Along the way, I've been diligently saving and building my credit with the dream of owning my first property.

I'm actually about to replace the front door on my apartment building and was probably going to go with Fiberglass. 

Obviously if it was more than like an 8 unit building it might be best to hire a management company.

You must analyze all the data (size of properties, # of properties of each size, location of best producers, regulations, # building permits for that size issued in the last year)3.

It's a scarcity play" What he meant is we purchased land value.for example in Cupertino we had 384 sqft sold for 1.7 mil , purchased probably by developer that want to build house there and selling for 3-4 mil.This is the exception of the game, if we purchase in Cupertino yes the yield is better than CD but if compare to … somewhere in Iowa maybe CD is better

However, if they perceive this financial loss as tuition for their new career—a valuable part of their education in real estate—they are more likely to succeed.

Is building an ADU a good idea right now, or ever in this area?

In terms of mitigating your risk - particularly if you buy a condo - consider a newer building, steel or masonry construction, a unit on Floor 3 or above where Flood insurance wouldn't be necessary, larger buildings where costs are spread amongst more owners, and buildings with a financially healthy HOA (track record of good management, reserves in the budget to cover large capital expenditures, etc).

Additionally, networking with experienced wholesalers or joining real estate investor groups may provide valuable insights and resources for obtaining wholesale contracts tailored to your specific needs.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $1,600,000

Cash invested: $1,600,000

Residential Home used for reality Television filming

What made you in...