I don't "freak out" over opinions but I do base them on verifiable facts, not a story I heard or a guy told me.

You earn appreciation based on the market value of the property, not your equity.

To me, it sounds like you may be cherry-picking areas solely based on price points.

Here's a snippet from our starter course on becoming a Local Real Estate Developer and it will help you understand where the value comes into a development project to see how to weight the equity and deal terms based on the experience of the partners in the deal. 

@Bryan Nwokem since I don't know nothing about real estate since I'm also new the fact that you said this is a new build and based on the rent I would just go $1,700 a month that would be me if I was in that position but then again I don't know numbers.

Navy Federal, as an example, needs a long time to close and requires tax returns, but has a 20 year draw and a 20 year payback period…takes much longer than others, but that payback period is amazing.  

@Matthew Paul you are right, this wasn't a home run deal, just a base hit, you can't expect to have a huge profit when it's just a light rehab.

Hello All, I'm a new member who's interested in touching base and learning/sharing experiences with individuals who are growing in the San Diego Area.

So there’s a good chance aluminum still in use today is pretty old by now, and electrical systems don’t improve much with age like wine and women do (my opinion on the latter but fact-based for electrical wires and wine).

Quote from @Nicholas Cavato: Hello everybody,I am a new real estate investor based out of Tucson, Arizona but will be moving back to the Midwest (Cleveland, Ohio) late 2024.