All Forum Posts by: Andrew Pierce

I'm looking to get my first property and ran into the strategy of using shared equity down payment assistance programs. My question is what are your thoughts on these strategies are they worth it or is there more downside that i am not seeing. 

There has been a lot of chaos going on in the state of California, and I believe that these events may impact the housing market in a negative way. Especially since a lot of renters and homeowners are migrants. Do you believe the mass deportation of immigrants will effect the housing markets in California? Why or why not? This is not a question about the morality of the situation just the economic impact.

California home prices have been high consistently for a while now, do you believe home prices will ever go back down? Why or why not?

My first Question, As someone who is completely new to real estate, would you recommend that i get a real estate license? I have taken a real estate finance course in school and i currently work as a banker so i have some knowledge on financing although extremely minimal. I have also watched many different youtube channels on real estate but i still feel like from an investor standpoint i don't understand real estate and i am considering taking a real estate license course just so i can understand real estate more. Essentially my question is does having a real estate license help you as an investor?

My second Question, I have constantly read books on self improvement and i am actively trying to improve. One thing that i hear a lot of from successful people is that its essential to have a mastermind group, or be surrounded by people who are also trying to improve. I am currently 22 and i feel like a lot of the people my age that are around me dont have the same mindset. My question is for people who are surrounded by others who are also trying to improve how did you find them? I hope my question makes sense and i know its not about real estate but i was curious.

I'm new to real estate and I don't have too high of an income but I have no debts. I currently live in California and I know that it's not in my buy box to afford anything here. I have been looking into other states to see what I can afford and different lending options and I came across the fha multi family, hud incentive programs, and hop loans which help you as long as you live in the property. Anywho my question is would it be too ambitious for me to move to another state for a year to buy a multi family home as my first real estate property and rent out the other units? Also with all the incentives for renting to low income and section 8 tenants would the benefits outweigh the risk of getting a bad tenant? 

Hi my name is Andrew, I'm a 22 year old retail banker here in California. I am looking to start getting my first rental property, I've been wanting to get into real estate but i always felt that i couldn't afford it but i have decided that its time for me to get serious about it. I have had a hard time identifying an affordable market for me because California definitely isn't affordable for me. I have given myself 1 year to save for a down payment i can realistically have 30k saved by next summer. I have been hearing a lot about no money down deals but don't understand them or how to acquire one. I really would like some advice on how to get started. I have watched thousands of YouTube videos by Robert Kiyosaki and Grant Cardone and it feels like they talk a lot about finding deals and getting into real estate but they don't say how. I want to start building my portfolio as soon as i can but i know its good to be patient. I honestly feel like a headless chicken listening to thousands of different advisors or "Gurus". Any who, that's my spiel, i look forward to being part of the community, Today is the day when i finally ask for help in my wealth journey.