I am buying a rental property(2B/2B) in Imperial Beach which has beach access.

If you are going to be rehabbing the property and will need access to the capital for investment expenses, look into checkbook control- a little more advanced strategy.

We have cleaned out those tenants, and have security cameras, and access control pads to the courtyard to deter unwanted elements from coming by.

@Cheyenne Bolin You could get a DSR loan that requires 20-25% down, so how much can you access with a HELOC on your primary?

Meet and talk with people who invest in real estate nearby, and pick areas that have a lot of people wanting to rent, good schools, easy access to public transport, and a chance for the property's value to go up.

Additionally, holding a real estate license as an investor not only saves on commissions but also provides valuable access to tools like the MLS, enhancing your capabilities as a wholesaler.Feel free to share where you are located—there might be exciting opportunities waiting for you!

Make sure that wasn't the site where all the construction workers changed their oil, or it is not the trash site for the neighborhood, make sure it is not in the flood zone, make sure the lot size meets the building/plat regulations, check for utility access, if they have lawsuits check for judgements and liens, and IRS liens.#7 Go kill it and make millions, maybe you found a gem.

I'd recommend having 1 QB account that both you and your partner can access for reports and income/expense tracking.Regarding the platform, I've used QB for over 4 years and its been a game changer for me.

The residential brokerage industry is in transition right now; after numerous attempts the last 15 years by well financed - venture capital backed companies that attempted to "disrupt' the industry (ibuyers, Zillow, buyer's only agents, public access to MLS, flat fee MLS, discount brokers), we are still at basically the same place we were in 1975, i.e., 6% commission paid by seller.So, the next step is compliance with the settlement agreed; no offer on MLS of seller agent sharing points with buyer's agent.  

If you have  / can find suitable land (topography and zoning can be an issue), have access to the necessary capital (more expensive), can be more patient with the timelines (new builds will take quite a bit longer, especially on multi units, and dont' forget to factor in possible weather delays), and enjoy the process of designing something from nothing - GO FOR IT.One big caveat: make sure you have the RIGHT General Contractor who really understands new construction.