I’ve had a couple of clients in both Austin and Scottsdale who’ve looked into similar options, and the truth is, it’s one of those niche areas where the institution you choose can make a big difference.

It is digital gold for those who got in early like yourself.

. - The main question here is do you qualify as a real estate professional according to the tax code.

Hope it helps!

I now want to diversify, I have around $1m in S&P 500, and want to use the other $1.5 for real estate investing.My end goal is to build a Real Estate Empire and I feel like I am in a very good situation to do so,I love working and I am not looking for "passive income".What would you pros do in my situation?

I purchase properties in need of work and put sweat equity into them by doing a majority of repairs myself and then follow BRRR strategy.

It’s in SoCal and not in a rural area and close to many regional hospitals like memorial and Kaiser.It's on off MLS listing.

- Lots of Equipment (R&D Facilities, Car Washes)- Gas Stations (100% 15 year properties)- Movable walls (self storage)You can find anywhere from 15-35% of the purchase price of a typical apartment complex is this type of property.More of it means less tax for you from higher depreciation amounts!

I'm particularly passionate about multi-family.Outside of real estate, I enjoy singing (I do it professionally), and playing basketball (I do it for fun, lol).Excited to learn and connect with you all!

How long can/should I wait for the appraised value to change, and will it go up or down?