Good morning Let's assume (for estate planning) you create a revocable trust held by both spouses with all adult kids also active & as beneficiaries.

I have been wanting to get into Real Estate investing ever since I was a young adult and I had it in my head that I needed to be rich first in order to get started.

For example, Would they entertain owning two houses, if the FL one supported itself and even paid for their new primary residence, if it brought them income and they never had to spend a second thinking about it?

He also has videos which are mainly entertaining and funny - mainly his day-to-day stuff -Ken McElroy - Genuine guy who has a lot of good insights, especially in the commercial R.E. space and real estate forecasts.

Some parents here have gifted their properties to their adult kids - parent child transfers via inheritance or gift, you can inherit their property tax basis but you have to live in the house - this was from Proposition 19 passed in 2020 to undo some of the Prop 13 benefits.

. #3, The middle aged mother who had 3 young adult aged daughters.

I do want to point out that there are reasons why I want to keep the discussion simple and not go into a Monthly IRR which will wind up becoming a much larger Math discussion.I know from teaching classes for the around 10 years to Educated Adults, when it comes to Math, especially complicated financial math, despite the fact that it will make them millions, their eyes glaze over and fall asleep.

As far as I know, if you bought the property, you can rent out the rooms to whoever as long as it doesn't violate the clause about a number of non-related adults living in one place.

If just to observe the frenzy (i.e. circus) then either should provide you the entertainment.

I am a writer, a photographer, and now about to become a real estate investor.I have spent most of my adult life in retail management with a few years in programming, website design, and freelancing.