All Forum Posts by: Cezar D.

Maybe this help someone, but here's a simple website I put together that has real estate and construction terms as well as some links to differect cities permitting offices. https://www.aduglossary.com

 Thanks, I'd hit you up. Be great to find honest contractors that don't try to rip off investors.

@Nick Giulioni what's your exprience with working with local contractors in Indianapolis? 

Hey Elaine,

I live in San Diego and the market here is pretty nuts. But I consider it a motivation to get wealthy.  I'm not from cali and already knew markets elsewhere made more sense. So I did a bunch of research. That's how I discovered bigger pockets.  I messaged Ali since she's doing what I want to do and seems to have good grasp on the more passive part of real estate. 

I ended up getting a turnkey in Indianapolis a few months ago and it was an easy process. No problems and the PM company the turnkey came with has been working out.  I'm looking forward to buying more.

My situation is that I moved to cali to have fun and be active.  I have no interest in real estate and no desire to make deals or really be involved in any of the process.  Real estate to me is a way to fund the lifestyle i want and not have to have a job. I have other pursuits and goals and those require money, lol.  All that being said i need an investment option that lets me as hands off as possible. I can earn more in my job and just invest it so I'm not too concerned about a turnkey earning a bit less if it's more hands off, since I'd just be acquiring more and eventually scaling up.  

So I had to be able to trust a turnkey company to a certain degree.  Do all the research you can online and then pull the trigger with one property and go from there.  If I have to fly over there to check the property then that turnkey company is a not going to work out for me.  The numbers don't work out if you include travel nor do i have any desire to be involved in the day to day operations.  Now if your personality is that you enjoy real estate and want to travel and as you stated "personally check out properties".  Then maybe turnkey isn't for you. You can still invest out of state without a turnkey company, but you'd be much more involved.  

Thanks for the replies. I was a bit busy to log back in, which is also why I'm shying away from any flips or large rehabs. I don't have the time to do alot after my day job and alot of the condos/townhomes in SD require rehabs or construction only be done during business hours.  SFHs in SD in the area I'd like to live are really expensive.

Yeah, 2-4 unit properties are nice, but i haven't found any in SD that i could afford. Also I recently found out one of the HOA guys owns a bunch of units in the same complex mine is in. I might be able to get one from him off-market.

I still plan on using regular loans for out of state investing. Looking hard at MemphisInvest. Just figure with the benefits of 0 down the VA Loan might swift the numbers in SD which normally are crazy.

Definitely would appreciate looking over the numbers again.

I'm still trying to figure out the SD market. Think the VA helps as stated previously because the buy in for even the cheapest place is high and 20% down is tough to come up with. Also rent it so high, it seems like a waste paying 1-2k on the low end when that could be going towards a principal payment and getting tax breaks.

I am saving up to invest out of state but thinking of also leveraging the VA loan locally. I just bought a condo last year and doing some additions to raise the value for both sale and rent. I'm not sure if i should sell or rent out after i move to the next place. I was planning on possible converting the loan to a VA IRRRL loan which will allow me to rent it out as well as free up the VA loan for the next place i live in. Though finding a halfway decent place that's under 500k is difficult. Places where I'm looking that are under 500k are usually condos or townhouses that have HOAs of 300-600, so that affects what you can afford.

Has anyone done something like that in the San Diego area?