I have noticed that many people on here have a popular belief that it is hard to invest in Los Angeles.

It also seems that he did not rely on his mistaken belief to his detriment.

While we can't foresee every potential problem we need to have the belief and skill set to find a solution to every problem.  

People get caught up with roof over their head, I'm of the belief Cash in my Pocket will buy me a much larger roof ..

:) I'm just glad we found a topic that we both agree on...it's nice to know that our beliefs and attitudes aren't THAT different...

Vote for people who are going to stand up for you and your beliefs.

Rich,No need to eat crow, this tax stuff is beyond belief - which is why I don't do my own taxes.Mike, are you saying your bank makes you a standard loan to your LLc, with no income verification from LLc, not caring that the building is old and your personal guarantee being sufficient for the loan?

Originally posted by cs78:Common sense says that when rates go up prices go down...Unfortunately, common sense is not always correct though I’ll note that this is an extremely common belief.

Besides, contrary to popular belief, we are actually not in competition for the spot.

You’ll need to confirm the setback requirements, the acceptable age of the homes, and the required permits.4) Other infrastructure:  You may need to prepare the home site, lay concrete/asphalt parking pads, remove trees, add drainage trenches, and otherwise develop the land to accommodate the homes.Executing this type of project can add significant value to your property but you must have a reasonable belief that you can earn enough after factoring in the $20k+ investment required per lot to create the new living space.