Last week I received $250M in defaulted doc and flip loans (we buy notes), so contrary to what people say here on BP where it’s all rainbows and unicorns - that is farthest from the truthNow I am not saying don’t flip a property, but also don’t feel forced like you have to.

I have learned from my mentor over the last two decades. 3 years ago I took a step into preferred equity and landed an amazing opportunity.

I tried Guesty last year, but I had several issues with double bookings and poor customer service. 

When factoring in additional costs such as maintenance, property management fees (if you do not opt for a property manager, and you should), and potential vacancy periods, the financial burden could increase.Check this out: If you're breaking even on rent at $1,600, any additional expenses or vacancies directly impact your pocket and mental health.

There is a lot of competition in CA and while a great appreciation market gone are the gold rush days of the last 10 years so the strategy has to get more creative.

Over the last 18 months, we have done all the leg work and are near the point of having our permits approved by the city and all entitlements in place for a 12Plex.

Our PG&E bill is 102% higher this year than last! 

As we desire to create lasting wealth for our families, and develop great places for people to live.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

It will be along the line of…This broker I’ve worked with 10 times over the last 20 years brought me a smoking deal.