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All Forum Posts by: Elias Munoz

Elias Munoz has started 11 posts and replied 49 times.

Post: Anyone investing in Lompoc,CA

Elias MunozPosted
  • New to Real Estate
  • Santa Barbara, CA
  • Posts 51
  • Votes 12

@Allen Maris Yes that's what i heard from couple friends that live up there. I been driving up there lately and checking out those areas before going all in. Thank you for the info

Post: How to buy in a expensive market

Elias MunozPosted
  • New to Real Estate
  • Santa Barbara, CA
  • Posts 51
  • Votes 12

My wife and I are planning to buy a house in our market which is really expensive. We're trying to figure how can we afford it. Her dad owns 2 houses here in this town. One is half paid off and the second one still has a ways to go but his tenants pay the mortgage. First one is worth around 900 thousand and second one he got a appraisal and it came out to be 1.2 million. Houses in our market go for 600k and up. We're in the process getting pre approve cause we been seeing some good ones pop up lately and want to be ready to pull the trigger and having a chance on buying one. Our plan is to do the BRRRR. We're trying to figure out how we could make it work with his 2 houses. A deal we could do with him. Any ideas? Advice?

Post: Anyone investing in Lompoc,CA

Elias MunozPosted
  • New to Real Estate
  • Santa Barbara, CA
  • Posts 51
  • Votes 12

I been talking to some people and they’re saying Lompoc is up and coming. Im living in Santa Barbara only a 45 min drive. Is it a good time to invest there? Thinking about doing the brrrr method. With a 20% down.

Post: Looking for my first investment property

Elias MunozPosted
  • New to Real Estate
  • Santa Barbara, CA
  • Posts 51
  • Votes 12

@Eric Begnoche sorry I’m not I put the wrong description. I’m new to BP and just doing my research and looking to buy in a year.

Post: Discovered BP, Then Bought 3 Long-Distance Props In 14 Months!

Elias MunozPosted
  • New to Real Estate
  • Santa Barbara, CA
  • Posts 51
  • Votes 12

@Tyler Caglia congratulations on your 3 deals! I’m from Santa Barbara and I’m sure you know how crazy expensive it is here. I’m looking outside of here like Oxnard, Ventura,Lompoc and Santa Maria and trying to get my first deal in year or less. What are thoughts?

Post: Looking for my first investment property

Elias MunozPosted
  • New to Real Estate
  • Santa Barbara, CA
  • Posts 51
  • Votes 12

@Allen Maris Our goal is to have Santa Barbara be our primary home and invest in the other cities. We each want to put 100k so our down payment would be 200k. I think that’s a good down payment for those areas  don’t you think? I’m new and have a lot to learn still, any advise would be great. Just trying to make the best decision to get started on our property rental investment. 

Post: Looking for my first investment property

Elias MunozPosted
  • New to Real Estate
  • Santa Barbara, CA
  • Posts 51
  • Votes 12

@Jeremy L.. Thank you for advice. I didn’t think about Santa Maria but yes your right it’s up and coming. I just have to see where I could get a good deal that will make the most cash flow going. Been asking some friends that live in those areas (Lompoc, Ventura,Oxnard and Santa Maria) to see what neighborhoods are safe to invest/buy. 

Post: Looking for my first investment property

Elias MunozPosted
  • New to Real Estate
  • Santa Barbara, CA
  • Posts 51
  • Votes 12

@Storm S. Thank you for the advice. We would love to start off in SB but it’s way too expensive and don’t see how we could have some cash flow going. 

Post: Looking for my first investment property

Elias MunozPosted
  • New to Real Estate
  • Santa Barbara, CA
  • Posts 51
  • Votes 12

We're looking to buy our first rental property. My wife and I were thinking about buying our first home here in Santa Barbara, CA. Young couple (26) looking to get into real estate investing. We're thinking about getting a duplex so we would live on one side and rent the other. This city isn't cheap to live at. Homes here go around 600k at the cheapest and higher. Right now we rent from her dad at one of his house that he has as his cash flow. It's a 5 unit house and we help him manage his property. Ever since I started listening to the BP podcast and doing some research on real estate investing I started learning ways I could make it work for us to afford to buy a house here in Santa Barbara one day. Our plan is to invest in a different city that's cheaper and get some cash flow going BRRRR. We just don't know which direction to go. If we drive 30 minutes south to Ventura/Oxnard slight bigger than Santa Barbara but not as nice. Homes there go for around 400-800k homes get cheaper and it's more affordable but the traffic is horrible everyday. Will we have trouble renting since people don't want to deal with traffic? Most people commute from Ventura to Santa Barbara for work. Then if we drive 45 minutes north to Lompoc it gets even cheaper. Homes there go from 150ish- 650k depending the area. It's a small town not much to do there but it's cheaper. Also a lot of people commute from Lompoc to Santa Barbara for work. Where is the best option to invest and why? Ventura it's a bigger city and more to do but traffic is horrible. Lompoc is cheaper and no traffic but small town not a lot to do there. We got my father in law to go 50/50 on deal with us. My wife's and I goals are to invest in those cheaper city and build up our rental portfolio then eventually start investing in Santa Barbara. Or is their a better way? We're new and still learning the in and out of real estate and wanted to hear some thoughts and tips.

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