@teslaownersSV@elonmusk@Tesla In Riverside, CA it took me 12 months just to get a building permit for a single family house on an empty lot in a built out neighborhood… and the building dept bragged how fast they got it done.
@teslaownersSV@elonmusk@Tesla In Riverside, CA it took me 2 years to get a building permit to build 1 bedroom apartments… in a building that was previously… 1 bedroom apartments.
Real estate market going down. Equity evaporating. But you know what isn’t slowing down? Rental income. It’s still a STRONG landlord market. And still a great time to buy income property.
@elonmusk The time to add rentals to your portfolio is now. If you wait for the “bottom” you’ll miss it. Dollar cost average your way into a pile of $5-10M worth of houses and refi later.