All Forum Posts by: Armando Carrera

Hi everyone,

Wife and I just closed on our second property here in the west valley area of Phoenix. Yes the rates are high, but we can still afford this home (450k) with our little salaries. We gave 25% down. 

We are only 32 and 35 years old. We both grew up in paycheck to paycheck households all our lives. But being a bit smarter with money can help you save tons. 

We refied our first home when the rates dropped now we just owe 140k/12 years on it that will cash flow $400 a month that will help ease the mortgage on the new home. 

Basically what I’m trying to let everyone know, that 2 like minded, motivated people can achieve great things. Once (hopefully) rates drop we will be looking into purchasing a third home.

btw, I used a realtor I met on BP and he is awesome! Young energetic guy, contact me if you’d like his info. 
Sorry for being all over the place, we’re just super excited for another opportunity 

I appreciate everyone’s input! Love learning and getting information from pros in the industry. 

Hi,

Wife and I are ready to purchase our next home. We can do the 20% down on most homes we’re interested in. Can I/should shop with different lenders? I’ve used the same lender for a couple of homes but have never looked outside for second options…

Let me know your thoughts 

thank you everyone 

Hi,

You can reach out to Doug Finley at Orion structural group. They’re based out of Thousand Oaks 

Hi everyone, 

Wife and I did some investing in Arizona a few years back but pricing boomed the last few years and priced us out for the most part on future investing. Where do you guys recommend to invest where pricing would be in the neighborhood of $200k? Ive always done 10% down and would do the same if there's something for us to invest in.

Any tips as to where to look would be appreciated.

Thank you!

 Hey Joseph,

Yes I do

I have done manufactured homes as ADUs here in Southern California. I have completed 6 total ADUs in my local area in the past 12 months. They average from 600-800 sqft. Not including permit fees, such project will average about $150,000. I haven't come across a project where it's under $200 sqft. More and more people are getting encouraged to look into the manufactured home way as a method to do their ADUs. If you have any questions regarding this side, please let me know.

Thank you

 Hi Michael 

I hear you (and everyone else), I have well over the necessary 20% down in the market I’m interested in. I just really didn’t want to use it up since I have other plans as well. 
thank you all

 Hi Josh,

Appreciate the quick response. I dont want to commit a felony or fraud or even less go to prison. I will totally not ever consider such an idea...

Thank you!