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All Forum Posts by: Jesse Rivera

Jesse Rivera has started 24 posts and replied 459 times.

Post: Joining Bigger Pockets so I can make bigger investments!

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 494
  • Votes 296

Are you looking to invest in OC, or are you open to other areas in CA? OC is tough to cash flow, but we've had good luck in other parts of the state.

Post: New to real estate

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 494
  • Votes 296

Welcome to bigger pockets!!!

Post: Should my savings go towards a house hack or an out of state investment?

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 494
  • Votes 296

House hack for sure. Buy, get some room mates. If you live in for 2 years you can sell and get 250k profit tax free. Rinse and repeat.

I had a buddy do that for years, he did quite well. Got married and his wife saw how great it was and they did it together.

Prices in CA are going to do nothing up. I don't care what naysayers say. 

Post: Looking for some advice_ selling SFH in California

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 494
  • Votes 296

Hi Daeun,

Most FHA loans are assumable, but you'll have to check the note to be sure. Even if it is assumable, it can be a long process because you have to go through the servicer and it's not something they do very often, so usually don't have staff assigned to doing it. If you want a quick sale, I would stick with normal financing.

Post: Need a new 9-5 (advice)

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 494
  • Votes 296

Hi Edward,

I am hiring a biz dev person for my mortgage business. Essentially reaching out to Realtors with our value proposition to grow our business. Commission only, but the biz dev person gets a commission for every loan done with all of the Realtors they bring into the fold. The income starts to stack each month, like a snowball effect.

I am in North OC, licensed in CA. Open houses are the best way to meet agents, but you can call as well.

Message me if interested and we can set a time to chat. If not, good luck on your search.

Post: New MLO in NC

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 494
  • Votes 296

Welcome to the Club!!!

Post: Non-Renewal Notice 70 units in California

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 494
  • Votes 296

Just message you his info, he said he might be able to help. Good luck.

Post: Non-Renewal Notice 70 units in California

Jesse RiveraPosted
  • Lender
  • Long Beach, CA
  • Posts 494
  • Votes 296

Let me ask my insurance broker.

I'm in Long Beach, so I feel your pain. We've had success in Riverside and Sacramento for our local investors that can't make the numbers work locally. I have a great realtor in each area, message me and I can connect you with them.