All Forum Posts by: Jeff Dippel

Hey everyone,

I'm in a weird situation. I lucked into one of the cheapest condos you can buy in Laguna Beach, CA. After three years, it's gone up almost 250k. I love my place, location is amazing, and I'd like to keep it for the rest of my life. BUT, there are some issues. The HOA board has lost their minds. They are all suing each other now and it has been going on for two years. We have had three special assessments in the last year and I can't stand any of the people in the building. There are only 9 of us. Also, I am on the verge of moving in with my gf and the place is probably too small. I will have to rent it out and will be negatively cash flowing probably a 100 or more dollars each month. It costs me around $2,600 a month to pay the basic bills. The people in the building also refuse to get earthquake insurance, which freaks me out. Since the appreciation is so high, is it worth waiting out all this BS, trying to rent it out full time and breaking even until one day it cash flows like crazy? Hoping we don't have a massive earthquake and the building crumbles into the sea? OR, do I sell now, collect the 2-300k and run for the hills, all while losing a place that I will probably never have the chance to own again. Ideas and similar experiences are GREATLY appreciated especially from people who understand Orange County and how valuable of a town Laguna Beach is. Thank you!

Either one really? I had a friend who’s had a lot of success with flipping the homes in the parks in the hemet and menifee area. Have you had any experience with the parks?

Hey there,

I'm looking for anyone in the Southern California area who knows any realtors or wholesalers who specialize in mobile home parks on land? Specifically in the riverside area. Any help would be greatly appreciated! I am looking to flip some more in state and not sure where to start. Thank you!

Thank you!

Hey Mike,

More than anything just like a guide to common terminology, common things you encounter during a remodel, and common prices for each type of job. Does that make sense?

Hey everyone,

Quick question. I am currently doing my first remodel out of state. I have never done one before and am looking for a good book that might have common pricing, terminology, etc. that I'd need to buy appliances, know what size stuff we need, etc. so I don't sound completely stupid. Anyone have any recommendations?

Hey Jo-Ann,

I'm 32 years old with no children and make over 100k a year in salary. My main goal in life is to create enough passive income so I can retire from my job early with a fair amount of passive income. I do not want to be super rich. I just want enough to eventually pay for a family, travel and work a less stressful job. That's why I thought it might be beneficial to pay the house off quick. I currently make enough money to save from my paycheck for other investments and pay off the loan faster. Ideally, I would love this house to be making me money sooner rather than later. That's why I was interested in paying it off faster, because I want to have a steady income of money coming in. Does that help? Obviously I can do short term rentals, which I am going to, but I will still be paying the $2500 a month mortgage which drains from all my earnings. 

Hey everyone,

I currently have a 1 bedroom in Laguna Beach, CA that I live in. It's a great location with an ocean view and perfect for rentals. I've been living in it for five years and am starting to think it's time to rent it out because the mortgage is very high. Here is where I'm confused. Should I rent it out and just slowly pay down the mortgage and use the house as leverage for other properties? OR should I try and rent it out, but make extra payments to get rid of the interest on the home so I can cash flow more? The house will help me acquire other properties for sure, BUT if I pay the interest down I could lower my monthly mortgage and cash flow more immediately off the rental. The house alone if paid off could cash 3-5k a month. Currently, the mortgage is around 2500 so I would make very little profit just renting it out. Any help is greatly appreciated!

Hi everyone! I just got my first loan approved and am about to flip my first house with some guidance from another investor. Before I go into it, I just wanted to know if anyone had some major DO/DON'TS when it came to choosing a property? Is there anything I should look for specifically before buying the property to flip? Roofing/Plumbing issues? Location obviously? Is there anything you see when looking for a property that makes you immediately say YES or NO? Thanks!!