I am a newbie to real estate investing and am learning as much as I can as quickly as I can.

Hello,Quick question about how the IRS looks at 2 types of income in your company.I have one BRRRR property and now doing a flip on another property.Does the IRS look at the 2 sets of income completely separately?

You can also have a quick call or chat with CPA's to see if they would be a good match for you.Feel to post any other questions you have. 

Third, if you get in a position to put significant cash as a downpayment, you should always look at local lenders who know your market, and can move quickly. 

The 50% is more for quick analysis or so it is being said by some of the Youtube/buy my book crowd.

This community is such a supportive resource, and the opportunities for education are rich.

If seller wants quick cash with deferred maintenance, wholesaling may be the way to go, else you can list the property for sale using your license.

Oh and NY isn't particularly the best place to start real estate investing in lol (the city's meant for the rich).

Why a phone call is a lot more informative way to talk options per situations then just quick forum post being taken at face value. 

I started with........as many of you may have guessed, with "Rich Dad, Poor Dad."