This is the real estate version of “dollar cost averaging.”So even though home prices do go up and down, they tend to go up overall.If you get in the market you are getting a piece of the pie, versus waiting and missing out.For example, you might end up selling when prices are lower, but then you are buying a new place when prices are lower too.

What we do with clients who build single family and multifamily is we break the process up into several pieces.

I recently purchased a 0.42-acre piece of land for $90K.

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

A lot of times the court will have a fill in the blank unlawful detainer form that you can file with the clerk.

Makes me feel like I should remind everyone that I'm an agent in Blank City, TX, drop some generic advice, and then tell you to DM me if you ever want to chat more about investing here.'

I've found MOST quality contractors wont' use the materials you've bought because MOST newer isnvestors will buy the cheapest pieces and parts they can find, often providing used materials and then the expect the contractor to guaratee their work.

If you're introverted and shy, you'll be ignored and left in the corner eating a piece of pizza wondering where all the deals are at.

My biggest piece of advice is don't jump.

I’m excited to start putting these pieces together and taking some action.