There was a time when I networked at Meet-ups and other real estate related gatherings but i am not afford the flexibility to do so in volume. 

The IRS views this as a related-party transaction, and deductions like rent paid to yourself wouldn’t qualify.

Here is my list of the most dangerous real estate related investments for the “non professional” investor lacking direct knowledge  and experience in these investments 1.

Also know that building a home seldom goes as expected - I have relatives that just built a nicer house… they thought it would take 9 months… it literally took 18-24 months between delays in permitting and the builder just not being able to get it done in a timely manner - often due to sub-contractor issues.  

It should be relatively straightforward to begin discussing the goal-setting and planning process necessary to begin transitioning from current state to future state. 

Hello, I’m a relatively new investor, I recently bought a duplex last February 2024, I live in one unit and rent the other.

@Martti Eckert I live in Los Angeles and have done a handful of BRRRRs in Missouri so feel free to reach out with any lending related questions to pulling off BRRRRs in Ohio. 

What you want is, as they say: relatively simple, but not easy.

I like targeting outside of where I would live for SF and small MF (1-4 units) because of the lower entry price, usually higher cash flow since your rental income is higher relative to your debt service, and your appreciation potential is high if you can read the writing on the wall.

Theoretically you could turn that $750k into $1.5m, and then turn that $1.5m into $3m within ~15 or so years and be earning 8% on your equity along the way, relatively passively, and it would allow you to build a track record to start doing your own deals.