That's one of the most common fallacies in real estate investing.

I think you had the almost one in a million situation.

Now with 2 little ones we have been force to take on lower paying jobs to to make sure we can have decent schedules to accommodate the needs of the family.

I’m in the L.A area too and looking for one .

This one is good.  

The bad ones will want 50% upfront, you'll have to plead for update pics, they'll find reasons to increase their initial bids (multiple times) and will want final payment before meeting you for final walk-thru.Many investor-friendly agents have NEVER owned a rental, so you can't really rely on their advice.

The best deals aren’t the ones where you find a gem, but the ones where you can negotiate down to a price that works for you, factoring in the repairs, the market conditions, and your goals.

. - Initial investment of $145K (DP+closing)- It had one tenant for 5 years and 3 months (no turnover), and the tenant paid off the mortgage and expenses in those 5 years.- I spent around $30K to do upgrades before selling.- Sold it for $915K after 5.5 years (received $442K at the closing)- Did 1031 exchange and bought 8 SFH in NE & AL worth of 1.6M (brings $4k/months income now) What made you interested in investing in this type of deal?

I forgot how the book ends but one of the high points was his design of a chapel "for the worship of God and the service of Man".

Hello, I currently live in my home, I'm closing on a 4 unit 2bd apartment building (which I will live in one).