Nicole Lapin

Let's go through your three rules.

And then let's get into it.

So rule number one, if you're investing in real estate, which is different, investing in real estate is different than buying your primary house.

So how did you make a million dollars the day you closed?

I feel like those deals are always more expensive.

It's never what they suggest.

You know, it was over time.

Well, we're definitely having a party at your house, but for somebody who isn't looking for a $5 million steal, let's come back to earth and say, you know, we're out there, we're looking for a place.

The number one rule you have is buy where you know and what you know.

So explain that.

Let's say you are though in a really expensive market like LA or New York and you know that, but you can't afford that.

I'm not sure if that's the best move for everybody, but we can debate it in a moment.

Let's put a pin in it.

Let's go back to number two.

So make sure it's value add.

You're following the cool kids.

So the third one is look for cash flows.

That still applies for your primary house?

And a 1031 exchange, very sexy on TikTok right now.

I do hear a lot of people talk about it with their primary house, but it's intended for investment properties.