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Updated about 9 years ago,

Account Closed
  • Rental Property Investor
  • Anaheim, CA
37
Votes |
138
Posts

New to BP, new to REI, would like your thoughts

Account Closed
  • Rental Property Investor
  • Anaheim, CA
Posted

So I am totally new to REI in general. I live in Anaheim, CA. At first I was thinking buy & holds for long term wealth. Then I was thinking if flipping homes would be more ideal for me to begin with.....then a crazy idea hit me. I live in a neighborhood, I mean in the closest neighborhood to Disneyland, literally. I've noticed people walking in groups from my neighborhood to Disneyland. Recently I checked and OMG there are so many STR'a in my neighborhood. Averaging about $350-$400 a night! My brother lives directly across the street from me. So I was just thinkin, what if we buy 1 big house, where both our families can move into and we rent both our houses. Or my brothers idea is to make his house a 2-story house (6bedrooms) and we all live in it while we rent my house out. Did I mention I have a swimming pool?

Am I on to something? Any advice would be great. 

Thanks in advance

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