Respectfully,-Oscar

If they do that, they transition from investor, or building towards being an investor, to small business owner and being their own boss/employee.The advantage of being an investor, a real investor, is you are able to establish multiple streams of independent income and the investment income requires oversight and monitoring but no active day to day work IN the business.

We considered many factors, some of which have already been mentioned.Condition of individual unitsPayment history of current tenantsMarket rentsLease expirations per unitLow rental seasonVacanciesThe first thing we realized was rents were definitely way below market, so there was definitely going to be a general increase, then based upon the previously mentioned factors, we evaluated each unit and respective tenant and made increases accordingly.

I'm looking to use my VA loan for a 4plex and once that's established build and sell new homes.

I know that every region in the U.S. would be different in respect to the "buy in" aspect of this, i.e, one region, you could have 5 investors contribute 20k a piece, and they would be able to buy a couple of properties.

You won't get "pre-approved" for commercial property as you do for residential property but you should establish relationship with a handful of lenders.

Always good to see more folks from Canada here.I'm of the same sentiment as Jon with respect to the session with the talking head: bring more than grain of salt and leave your money at home.

thank you for your response @Adam Roberts My partner does not have any established credit in this country.

First one in an area that does this wins, you'll be established first, do good and Realtors will love you.

I'm new-ish to the LA area, from Seattle originally, where I have participated in the purchase and build-out phases of a few successful establishments there, and hope to continue that streak of success, but as an owner/partner from now on.