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  1. chriswillmorris

    Why SF rental properties are bad investments, and why Fastlane is the better alternative

    HOT! REAL ESTATE 
    2024+ has been just about the worst time to get into SFRs, as the cost of buying vs renting is about as lopsided as ever. Doesn't mean that won't change, though! As an alternative perspective to most of the posts in this thread, I bought a SFR in Los Angeles in 2016 and started renting it out...
  2. chriswillmorris

    Why SF rental properties are bad investments, and why Fastlane is the better alternative

    HOT! REAL ESTATE 
    You have had multiple evictions on a duplex in 3 years? That is above average, and would definitely dampen returns!
  3. chriswillmorris

    high W-2 income earner looking to become independently wealthy via adding rental units to properties

    INTRO 
    Not really any detractors. I have two single family units that I am renting out right now and am in the process of building my first ADU, so I haven't got clients yet for it. I'll list my units on the standard websites to get clients. Thanks for the well wishes. My wife's illness is just about...
  4. chriswillmorris

    high W-2 income earner looking to become independently wealthy via adding rental units to properties

    INTRO 
    Anyone who wants to rent my unit can, assuming they meet my (legal) requirements. It's simply that it is mainly traveling nurses and professionals who are looking for a furnished rental for 30-90 days.
  5. chriswillmorris

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    I read the book.
  6. chriswillmorris

    high W-2 income earner looking to become independently wealthy via adding rental units to properties

    INTRO 
    Yes, regulations are most definitely loosening significantly around real estate development. The loosening started in 2017 and has continued. It is quite the opportunity, but it takes a lot of work. :-) Landlord laws are stricter than other places and continue to get stricter over time, but...
  7. chriswillmorris

    high W-2 income earner looking to become independently wealthy via adding rental units to properties

    INTRO 
    My high W-2 income is my real estate 'cheat code'. I am pairing it with loosening regulations around real estate development to add rental units to properties. Without that income, it would be difficult to fund the developments. The goal is to have enough passive income so I can quit my W-2 and...
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