All Forum Posts by: Alex Gonzalez

@Preston Dean I agree. After writing the details out in this post and reading it back, I realized it didn’t make much sense to shell out quite a bit of capital with the hopes of breaking even on the mortgage in the future. Thanks all for your input!

In a pickle. I’ve been looking to move out for about a year now. My partner and I are considering renting vs buying. We are currently under contract on a duplex (2 separate home on 1 lot) here in CA. One home is currently being rented and the other we would live In. The homes are live

-able but need some updating. 1950/1980 around 800~ sqft per home. Cost to rent in the area is around 2k per month. Mortgage cost is around 2600 after deducting current rent. We would be out of pocket around 70k at closing and this does not include any updates on the homes. Hypothetically, we could refinance in the future and up the rent after some updates and break even on the mortgage if we moved out and rented both units out. Wondering if it would be a good idea to buy now or rent and wait for a better opportunity to come. Any words of advice?

@Edgar Ehrsam

I’m just now finishing school and I’m my opinion, there are pros and cons to both. If you continue with school you will remain motivated to succeed, as school demands that of you. But on the other hand, you might be working towards something that has nothing to do with your true goals and might instead push them back or delay them quite a bit. If you have opportunities to begin investing now, I would say look for a well paying full time job now, and jump right in (that is if you are completely sure that this is what you want to do and will do). Of course college will teach you great things but to add, many times, after college comes grad school and so forth.. which might seem like a never ending journey (rat race journey) that may come in the way of your investing goals.

(Of course, this is my opinion as a new grad)

Thanks Cameron, I’ll let that simmer in and see what skills I have now that may beneficial for someone!

Hi, I am a real estate newbie from Socal! I have been learning all I can, in the recents months, about the different sorts of investing. Ultimately, I have realized that I would soon like to invest (long distant) in the near future. Therefore, I was curious to see what help/job I can provide to an investor In exchange for knowledge. Thanks!