I'm exploring different options for building on vacant land here in CA and am very intrigued by pre-fab home designs (Walls etc.. are assembled in a factory and shipped to site).

Or let me know if other ways to incorporate into Real estate efforts.  

I have had this goal of buying my first duplex and have talked to real estate investors, realtors, lenders, appraisers and have been encouraged so much to where I am anxious to dive into this.Now that I am 18 I have absolutely no debt, a credit score of 727, I have 28k sitting in a certificate of deposit, a couple years of working consistently under my belt, I’ve also been investing in my Roth IRA, I feel very blessed to be in this situation.I am still in high school, I know it wouldn’t be smart to buy a house right now but something in me is so anxious to buy this house I know I have to have patience but I don’t know if I should start the process of getting pre approved, finding a good investor friendly realtor, lender, preparing my documents or if I should just wait.When analyzing deals in my market I have crystal clear real estate deal criteria my strategy is house hacking a duplex, price range of 500,000-600,00 in Salt lake, Utah! 

Listed it on Furnished Finder, Facebook, AirBnB, ZillowAs a long term rental, in one day, I got 10 contacts, 7 out of whom filled out my pre-screening questionnaires and disclosed their income, etc and at least 4 of them scheduled a showing for this week. 

Chris I think they can get a deficiency even on a primary.. at least it was that way pre 08 as I had a few clients that were buying RE from us that had that issue trying to relocate and were under water in Texas.. 

We have set up filters and find some pre-foreclosure and foreclosure properties in our area which we want to look further. 

My investing journey literally started with properties falling into my lap pre-2013 so when I started hearing all these terms I was confused.

Analyze deals, get pre-approved for financing, and set goals.Good luck!

It's so beyond what my pre-investing brain can comprehend that doing another $20m loan for a $30m property feels 'meh'tldr:  Don't let it bug you if your goal is to have a large portfolio.  

To prepare:Line Up a Cost Segregation Specialist: Reach out to a reputable firm now so they can review your property soon after purchase.Document Pre-Purchase Costs: Any fees or improvements related to acquisition should be organized for easier allocation.Tax Strategy Planning: Consult your CPA to align this with your overall real estate strategy and optimize benefits for 2025.This post does not create a CPA-Client relationship.