Real estate investing is a great way to build wealth, but it is important to stay ahead of the curve when it comes to rate changes and other important factors that can influence your ROI.

Your goals will influence your investment strategy.Create a Budget: Analyze your financial situation and set a budget for your real estate investments.

If done right and the area supports that type of living accommodation (permitted and acceptance), it can work but most people will see it as a converted garage (hence the done right part) and rentability will be impacted.We have looked at doing that on a few properties or building and ADU to boost cash flow but the numbers did not work so we passed and found something else. 

I get to bounce ideas off him, he verifies that I'm doing things correctly, he looks over deals I get and he's a huge confidence boost.

New: Roof, kitchen, bathroom, flooring, appliances, HVAC, plumbing, electrical etc.Originally the property was a 2BR 1BA however I stole some space from the living room to add an additional bedroom.I knew I would need that additional bedroom when I went to do a refinance and the appraisal would boost my value if it was a 3BR instead of a 2BR Total renovations cost me $40KI got the property rented out for $1,285/month Let’s Recap $78K purchase + $40K renovation = $118K Total all in cost + private lender costs oh by the way I didn’t use any of my own money 💰 a private lender funded the entire purchase price for me!

If you're not yet an accredited investor, buying some rental properties can boost your net worth.But, as always, it depends on your situation.

There are many factors that may influencing this  Maybe you can get a local investor to help you figure out your best way to recruit renters. 

This would have a heavy influence on my answer. 

**Take Advantage of Catch-Up Contributions**: If you're 50 or older, don't forget to make use of catch-up contributions to boost your retirement savings.2.

To my knowledge none of that has been a direct influence on any policy changes, and I honestly can't recall the names of the folks I've met with.