All Forum Posts by: Daniel Cuevas

I have yet to purchase a property and I'm considering house hacking in the San Fernando Valley, but of course I am limited in funds for the area. I am going to need a new place soon and I see that as a great opportunity to purchase an investment property. 

I have $15k to spend leaving me with $5k as a small cushion. I would like to get a multi family here but I would be looking at a $600k price tag for a Duplex or Triplex.

Any suggestions on Financing? 

I'm trying to work out the right deal but I am also unsure of the rents and what would be reasonable. 

@Jon Q. I love it! Very inspiring, thank you very much I really appreciate it. My goals are clear to me, all I have to do it figure out how to get there!

@Kristopher Hanks I agree, his stance I believe comes from people who's life profession is exclusively sales, sales that can potentially earn people that much money. PIMCO?

@Sri Voodi I hear you but at the same time there are ways to get a decent property out in L.A. with little to no money down. 

@Mike Reynolds Haha nice, I like the way you think

@Account Closed Was that first deal a flip? Why would it have been better if you leveraged?

So many awesome responses!
@Mike Huang That's great that you have that relationship! I agree that the financial status is the point that these people are going towards as well, if you are able to produce that kind of money then it will be easier for you to obtain again 

@John Mathewson Right, he is talking about multifamily units and I agree with that concept because If you pour your money into a single unit then when you're vacant, you're 100% vacant where everything falls on you. 

Once of my favorite entrepreneurs would have to be the one and only Grant Cardone. So naturally I listen to his podcast and follow a lot of his material. One number that he continuously brings up is $100,000 and once you have that kind of money in the bank, its time to start to invest. Which in some aspect I do agree. A 10%on $5000 is just $500 where the same on $100,000 is $10,000, which is much more interesting. 

This ideal comes up quite a bit with other motivators and entrepreneurs, to get first things first and make the money before you invest it. 
This website clearly breaks that mold so the question is, what do you think is the best route? To make all the money and then figure it out or to make some small amounts and work with that? What experiences can you provide with both ends?

@Linda S.Thank you this clears some things up, I appreciate the feedback 

Wow @Lucas Machado thank you for the information I'm definitely going to start moving forward and I'm looking forward to some great deals!

When looking to purchase a property what should I look at and take into account in regards to making the purchase price make sense?
I'm planning on house hacking in California, hopefully an duplex or triplex and I want to make sure that I'm taking the right things into account.