All Forum Posts by: Account Closed

@Calvin Kwan

Hey Calvin I recently purchased some great appliances for my property in Stockton. I got them on offer up. They are second hand but came clean with a warranty and they look and work as if they’re brand new. Saved over $2K with the same look. I find the best deals Craigslist or offer up

@Andy Eakes

Thanks Andy I’ll definitely take all that into consideration and be picky and selective with my next tenants. I’ll probably do month to month with a guarantee that I won’t raise rents for the following 12 months

Btw I’m jealous you’re in SD. Lived there for 4 years and miss it every day lol

I just purchased my first property and will be looking for tenants to move in. Due to the economic climate and high percentage of people not paying rent, would it be smart to rent by the month or 1 year lease? My concern is having a tenant that refuses to pay rent and is tied into a 1 year lease vs having a month to month contract where I can have them leave the following month if we can’t find common ground. Please let me know your thoughts on this! Thank you!

@Brian Ellis that’s awesome and inspiring! Congrats! You’ll kill it

@Jaafar Mirlohi thank you! And wow that’s an awesome quote definitely going to be stealing that

@Hobie Day thank you!! definitely going to have to join those meetups

It’s right behind Edison HS - I’ll be driving out next week to familiarize myself a little more with Stockton. That’s awesome The UoP area is really nice.

Sounds good I’ll be posting the rooms on FB marketplace and craigslist

Super excited for this whole process

@Hobie Day yeah it went by pretty quick! It was about a 2 month process. Purchased in Stockton CA! How did you find your tenants for your property?

@Hobie Day that’s awesome yes I agree. Closing this week now so looking forward to renting out the rooms. Right on man thank you!

Hey everyone newbie here

I just bought my first property using an FHA loan with down payment assistance. I plan on buying another property within a year. Can I do a 1031 exchange into a fourplex with an FHA loan or should I refinance or take out a HELOC?

Or are there any other methods worth reading up on?

I genuinely appreciate the advice

@Dave Spooner I agree thank you!