Hi Everyone,My name's Chika, I am really looking to enhance my knowledge in real estate investing (I know absolutely nothing Lol) and hopefully with some hard work become financially free...any help will be great : )Thanks x

I recommend starting your research where you'd like to live - there are a couple of multi family listings like these: lakewood duplex & lakewood fourplexYou might find better returns in Hawaiian Gardens with listings like theseIf I were you I'd keep an eye on the MLS or redfin - and keep in mind that this is LA - most neighborhood blocks differ in terms of crime/quality of neighbors/rentersHave you tried getting the input of someone who is active in lakewood/downey?

My quality standards must be too high, in the video she says 'looks great to me', and I'm thinking 'it looks like crap!'.

How does that price compare to SIMILAR homes (year, size, quality, and foundation/slab) in the SAME park or location?

It usually is the lower quality properties that produce the higher cap rates.

@Curt Davis is with another quality group here in Memphis, so I appreciate him answering for me.

I have picked up high quality second hand couches most times and it helps because I am not replacing them all in one year.

Hopefully such regulation would wipe out 80/90% of the "program gurus" and would put authors of "information" under a microscope as to the quality of information, experience and expertise of qualified counselors.

$150,000 is a good price range, but by learning your market, you will have a better understanding of what a $150,000 price means in terms of the quality of property you can buy.

I'm sure you'll pick up more or even enhance to what your family has gone through with their parents.