Also, many PadSplit properties have bedrooms that are created via flex walls that wouldn't meet the definition of a bedroom in an appraisal, so many PadSplit owners may think their property is worth a certain a mount based on a bed count that's not valid. 

Hi friends! 

Quote from @Brendan M Hornung: I reside in Southern California and started my investment journey in March of last year by purchasing a sub-to single-family home in AL.

As to gurus, being popular, attractive, witty, friendly, or just lovable doesn't mean they are ethical, lawful, correct or are qualified.Qualified: Now, that is an interest aspect for a teacher or instructor.

I definitely wouldn't sign a purchase agreement before seeing the property.

@Rebekah Shields why didn't your pre-purchase inspection find the foundation issues?

Purchase price: $255,000 Cash invested: $51,000 Second property, bought soon after the first multi-family.

My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.

I plan to purchase a primary residence, multi-family home (2-5 units, 'house-hack'). 

Purchase price: $255,000 Cash invested: $60,000I bought a condo back in 2019 in Ashburn, VA as a rental property.