Borrowing against that equity has enabled us to buy other properties, and to build wealth.

Bad jokes aside, a new independent contractor law (AB-5) was passed in California in January of 2019 (as I’m sure most of you savvy individuals know) and it has and continues to greatly impact the way I am paid as a professional musician.

Last year, Mayor Garcetti set a goal to build 100K new units by 2021 and I know from following him that he has been involved with ULI and local governments in identifying the causes behind the shortages as well implementing policy to enable/encourage more high-density development in the area.I just returned from checking out some open houses in Compton, Inglewood, West Adams, and in the south side of Mid-City .What I'm hearing from everyone I speak to is the same: there's no inventory so everything is flying off the shelves with multiple offers.

But making business decisions based on tax implications is far different from creating an LLC purely to enable a fictional home office for a tax deduction.

Multifamily Apartment Syndication takes advantage of economies of scale to enable your real estate investments to be truly passive by pooling money with other investors to buy larger assets that can support a full time staff.

The cash flow from the three units I mentioned enabled me to buy two more properties recently (1 investment SFH and 1 owner occupy, which I plan to rent out after a while).

And when you have an Accountant do your books for you, they take care of the Scheduled Tax Lines in their own software program, which enables  you to mix a lot of your various investments into one company file. 

Your years of success and knowledge of your market undoubtedly puts you head and shoulders above the pack; enabling you to negotiate better deals.I have yet to see that level of experience and expertise in any of our local HomeVestors, but I remain hopeful.

Ring doorbells have audio recording enabled as the default.

That will at least enable you to understand what others are doing to be successful and it's always great to network!