All Forum Posts by: Aristotle Kumpis

Hi Dominic. Does the rental property currently have a loan on it?

I agree with Dan. I live in Orange County and have a friend who owns an vacation home near PB. It's gotten very over saturated with STR's in lots of beach areas of SoCal. Rates have dropped some due to competition. And there is a good chance they could do away with the nightly and weekly rentals, and only require 30-day minimum stays. That happened in Huntington Beach, where you can only have 30-day minimums.

Are you planning on staying in the house several times a year and using it? If not, there are other markets you could consider if you are just looking for the income/cash flow.

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Hi Stephanie. I actually live in Orange County. You also? When you say an investing business, are you referring to fix and flip? I would certainly not recommend buying and holding here because the numbers don't work with 25% down. And the landlord laws are terrible in CA. Also, the entry point is very high. The average price of an SFR is over $700,000. I would recommend you look in other markets.

Thank you for the advise Aristotle! Yes, I live here in OC. What markets did you start out in? I’m thinking of being active in wholesaling and flipping. 

@Stephanie Lopez: I am a buy and hold investor, so I don't do active investing. I currently own rentals in Alabama, Tennessee, and Indiana.

You’re in Lake Forest? Me too, we are neighbors! What would you recommend how to get started when I am limited with money? 

@Stephanie Lopez - Small world! It really depends on what your goal is. Are you trying to replace your income today? Or are you looking to build long term wealth? Buy and hold is a long term strategy, while it's mostly passive. And flipping is more active and requires a lot more involvement.

 I know! Do you ever attend any local meetups or networks? Yes, to the first part, income today and building long-term wealth in the future. 

@Stephanie Lopez - I don't attend local meetups or REIA's much anymore.

Quote from @Stephanie Flores:

Quote from @Aristotle Kumpis:

Quote from @Stephanie Flores:

Quote from @Aristotle Kumpis:

Hi Stephanie. I actually live in Orange County. You also? When you say an investing business, are you referring to fix and flip? I would certainly not recommend buying and holding here because the numbers don't work with 25% down. And the landlord laws are terrible in CA. Also, the entry point is very high. The average price of an SFR is over $700,000. I would recommend you look in other markets.

Thank you for the advise Aristotle! Yes, I live here in OC. What markets did you start out in? I’m thinking of being active in wholesaling and flipping. 

@Stephanie Lopez: I am a buy and hold investor, so I don't do active investing. I currently own rentals in Alabama, Tennessee, and Indiana.

You’re in Lake Forest? Me too, we are neighbors! What would you recommend how to get started when I am limited with money? 

@Stephanie Lopez - Small world! It really depends on what your goal is. Are you trying to replace your income today? Or are you looking to build long term wealth? Buy and hold is a long term strategy, while it's mostly passive. And flipping is more active and requires a lot more involvement.

Quote from @Stephanie Flores:

Quote from @Aristotle Kumpis:

Hi Stephanie. I actually live in Orange County. You also? When you say an investing business, are you referring to fix and flip? I would certainly not recommend buying and holding here because the numbers don't work with 25% down. And the landlord laws are terrible in CA. Also, the entry point is very high. The average price of an SFR is over $700,000. I would recommend you look in other markets.

Thank you for the advise Aristotle! Yes, I live here in OC. What markets did you start out in? I’m thinking of being active in wholesaling and flipping. 

@Stephanie Lopez: I am a buy and hold investor, so I don't do active investing. I currently own rentals in Alabama, Tennessee, and Indiana.

Rentcast.io is also a great tool. I would recommend you check that one out.

Hi Stephanie. I actually live in Orange County. You also? When you say an investing business, are you referring to fix and flip? I would certainly not recommend buying and holding here because the numbers don't work with 25% down. And the landlord laws are terrible in CA. Also, the entry point is very high. The average price of an SFR is over $700,000. I would recommend you look in other markets.

I'm seeking out investors who are interested in the long term, buy and hold approach. Buying and holding has many advantages. I have access to off market turnkey homes, and some new construction as well. I have been in the business for 15 years and bring a wealth of knowledge and experience. I can also pay a small referral fee when something closes. Thanks.

This property is fully renovated. Asking price is $165K. Just rented for $1650 per month.

Here's another turnkey home for sale in South Bend. Asking price is $152K. Estimated valued at $160K. Rented at $1450.