I bought this alongside the other, so same story as the last... as early as 12 perhaps, my mother - who is a Korean-American immigrant - engrained in me two defining principles that have literally guided me to the here-and-now:1 - Invest in real estate2 - Work for yourselfSo that's what I decided to do at age 20 as a college-undergrad who didn't feel as if the traditional path of Bachelors Degree - graduate - Masters Degree - graduate - 9-to-5 until retirement was the route for me.

We found a house near school that needed work - perfect since we are very handy How did you find this deal and how did you negotiate it?

If after he graduates he moves away from the area we will sell.

ValuePenguin is a good source for the relative cost of insurance by state.If you select a location that meets all of the above goals, you have a good investment location.Investment TeamIf you needed surgery, you would not start medical school.

I am not sure what is the reason she has no #SS, but I rented to international graduate students.

We wanted to purchase a property in a good school district.

@Hayden Wright higher cap rate is not always better, capture initial equity through value-add, reserves should be substantial and you will likely use them, if you buy off of a long-time owner be sure to budget for insurance and property taxes to be a lot more than they’ve been paying, buy in an area where rents and property values are going up (good market fundamentals like lots of jobs in diverse fields, affordability (wages can pay the rent), population growth, good schools, low crime etc.).

It's a 2/1 duplex east of Downey high school area.

Close to transit (light rail, highways, buses, walkability), quality of life (crime, sidewalks, parks, schools), restaurants & neighborhoods.

I can't house hack being that I still have a senior in high school at home and my wife doesn't want to mess with all that.