Two weeks ago I was offered the opportunity to play professional baseball for the Los Angeles Angels so I decided to pursue that because it has been a dream of mine.

LA can be super expensive if you're getting construction done for you, but it can also be super cheap if you play your hand right.

A CPA is very similar, determining whether you need a very complex structure or very simple.For syndications, are you looking for an equity play or an income play?

thank you.Hi Jessica, I will say that if you're investing in California, you won't be finding any positive cash flow and it will be purely an appreciation play for the most part. 

In fact when plaintiff's attorneys are completing discovery after a claim is filed, insurance policies that could be related to the underlying claim are the items most critical to their discovery process.Unfortunately there's a lot of services out there who play to investors fear and inability to articulate the risks they are protecting against and sell expensive asset management systems, suggest management LLCs' etc.

Personally, I played with all this. 

Why have and LLC if you are going to play games with how you run it?

There must be a ton of capital on the sidelines, and investors are putting down more on deals for them to work.Factor in tax benefits, hedge on inflation, rents still cheaper than buying, and the investment is still compelling to some.There are deals out there, you just have to create relationships with brokers, and play the long game.

You have to be willing to play the long game and overpay with the intent that eventually after renovations you will take maximum market rent and turn a profit.

Question for the masses: is it worth it or beneficial to obtain a real estate license while investing?