All Forum Posts by: Hratch Avedissian

Hello BP, I have an idea for a potential partnership and could use your help in defining its parameters and terms. I will use an example with numbers to make my questions as clear as possible.

$500,000 purchase price. 10% total down payment for owner occupied loan.

I put down 7% aka $35,000

My partner puts down 3% aka $15,000

I occupy the house, make the mortgage payments, and benefit from future cash-flows if the place is eventually rented out.

My partner maintains 3% equity in the house at all times.

Is there any reason to share any other expenses (property tax, CapEx) if I will be the one actively managing everything and benefiting from it?

The main reason for the partnership is to use the partner's income to qualify for a better loan. We will apply for the loan jointly as individuals and not with an LLC or formal partnership.

OR would it be better if I put all the down payment and limit the partnership to using his income for the loan approval? The downside of this is waiting a bit longer to save more money.

Any help will be greatly appreciated!

Good morning BP, I'm trying to get into real estate by purchasing a primary residence in CA. As you know, CA is a fairly expensive market and even a 3.5-5% down payment can be a large sum of money. As I save money from my W-2 job, I keep stumbling upon content about short term rentals and rental arbitrage. If feasible, I think this would be a good step to get my feet wet in the real estate world, as well as accelerate my saving rate to purchase my first property. If you can answer any of these questions, I'd truly appreciate it:

-As California's AirBnB market gets more regulated, is it worth trying to penetrate into this market?

-Are there states that are significantly more lenient with their regulation?

-Is rental arbitrage manageable from a distance?

-Are there any potential markets you recommend I do more research on?

-I have not found a reputable source to learn more besides random "influencers" trying to sell me their courses. What is a good/reputable source (YouTube Channel, Podcast, Book) to learn more about the reality of rental arbitrage?

Thank you for taking the time to read my post. 

I look forward to reading your responses!

Hi All, 

I'm extremely new to the real estate investing world and would like some insight from more experienced individuals. I'd like to know which of these two you'd think is a better first time investment property. House hacking in the extremely expensive market of Los Angeles? Or finalize my first deal in real estate through an out of state property. My budget is around $40,000 for down payment. Any feedback will be appreciated!