We have a shortage of qualified applicants and conventional renters, which was created over Covid 19.

The Idea is to create a new real estate asset class - the Room Condo. 

It’s not just about luxury anymore; it’s about creating spaces that adapt to the future and the people living in them.For investors, understanding these shifts is key.

I am now under the suspicion that their friend, the one who is still living at the property, is the one who created separate accounts for all three of them and did the signing for each individual who is under this lease agreement. 

Thank you for that - it creates a clear path when its written down.

Like you, I’m diving into books and podcasts, but I also believe there’s immense value in learning alongside others and gaining hands-on experience.I’m in the process of connecting with like-minded individuals to create a community of new investors who are eager to learn, share knowledge, and even collaborate on deals.

I wanted to create an STR experience and bring my bold ideas to life.

I would get an attorney or title company involved to create your loan documents to ensure they comply with the law and cover all the aspects you need.Another method that is likely your best bet to take on investors is to create a joint venture (JV).

As you grow, use 1031 exchanges to defer taxes and scale your portfolio.This post does not create a CPA-Client relationship.

Also keep in mind in LA most of those lots were created from 1900 to 1950s and well they are lots of record.. and were developed with the standards of the day..