How those people should be prepared to report loss on tax return?

My target markets are NY and CT, but I’m definitely open to expanding my horizons.Since most friends and family members are hesitant about real estate investing, I'm on the lookout for a mentor who can guide me through this journey and potentially partner with me along the way.If you have any advice or know someone who might be willing to help me get started, please let me know!

I would love any tips, tricks on a first purchase.If anyone has any leads on off market properties for my first investment it would be greatly appreciated.

You would be better served upgrading from your last one and becoming a small partner in a flip where you could bring your sweat equity and some cash and learn on the job more when it's not a family member.

Alicia mentioned the classifieds section here on BP for hunting, as well:  https://www.biggerpockets.com/...

It's detached - the city knocked down the home on one side in 2018 and a private individual knocked down the home on the other side in 2022.

I then delivered her the “Statement of Disposition” at end of April and the 60 day appeal window is up on June 24th.

My main strategy that I will be focusing on is fix n flip but also open to any opportunity that is presented.Big things are ahead! 

Her rates for rent are in the 1300s on up.

Both men are on Youtube and offer their systems for direct purchase or you can partner with them AFTER you buy.I'm looking for something that I can both learn to do alone as well as partner up with someone.