I had been discussing this property with the owner for a while and saw its potential—distressed but with strong fundamentals and built-in equity.The deal was a great opportunity to apply creative financing, secure a property with minimal upfront capital, and build long-term cash flow.

Quote from @Hector Romero: Hello all, I am new to the community as well as being the lead in real estate investments.My sister and I currently hold 3 properties next to each other in Riverside County, California (we'd like to get them in an LLC but we're unsure how that may affect financing them).

Hey @Sidney Duquette so I am not a fan of buying properties that can't perform with the hopes that it will build equity to offset the losses.

•Pausing payments if necessary•While building home equity with loan paydown from rental income, I'm also rebuilding the equity within my WLI with the same rental plus my current active business.

On market, $6,000 over ask offer and waived inspections due to the pristine condition of the building and garage.

My realtor recommended SDIRA Wealth, a company known for its high-volume new builds every year.

Newsom signed that order post-LA fires making it illegal to increase rent beyond 10% in those areas impacted by the fires (one source: https://www.washingtonpost.com/business/2025/01/25/la-county... )If I understand you correctly, you're saying that PriceLabs is behind the increase in rates for your properties, taking them to either 10% or beyond of an increase which I'm sure is something someone on their board or engineers must be aware of- as an issue.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

We are looking to connect with others to build a solid foundation to our newly started company. 

Build a fantastic team around you.