For this month, we have real estate attorney Stephen Weaver attending, to discuss land use issues in LA.

Hey Lucas, You could finance your first BRRRR and it may be a smarter strategy than deploying all of your liquid reserves into one property for the next 3-12 months (Depending on the loan for the refi). 

I read "rich dad poor dad 2 month ago" I agree with what you said 100%.

If you see a $220k listing for a duplex where each rent is $1000/month you see immediately that this deal is CLOSE TO 1% and that with negotiation or other improvements in rent or savings in expenses could meet or exceed that.

However, they have now come back into default on their payment about 4 months and their mortgage will be up for foreclosure in about a week.

>> airbnb.com/h/walk-to-beach-houseIt went live on Feb 18th 2024 and so far I am cash flowing about $2,500 a month.

Michael - I've always recommended "DIG" - Diversified Investors Group, who meets in Montgomery County and has a TON of events every month.

I would look to house-hack if you are local -or- use this time to build up your financial readiness and see how the next 3-6 months shake out in some of those Midwest markets.

They can be charging up to $6,000 a month PER KID.

The initial $100k negative would consume many months/years of cash flow.