Quote from @Stephen Morales: Quote from @Dan H.: I have been to 3 BPCon.  

Hey Stephen Morales . 

That is a terminal trajectory.I don't know what the solution should be, but I think that turning a consumption-based economy (70% of GDP) into a production-based economy is no small feat.

@Stephen Morales it is vacation rental home (or second home) we've used it for vacation time, family and Airbnb in winter during season.House is in Big Bear CA Sugarloaf, about 1000 sqf, 2 bed 1 bath large living room area all remodeled. there is also adjacent lot as part of the property where another house can be built or sold as separate lot.My agent said we could sell it for 375k, the remaining loan balance is 258k and I would ask for 40k buyout.Loan is FHA with interest 2.448%, loan payment $1800 a month, and my agent said we could rent long term for $2100 a month.Loan is assumable (already checked with the mortgage company) and my partner said she would coordinate with new buyer for either her to assume the loan or new potential partner.

Quote from @Daniel Jodrey: Quote from @Stephen Morales: @Daniel JodreyAs some others have said, house hacking is the way to get started here.

Quote from @Stephen Morales: Quote from @Adonai Howard: Hello there!

@Stephen Morales I am learning more and more that wholetail is a good strategy to use.

Quote from @Stephen Morales: Hi Sam, I think that's fantastic that you're looking at getting a head start in RE.

Moral of the story to all of us is that we always need to do our own due diligence and be cognizant of who is on the other side of the transaction and their possible motives - usually $.

Quote from @Stephen Morales: I would look into building targeted list using a some property software.