The one I am speaking with currently has not offered up any sort of contract so I am taking the lead on preparing something.  

Focusing solely on numbers often leads to the purchase of low-quality properties.

It seems like a win-win, especially with the simplified approval process and flexibility for multi-generational housing.

Full Occupancy: The property achieved full occupancy within three weeks of listing, with strong tenant demand.High Cash Flow: The property generates $5,570/month in gross revenue and approximately $4,690/month in net profit after operating costs.Effective Use of 1031 Exchange: $300k of the total $420k investment was offset by the 1031 exchange, minimizing out-of-pocket expenses.Long-Term Stability: Designed for durability and versatility, the property is expected to cash flow for decadesLessons learned?

This will lead to many of the professionals in the same industries who already are not doing that well to fall out of competition and hence be "replaced'.

Doing so, should lead to you meeting other investors that you can then learn from about flipping and rentals.EVERYTHING YOU NEED IS RIGHT IN FRONT OF YOU:)You just have to work for it!

During this time you are not generating any return from the money invested in the ADU.

But as a new investor, sometimes this advice leads you to only have cheerleaders in your life.

Hello everyone, I recently became a realtor and I was wanting to get into wholesaling but my broker has said it could lead me into trouble here.

Today, that building generates enough passive income to cover his annual retirement contributions.You mentioned taking the 10% penalty, which I’d only recommend as a last resort.