In this week's episode of the "Live Life by Design" podcast, our hosts dive deep into the concept of finding your investment strategy within the real estate investment world. The discussion is framed around the idea that just as one finds their "investor ID," they must identify the market that aligns with their strengths, preferences, and financial goals. The episode touches on the importance of choosing the right strategy—whether it's flipping, holding long-term, or short-term rentals—and how different strategies will influence the criteria for selecting properties.

Our hosts share personal stories to emphasize the process of discovery in real estate investment. They also stress the importance of patience and learning from each deal, recognizing that it’s okay not to have everything figured out at the beginning. Success in real estate, they argue, comes from continual learning, adaptation, and sticking to strategies that align with one's investor identity and market preferences.

The hosts highlight how important it is to be honest with oneself about what works and doesn't work, as this clarity can significantly impact long-term success. They also emphasize the value of surrounding oneself with knowledgeable mentors and partners to learn and grow.

- Links -

To learn more about Become An Investor -- > www.BecomeAnInvestor.com

To learn more about Foreclosures -- > www.fliphouseslivelife.com/foreclosureebook/

Follow on Social Media -- > @BecomeAnInvestor

In this week's episode of the "Live Life by Design" podcast our hosts discuss key legislative changes affecting tenants and landlords in California. They review various bills that have been passed in recent years, including those related to eviction protections, tenant rights, and the handling of security deposits.

One major discussion point revolves around the "just cause" eviction protection, which requires landlords to provide a valid reason for terminating leases, complicating the eviction process. Our hosts share insights into how this impacts landlords, particularly when dealing with tenants who may damage property or fail to pay rent. Another significant topic covered is the protection against retaliatory evictions, where landlords are prohibited from evicting tenants for exercising their legal rights, such as reporting code violations.

Throughout the episode, there is an undercurrent of frustration with the balance of power leaning too heavily in favor of tenants, especially since the COVID-19 pandemic. Our hosts share personal anecdotes and opinions on how these laws can sometimes put landlords in difficult positions, particularly with eviction freezes and rent relief programs. The episode closes with a call for better communication between tenants and landlords and an emphasis on being informed and respectful of the new legal requirements.

- Links -

To learn more about Become An Investor -- > www.BecomeAnInvestor.com

To learn more about Foreclosures -- > www.fliphouseslivelife.com/foreclosureebook/

Follow on Social Media -- > @BecomeAnInvestor

In this week's episode of the "Live Life by Design" podcast, our hosts discuss recent legislative changes in California that are significantly impacting real estate investors, particularly wholesalers and house flippers.

The episode focuses on a detailed breakdown of 15 new legislative measures, with a strong emphasis on how these changes could affect business practices. Notably, bills such as AB 968, which mandates wholesalers to disclose their status to potential buyers, and SB 9, which allows for duplexes to be developed in single-family zones. Our hosts also touch on issues like affordability, rent control, and the complexity of dealing with local and state-level bureaucracy. They express frustration with the corruption that can influence legislative processes, citing the influence of lobbyists and big corporations.

A key takeaway from the episode is the importance of due diligence and staying informed. Our hosts urge listeners to be proactive in understanding how new regulations will affect their businesses, emphasizing that ignorance of the law is not a valid defense. They also encourage a mindset shift from transactional thinking to creating long-term wealth, underlining that success in real estate is not just about quick profits, but sustainable growth.

- Links -

To learn more about Become An Investor -- > www.BecomeAnInvestor.com

To learn more about Foreclosures -- > www.fliphouseslivelife.com/foreclosureebook/

Follow on Social Media -- > @BecomeAnInvestor