Consider diversifying your portfolio by exploring various types of properties, such as single-family homes, multi-unit buildings, commercial properties, or vacation rentals.

Hello BP family!

Maybe a condo, depending on your reserves, or small single-family (love 2-bed SF).

Hi @Rabia Khan,To answer that question, it would be up to whether you can afford a single-family home, or if you would like the idea of not caring for the outside of the building and common areas.

I am beginning my journey to becoming a real estate investor in multi-family, and have been pouring over books and content for months and months.

My wife is originally from Florida and I somehow convinced her to move up here instead of the other way around lolRight now, we're looking for a single family home near the downtown area of Saint Augustine but I foresee us buying a few different properties in Florida over the course of time of building our portfolio.

But I would like to kick start my real estate journey before starting a family or moving in with my girlfriend.

While we do not see income from these properties and are not managing them we do have a significant amount of depreciation and losses that have been assigned to us and carried over from the past couple years.I am invested in some growth/equity focused projects already and am specifically looking in reliable income focused strategies that are tax efficient provided the losses I have from my family.

Thinking about New construction Single Family home in RTP area. 

We have had success renting 4 and 5 bedroom house Section 8 to larger families and multi-generational families.