All Forum Posts by: Danielle Tran

@Bradley Dosch Hi Bradley, I'm curious did you purchase a condo/townhouse and then do a 1031 exchange for a SFR when you were here in CA? That was the other option I was considering to pursue.

@Josh Alexander The only reason why I am considering OC is because I would like to use the benefits of a primary residence rather than a vacation/second home. Whenever I run my numbers, it always isn't the best in terms of cash flow. The only reason why I would still consider purchasing a place in OC that doesn't have good cash flow is because I hope appreciation later on will suffice. I also know I would want to live here for many years.

I have considered purchasing a property in Las Vegas instead as the same amount of money I use to purchase a 2 bedroom condo can be used to purchase a full two story house with 3-4 bedrooms. However when researching the market and speaking to other investors, they say the rentals do not increase as much as price of homes. I have been in limbo of where I would like to purchase my first property. 

@Theresa Harris I am not sure why the HOA is lower in this community compared to others. I am not sure if it would allow me to rent rooms while I live there however in their FAQs, it specifically says "No Airbnbs allowed." What do you mean by "special assessments?"

Hello Bigger Pockets Community,

I would really love to get the advice from those who understand the Orange County, California market. I am just starting out and would love to invest in a property here in Orange County, CA. I have saved up enough to qualify for a condo/townhouse. I would love to invest in a single family home or multifamily property however I am unable to afford that at this time in this location. Since this will be my first property, I would prefer not to ask family or friends for help financially. I would start off with either house hacking or use an FHA/conventional loan where I live in it for one year and then rent it out after. I know it has been mentioned many times to not invest in a property that has an HOA however if I purchased a condo/townhouse, all of them comes with HOAs. I found a townhouse that has an HOA half the amount as all the other townhouses around the area. I am debating if I should jump on this opportunity to finally get started in investing in real estate or wait and save money for a single family home without an HOA. I keep hearing in my head "Time in the market is better than timing the market." I also don't want to become "house poor" if I choose to invest in a single family home. Would love to hear your opinions. Thanks!

Hello,

This is specific for investors located in Los Angeles County, CA. Does anyone have experience changing title of a property from a trust to an LLC? How did that affect your property tax? I tried to reach out to the tax assessor's office and they told me this is considered legal advice and I must reach out to an attorney. If you do have experience in this, do you have recommendations on attorneys who have experience in this realm?

Thank you for your time,

Danielle

Hello Jonathan,

Thank you for starting this post and offering your time. I am brand new to the real estate investing. I found this property in a great neighborhood near my house with a great opportunity to fix/flip. I feel this would be a great learning opportunity to learn how to rehab properties only if I am able to partner with someone who has experience. My ultimate goal is to learn how to BRRRR and keep properties for long term investing. What advice do you have for a beginner as myself to connect with other more seasoned investors to potentially partner on this deal?

Hello,

I am looking for a real estate attorney in Southern California in/near Long Beach, CA to assist in answering questions regarding LLCs. Does anyone have any recommendations on reliable (not to costly) real estate attorneys around the area? I am new to this community and trying to learn the ropes.

Thank you,

Danielle