All Forum Posts by: Albert Gutierrez

Thanks man, how could I get a home owner insurance quote?

only water is paid by the landlord according to the RE agent as all units have separate utility meters, and the $150 for home owner insurance I agree is conservative, not sure how much it would be but I could request that info and I'm not sure what the real number here would be

I'm looking at a property where I think it would make financial sense since I could somehow house hack it if the number's make sense and there would be no cash flow (or maybe there would be) and I would skip on paying rent and starting my venture in the RE investor world.

4-plex for 750k

(All costs per monthly basis)

Mortage $3,402

PMI $451

Taxes $781

Home Owner Insurance $150

Utilities $150

Maintenance and Misc $200

Income from Rent $4,425

Total $709 /month

Now my question is, I'm planning on living with my girlfriend and splitting the remaining $709 by two, and we are trying to get a conventional loan with 5% down (that is how I calculated my costs) which brings me to the grand total of $355 per month for an asset in Southern California, what do you guys think?

I'm also interested to know the tax benefits, the depreciation of the asset on the tax side and any other benefits that I would gain from this investment, if anyone can input with real world experience on a similar scenario it would help tremendously

I'm looking at a property where I think it would make financial sense since I could somehow house hack it if the number's make sense and there would be no cash flow (or maybe there would be) and I would skip on paying rent and starting my venture in the RE investor world.

4-plex for 750k  

(All costs per monthly basis)

Mortage $3,402

PMI $451

Taxes $781

Home Owner Insurance $150

Utilities $150

Maintenance and Misc $200

Income from Rent $4,425

Total $709 /month 

Now my question is, I'm planning on living with my girlfriend and splitting the remaining $709 by two, and we are trying to get a conventional loan with 5% down (that is how I calculated my costs) which brings me to the grand total of $355 per month for an asset in Southern California, what do you guys think?

I'm also interested to know the tax benefits, the depreciation of the asset on the tax side and any other benefits that I would gain from this investment, if anyone can input with real world experience on a similar scenario it would help tremendously

any area in los angeles county to orange county

Anyone here in SoCal that can help me with access to the MLS? I'm looking for small Multifamily (4 units and below)

Anyone here in SoCal that can help me with access to the MLS? I'm looking for small Multifamily (4 units and below)

Other than the MLS anyone know how to look for good deals?

What are the requirements for the group? I'm newish (maybe 1 year of actively looking and knowing terms in RE) 

I'm open to negotiation on time and price, if it makes financial sense than I will make a move, so no time frame for me