I'm invested in a property near the Grove that's executing that business plan now.At a simpler level, that might mean buying a house with a garage, converting the garage into an ADU, and renting out the ADU.I think a super solid first step to get into the LA market is to househack a home or a multifamily.

I haven't had anyone jump up and down for something we have in our lake house.

Real Estate Investors can play ahead of the game by learning about 1) Real Estate (of course), but not the basic stuff....all the tricks that can make you stay one step ahead of your competition. and 2) Construction - How a house is built and how to fix, remodel and add value.So for #1, you can just make this forum an addiction.

My interest in real estate investing started from reading books and listening to podcasts, which got my thinking about exploring house hacking as my first venture.

It is a 4bed 3bath 3200sqft $1.2m custom homeBenefits- no HOA or rules restricting STR -1mile (walkable) from historic downtown or from the Rock park-house has nice views and is pretty secluded from neighbors and feels private-assumable loan with much lower than market paymentDraw backs- high price -no comps, new house in older neighborhood.

Please correct me if anything I say about my plan is wrong and I'm willing to learn/listen to more advices here.I'm currently living in PA will be paying off my house this year (only $20,000 left).

So from funding balt city row houses to loudoun county :)

I'm looking into what it takes to buy my first house/multifamily property out of state.

Hi,I just got under contract on a 4 family house in NJ using an FHA loan.

Have you thought about renting out rooms in a house instead of STR or renting the entire house?