All Forum Posts by: Daniel Jodrey

Hello BP, I am looking for a very experienced HUD real estate agent or broker that has extensive experience with bidding and buying HUD homes, specifically in the Southern California area. I am also looking to network with any HUD investors in California that would be willing to share stories and advice. My wife and i are looking to purchase and would do so as owner occupant, most likely with FHA loan. Thank you and cant wait to hear from you! Daniel

I would like to find someone who is experienced in HUD homes as well as Auction homes in this area.

@Cornelius Charles Hey Cornelius, i agree with you and we are more in this for the long term. We have every intention of actually living in our property at least for a year and put work in it while we are. You and your wife have been very helpful to me and i thank you both for that. Do you have any knowledge on HUD homes or auction/foreclosure homes and whats your thoughts on these? I feel like most HUD homes come through as owner occupant first so that could give us a huge competitive advantage i feel.

Hello all, I have been in Santa Barbara for roughly 4 months and learning about the market here and nearby. I have no properties at this time but have been taking the proper steps to buy my first. My wife and i have roughly 50k saved and have been researching and learning as much as we can. My overall goal is to buy a duplex or triplex that i am able to owner occupy. I know that there are some benefits for a First time homebuyer as well as owner occupany for loan purposes and other benefits. I just cant see any properties that would make sense with this strategy and i feel like in the end would still have a high mortgage and losing money. Please if anyone in this area can give me some insight. We have looked in Northern Santa Barbara Countu such as Lompoc and Santa Maria as well as southern near Ventura and Oxnard. Prices are much better but the numbers still dont seem to work. We have considered single family house and do a live in flip. Recently i have been researching HUD homes as well as Auction homes and feel like this could be a good Avenue to find something that needs work that we are absolutely ready to do, and have a lower price point. I would love to know anyone in this area that has dabbled in this. I know owner occupant has a big advantage for most HUD homes. Please any local investors give me your stories and feedback. I am ready to jump in this and am very passionate, just want to do it right. Thanks! Daniel

@Brian G. Hey Brian, what would you be looking for out of this property manager? Is it a single condo? How many beds/baths and where is it located?

Thank you all for the feedback! I am going to begin looking in these areas. My plan and desire would to put in a good amount of sweat equity into a place that has overall good foundation and no major major issues that will cost a high penny to fix.

Thank you @Cornelius Charles, I reached out to your wife and she is already setting me up with the MLS listings portal. once more we are going to be renting at least the first 6 months so anyone that knows any person renting in the area that can be of any help, please send them my way!

Hello all! I have been looking to transfer jobs for a while now and not sure where that is going to land me. My wife and I have been saving and are in pursuit to purchase our first investment. My job is looking like it will land me in Santa Barbara, CA. I understand how expensive it is here and dont know if it is even feasible to buy anything. I am interested to hear from some investors in this market. My love would be to house hack a Multi family but seems most places those numbers dont work out. we have also been on the lookout for a SFH and do a live in flip. interested in santa barbara, goleta, ventura, Los Angeles , any surrounding area where the market may not be so inflated. i also may need to rent in the first 6 months or so, so any advice on that or anyone may know someone in the area that is renting and can help me would be a blessing!!! thank you! Daniel

@Carrie Hiner What would be the strategy for that? Live in the SFH and while living make some improvements and then move out and rent or move out and sell? From what I have learned I believe I want to Buy and Hold and everything seems to point back to house hacking a multi family is a great way to get started. However from what i am seeing i dont know of any markets where the "numbers work" with this strategy. Ultimately I understand that I will not be cash flowing while I am living in one side but by hopefully living almost free, I can save with my W2 job and fund the next downpayment on the next property. What do you think? I see on basic searches in Round Rock seemingly nice SFRs around the 200k price range.

Hello all!

There is a good chance that I could be relocating to Austin Texas area for work and I have made the commitment that I will be buying my first multi family on my next move. I have done lots of research and reading/listening to many different resources and have a good understanding of what I want to do. My largest set back has been the market that I want to start in. I currently live in Miami and feel it is very inflated and overall don't like what I am seeing that I would get for 300k-350k. 

I know Austin is one of the fastest growing markets over the last few years but also know the market isn't anything near what California/New York areas are at. I also was researching in nearby suburbs such as Round Rock, that seems has some really nice areas for reasonable prices. I would love to hear from anyone in the area that could offer any advice. Ultimately if the transfer does happen I would need to find a place relatively fast.

I would be looking for a duplex (possibly triplex) for around $350k. I would like to do a FHA loan with 3.5 down as I would be living in one side and "house hacking". If this could be a prosperous area i think i would be ok to settle down for a good amount of years and grow my business there. It is a desirable area, no state income tax, ive heard lower taxes overall etc.

Any thoughts and help is appreciated!

Daniel

@Jimmy Cantave please pm me with details