In 2024, Raleigh's market situation p...

If you’re looking at San Pedro or Ambergris Caye I would make sure you understand water, sewer and golf carts infrastructure and permitting.  

Rather than pay off your debts, you could take your initial seed money to invest with a rate of return.The big thing right now is just understanding and ensuring your rate of return on any investment you do with the cash on hand is higher than the interest rate of what you are paying off.

I would add that even though MPLS doesn't have rent control, it has tenant rights ordinances and if you buy an investment property and raise the rent on a current tenant within the first 90 days of ownership, you "may" have to pay them relocation costs due to the increase in rent so be careful to understand MPLS statutes. 

- assuming 500hrs each, we have spent enough time this year to get to that but wondering if thats a red flag for IRS with high chance of getting audited (we travelled 7 times over the past year to work on the unit and spend at least a week each time excluding the time we spent managing the guests)- Lastly, our understanding is that each can take 50% of the final offset to our W2 assuming we prove material participation eligibility. 

Maybe some of you here who kept a day job but also generate income from investments can help me understands the basics of this.

First step would be to read as many books or listen to as many podcasts as you can to understand both the buying process and how to identify a property as a good deal or not.

I understand the importance of finding the right lender experienced with first-time investors/buyers and supportive of your unique positions as a business owner and W2 employee.As an investor, my network includes trusted mortgage brokers and lenders experienced in working with first-time investors and understanding the nuances of investment property financing.

What I want to understand better, is how many of you got into the game and got your start.

It is my understanding that the Zillow API is meant to be used as an add on to your own web site where you pull in and display additional property information from Zillow.