I don’t believe you can do a 1031 into building an ADU on land you already own, even if it wasn’t your primary.Reach out to @Dave Foster if anyone knows he would.

I want to find something local (Los Angeles area), move in, do small renovations to possibly build up more equity, do a 1031 exchange, and find something better. 

From my experience working with over 400 investors, starting early gives you a huge advantage in building long-term wealth.

We had a plan to build a large real estate portfolio and then sell it in five years and divide the money.

I want to know more about the area and build a team that can help me purchase and manage properties.   

So as long as someone gets realistic with the TRUE cost to  own and maintain and the numbers work it can work but I am a big proponent if your going to have these types of assets they need to be paid for to really enjoy any financial benefit.lastly I can say the same thing about new builds.. over the long haul unless there is REAL appreciation more than just 2 or 3% if you sell within say 10 years your going to be lucky to break even as your going to have to spend 20 to 30k making the houses fresh again to get top dollar a 10 year old rental is not going to bring top dollar and the value at that point will only be what an investors will pay for a given cash flow..

I will be buying the land to keep for my family and eventually build a home on at a later date.

For me it’s building connections with buyers in a new market. 

Hey everyone,I'm in the process of purchasing a multi-family apartment building and just discovered none of the current tenants have any kind of move-in inspection. 

I then did some wholesaling, land flipping, did some more buying and am now just doing lending to build up active income.