No pain no gain. 

I certainly expect to make mistakes, but hope to minimize through mentorship from others, and what knowledge I have gained through appraisal experience. 

If you or anyone you know might be interested in helping me gain experience/knowledge in property management in exchange free work, please reach out. 

In a redemption event the [new] investor/owner does not get to make a gain they get to be made whole. 

If he sells he wouldnt be subject to capital gains?

In it’s most basic definition Buy - Purchase a propertyRehab - Value-add with renovations and rehab things that need to be fixedRent - Find tenants to pay your mortgage (and maybe some cash flow)Refinance - Once the property’s value appreciates from rehab and reappraises for more than you purchased it for plus renos, you can use that gained equity to do a cash out refi.

Los Angeles is not the only place to gain appreciation - although it is really good - but you pay for it...Anyway, I have stories about people who focused on rentals before buying their primary home and they've done great.

In this case, delaying recording is risky because another party might record a claim first, gaining priority.The risk mainly arises if the seller attempts to resell the property, which is generally unlikely because most sellers are unaware they still have this ability when the deed remains unrecorded.

Gaining traction is proving challenging, however I will persevere !

I can’t hold out any longer without sharing my feelings on working for Kris Krohn and his limitless money pit brand.In the beginning I will admit that I gained a lot from watching Kris Krohn’s content on YouTube.