I was going to wait to build my portfolio bigger before starting an numbered company, but I'd like to hear what the BP community has to offer in words of advice.Here are the current numbers I'm working with.

One key piece of advice is to make sure to build strong team around you.

If you prefer to stay local and build equity, house hacking a duplex or triplex in Fort Lauderdale could work, especially if you can add an STR component to boost income.

at 26 - you could build a portfolio just by house hacking every 1-2 years for the next 5-10 years.

Building wealth quickly is not an enjoyable experience—you have to go through some pain to experience the reward at the end.Trust me, from personal experience: the quicker the wealth building = the more pain.

I have a lot more research to do before being comfortable with apartment buildings, duplexes, etc, but I'm exploring that as well.if there's any must-have resource I should look into or consider please let me know. thanks!

My very skilled, carpenter husband installs cabinets builds our custom counters $50-$75 and our painter does Daich lux rock kit finish ($225).

I recently completed one on a multifamily property and found it to be a cost-effective approach.That said, there are a couple of additional factors to consider beyond the code differences between a garage conversion and new construction:Coastal Overlay Zones – If your property is in a coastal overlay, building a ground-up ADU may require Coastal Commission review, which can add time and complexity to the process.

@Victor Somy comparable building is three units with a bill of $100 a month.

What our clients generally do is take the average gas billing for the year while occupied. give themselves a little wiggle room,  and build it into the rent as a flat rate, similar to water or electric with a single entrance.