All Forum Posts by: Adam Pierce

thank you so much for hosting. I learned a ton of great info and I'll be sure to be at the next one!!!

 Good advice. Thanks for the help!

Happy Friday the 13th BP!

At this moment, I am currently in the process of saving money for a down payment to purchase my first home.

I live and work in Orange county California where the average house is selling for at least $500,000, which happens to be a little out of my budget. 

I've been thinking about house hacking into a condo to get started and I wanted to ask you guys if you had any advice on how to acquire one below fair market value. 

Also if you guys have any information on what I should look out for, be prepared for, or any other useful advice for a new investor I would definitely appreciate it. 

Thanks and have a great weekend!

Hi David, 

I can't speak from a position of experience but from what I understand (and after analyzing several properties in SoCal), you can get just about anything to cash flow but it depends on how much you are leveraging. I think a better question to ask your mentor is can you obtain a favorable cash on cash ROI in SoCal.

Saturday at 10 works better for me

Are all of your deals cash only?

I'm experiencing the same thing here in orange county ca. My strategy is going to be saving for a year and house hacking. That may be your only viable option if you are stuck to that area.

Hi I'm from Fountain Valley / Huntington Beach but wouldn't mind driving out, those cities aren't too far.

@Justin Fernandez Thanks for the info! I'll check Wendy out today. 

I appreciate your reply.

Hi BP! 

I have a question in regards to the legalities of lease options. 

I would like to help future home buyers get into a property that I'm controlling through an option. I would also like to profit when my client eventually purchases the property.

Do I need to get my real estate sales person license to do this operation in CA?

Also does anyone have any good guides or advice on getting started?

Thanks!

Thank you!