During this time you are not generating any return from the money invested in the ADU.

Preserved for future generations as a way for the average income earner to build wealth over time and provide a clean, safe place to live for other people.We need more units constructed.

Alot of first time cost seg folks come to us with losses generated all excited to offset w2 income, only to find out they did not qualify for the STR loophole properly and cannot use the losses against active income.

Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.

They generate a detailed report on any property that covers extensive real estate data, demographics, crime, schools, projections of appreciation in future years, desirability of neighborhood, etc. https://www.neighborhoodscout.com/about-the-data/For things like flood, wind and fire risk, I like using https://riskfactor.com/

Also, for estate planning Money Podcast 532 Building Generational Wealth?

👀Some or all the content might be AI generated read it at your own risk*******

Equity generation (over long periods of time) is.Real estate creates long term wealth, even for a small investor you can relativley easily create a million over a decade or two with just a hand full of houses.

Might not be right either since the property wont be income generating since the tenant had to move out to get the repair fixed.Worth it to “fix up” to make more sellable for higher ROI?

By doing so, you could redirect the funds currently spent on rent towards acquiring assets that have the potential to generate long-term wealth through appreciation and other investment returns.When considering partnering with a turnkey company, ensuring their reliability and alignment with your investment objectives is crucial.Regarding financial advisors, seeking recommendations from trusted sources can help you find professionals with expertise in real estate investments who can assist you in making informed decisions that support your financial objectives.In summary, prioritizing the acquisition of income-generating assets can play a vital role in building wealth and achieving financial security over the long term.