Hi everyone,I bought my first studio condo in Astoria, NYC, last December. I’m originally from Long Island but have always wanted to buy in NYC and potentially settle here long-term. My plan was to keep the condo as m...

Real estate investing can be an effective way to build long-term wealth, and among the various strategies, one has gained significant popularity over the years: BRRRR.

It is usually difficult to take money against it from the bank, it might not be a 1:1 value add - meaning if you invest 100k into an adu it might not raise your value by 100kThat being said, it can be pretty lucrative especially in expensive and sunny CA - since building lots are no where to be found and existing real estate returns are very poor.My partner builds these units.

I am also a huge fan of real estate and for the past 50 years there's been a way to combine both.By leveraging a Self-Directed IRA, real estate investors enjoy both the traditional advantages of property ownership and the additional tax benefits of retirement accounts, creating a powerful wealth-building strategy.

In my land Timber days we just used bank LOC's but success in logging and creating substantial income allowed us to get those lines.

Michael,   A good book to purchase is "Professional Real Estate Development: The ULI guide to Business.   

Who do they have to answer to or do they just get to run amok and do whatever they want, no matter how unreasonable? 

It’s a double wide and the land is not owned it’s rented.

I'd say if you are looking for commercial real estate wherein the purchase bought the property in a corporation then PS is not the best place for lead generation and skip tracing. 

At the time, I had just graduated with a physics degree, landed a great job in the Bay Area, and was newly married.