I originally considered a house hack in CA, but then dropped it, I didn't think about that strategy tho!

When I bought my first few Teslas same thing insurance was very high.. then Tesla came out with their own. and it dropped 70%..

I call it the BRR"R"RR method, where the extra R is waiting for the Rate drop.

I personally recommend doing a small project together first to test the waters. 💡4️⃣ General Tips: If you're partnering out of state, legal agreements are a must.

So, if rates do drop that 5 year PPP can end up being very costly.  

This weekend I have a family moving in to one of our properties due to their own home got some major water damage inside.

(Yes, I did eventually get in the water)

Reminder:Ground improvements qualify for bonus depreciation.This includes various landscaping.Roads and external parking areas.Sidewalks and pathways.Fences.Utility systems (including the installation or improvements to water, sewage, drainage, and electrical systems).Outdoor lighting.Rec facilities (like playgrounds, sports courts, and swimming pools).And more.It's a big category for depreciation/bonus depreciation that we love.

Construction can have unforseen costs, construction loans for rounds of funding can be more expensive over time, rent markets can drop, vacancies in market can increase.Typically entitlement phase of land most risk, followed by development, followed by vacant building turn around, followed by half vacant building, followed by mainly full building with value add component, followed by brand new building with market or below in place rents and everything new with good location.Along that spectrum of course you go from heavy equity upside potential to mainly just the cash flow return and hopefully price appreciation over time.Investors have to decide on the spectrum of their risk assessment to capital over what period of time how they will allocate between all one type of investment or multiple and what percentages.

So, the condo LLC had gotten the suit against them dropped and turn around and filed another suit against me.