Hi Kevin,It’s great that you're involving your son early in real estate investing!

This will save you time and effort, as you won’t have to travel long distances to manage different properties or handle tenant issues.For your first investment, I suggest starting with 2-4 unit properties.

To generalize broadly, most who call themselves private or hard money lenders (or any of the other euphemisms for the same thing) typically originate first-position or (rarely) second-position performing real estate loans.

@Xavier PereraAt 21 and making $180K a year, you’re in an incredible position to transition into full-time real estate investing.

., when rent increases to $850/unit).Partner A’s Spouse is willing to forgo payments in bad financial times but wants assurance that they won’t face any tax consequences on unpaid amounts.If Partner A’s Spouse passes away before full ownership transfer, the Children inherit the shares at a stepped-up basis (avoiding capital gains tax).Questions:How should the LLC Operating Agreement be structured to allow withholding payments when necessary without triggering tax or legal issues?

@Nicholas Goerss  There are not real tricks to it.

I’m an ex realtor who also has some experience working for a private equity group for a short time before I got a really good gig in a completely unrelated industry that will allow me to have options when investing.

Now I spend my time making sure new investors entering the market do not make the same mistakes my wife and I made. 

My wife and I purchased our first home, a multi family, to house hack in late 2024. The property is in great condition and we got it at a great price! Downstairs 2br 1bath unit we are living in. Upstairs is 1br 1bath....

Building on existing land helps eliminate the issue of land scarcity, which is a significant challenge due to California’s high real estate prices.