The security deposit is for damages , tell them no and start the eviction process

It is hard to get started and even more complicated if you begin as a passive investor looking for a turnkey opportunity hundreds of miles from where you live.

PS if you're really fired up about starting your journey, take a look at our BPCON 2024, it's in Cancun October 6-8th and it may feel like diving into the deep end but making that investment in yourself and your REI education can make a monumental impact as you get started! 

My wife and I are 28  year olds, living in Southern California and we are starting to create our financial freedom portfolio in real estate.  

While I know I can start a business making around $7k a month, my immediate goal is to house hack, and my concern is about qualifying for an FHA loan.Any insights you have on this would be greatly appreciated!

If you subsequently purchased a property for 200k, would you count gains/losses against the 50k you now put in or against the 25k you started with as that’s what you’re actually out of pocket, depending on how you look at it.I hope I worded that clearly 

I first got started with real estate by buying a 3-flat on a whim 5 years ago and now I am back for more.Happy to meet everyone!

Hello Jeff,1st run and hide when you hear the word Reit's, those are flaming dumpster fire's, and are going up in smoke.When you are buying land either at auction or at a private sale you need to understand what you can do with the land currently, and what can be done in the future.Basic land questions:1.

No General Contractor wants to do a remodel with the residents still living there....they will charge you more (they probably will not show it, but the prices will be higher because of the huge PITA factor and increased liability)I would wait until you have completely moved out and then just give them the house empty and ready to roll.....But you can get a Scope Of Work going and start getting bids...even plans and permits if you're going that far...

I've been investing in real estate with my wife since 2017, when we started with JV deals and small flips.