Extremely motivated residential real estate development manager and investor.ExperienceI have been in construction and real estate industry since 2000.Low cost housing development management and urban renewal projectsOwn four properties (3 rentals);Developed one propertySelf-financed one property Real Estate Goals (in four year cycles)2015 – 2019 period: Double the rental properties owned to 8 properties by 2019Write an operations manual for the business.  2011 – 2015: Double the properties owned to 4 properties by 2015Increase in property investment knowledge Create proper financial tracking and monitoring.Register a property company or trustGet into a property club and property mentorship.Get SA property advisors and connections.2007 – 2015 period: Have two properties by 4th year (done)Gain knowledge in wealth and propertyCurrently Seeking+ Single-family properties around Pretoria with a positive cashflow. + Create a property investment club to develop in estates.

I'm a CCIM and a member of the Society of Exchange Counselors.

I recently selected a tenant who worked at a local college, after she passed the background check, in part because her source of income is not correlated with the local economy.This type of analysis should still be completed for investors in large urban areas with diverse employment opportunities for tenants.

The point of this post is not how I eventually became OK with the concept but rather a realization I had after many discussions with friends, family and colleagues and a recent event (more on that in a second)What I noticed is that the most confused were people under 40 and in urban areas (I live in Los Angeles area).

There is nothing sustainable about it and there is no value created for the society, in fact it's a parasitic behaviour. 

Real estate is a business, and if you are in business you should not be operating in your own name -- unless the law requires it, such as for certain professionals like lawyers and doctors who society feels should not have their professional liability limited.

Real estate is a business, and if you are in business you should not be operating in your own name -- unless the law requires it, such as for certain professionals like lawyers and doctors who society feels should not have their professional liability limited.  

I'd like to see the test results but I think this is one of those things where a lot of urban legends get repeated.

Trying to stick to the up and coming urban areas where possible renting to the out of college / young professional crowd.

Definitely going to pass on the multi family, but not sure if I should do a long term hold with the property as it is in an up and coming urban renewal area or rent it out.