We have some great back country roads around the lake that any road race driver would enjoy, for me, at times, a few of those "S" curves that I know like the back of my hand are just too much of a temptation.I'm happy to hear Jay that you have enjoyed your method in your construction deals, but you and your attorney are misinformed if you think a note sets a partnership, it may have the effect with similar outcomes.Repeating what you do doesn't make it more correct or prudent, people should not be doing this, you can, if you have issues, you're a big boy, you can handle the issues or losses or ramifications, others can't so well.My temptations running through those curves is much like yours in doing deals you like to do, if I get a ticket, I'll just pay it.

I discuss with them how they will no longer be a landlord and get to enjoy the thrill that accompanies that job, but instead, will become investors in real estate and essentially my business.

I enjoy researching the fundamentals of real estate cycles and speculating on diamonds in the rough and transforming them, but need to learn a lot about financing (have made cash purchases to this point), etc. so looking to learn from you all, also open to other investment models and opportunities.

Best wishes and enjoy that warm weather!

If you enjoy real estate, maybe you could find a job you enjoy in that field rather than working a job you don't appreciate.

hope you enjoy the Podcasts :) Don't be too put off by our bad jokes!

School works for some and not others.For example accumulating debt in college that you can't get rid of but you know a high paying six figure job is waiting with excellent demand and you enjoy the field it might be worth your time to finish out.If you went to school because your parents pushed you there and you have no field you enjoy or you do not like the major you are in and are racking up debt then really you are wasting time.

Keep um' coming, as I'm enjoying them so much, and there may be some ideas that some of us can use to further save for our eventual property(ies).

I live in Venice Beach so I feel your pain.As far as wondering how the current owners are doing it out here, I believe the majority of owners most likely fall into two categories: 1. owners who bought a long time ago or the properties have been in their families for decades (Venice is huge for this, most owners bought in the 70s when the prices were awesome because Venice was scary to live in but now they are sitting on gold mines and not selling them) or 2. owners who are likely losing money on their properties but in their minds appreciation potential and/or the enjoyment factor of owning in LA prevent them from selling.

Enjoy the sun!