All Forum Posts by: Jesse Rivera

Welcome to Biggerpockets! You are in the right place to learn and network. I am down the street from you in Long Beach. If you have an questions, feel free to reach out, or if you're in the area, let's grab a coffee!

Enjoy the journey!

Good writeup, I think you are spot on.  Big changes coming soon, and climate change is just the beginning. Don't get me started on the national debt and the amount we pay in interest each year. Giving me nightmares.

Socal is tough to find investment properties that work.

I have a great realtor in Sacramento that can find properties that cash flow. Sees a lot of off market stuff because he is a property manager as well.

The toughest part about investing outside of your locality is finding boots on the ground that you can trust. That's why I am sending socal investors to him.

Let me know if you want his contact info.

For a new investor, events like this are a goldmine. And here is why:

Real estate is all about relationships. 

Events like this give the opportunity to meet and talk to investors from all over the country, doing different kind of investing, and with a varied amount of experience. When I go to events like this, I do go to some of the sessions, but most of my time is just sitting in the lobby chatting with people. 

You will learn a lot, but you just may walk away with new friends, new partners, and maybe even someone who can call a mentor. I still keep in touch with people I've met a decade ago!

I highly suggest you go.

And it's VEGAS!!!

First stop is always a mortgage broker! I'm in Long Beach, message me. Let's talk about your options.

One of the brokers I work with has helped several people buy homes for assisted living. He has some great insights on it. He works those areas. Message me and I can connect him with you. 

Hi Kevin,

It looks like you have some money saved, that's fantastic. If you want to put down a low down payment, you might not cash flow for a few years.

And FHA for 3-4 units is almost impossible. FHA has a self-sufficiency rule that makes it difficult unless you put A TON OF MONEY down. You can do a duplex though, which might not be a bad idea.

With your credit score, conventional might be a good choice, you only need 5% down for 2-4 units if you live in one.
 
I like OC, my office is in North Orange County.

I'm a tech and marketing guy. Been a Realtor for 15 years and a lender for 8 years. I've designed a CRM for both of my businesses, and looking to develop it for market.

Looking for 5 agents to help me refine the build out and Beta Test the CRM. 

Will not charge you for 60 days (or longer) for the CRM, and then give you 50% off for 12 months.  Setup fee will be waived.

I know how busy Realtors are, so my goal when designing the CRM is to make it as done-for-you as possible. There will be times you will have to update your contacts (after having a conversation with a lead, for example), but I want to make it as seamless and easy as possible.

Features:

Full contact management system
Will be mostly done for you
Built in follow up systems for new leads, existing leads, SOI, & past clients. Will include email, texting and newsletters.
Newsletters will be written by my team each month, and branded with your info
Review management system
Open house registration and follow up system
lead and client pipeline
Social Media Planner
AI texting and FB messaging
Phase 2: FB marketing and follow up

I am using the HighLevel Platform.

Only cost to you during the beta will be for the texting number, A2p registration, and email & texting costs.

If interested, contact via this site.

If you're doing FHA, I'm sure you know you have to live in one of the units. And doing 3-4 units FHA is tough unless you have a huge down payment. Self sufficiency rule makes 3-4 units almost impossible. Duplex is ok.

Riverside might be doable, if you're ok with that.

Happy to get on a call and answer questions.

I agree with Joe, talk to a title rep. I have some contacts if you need one.

If you need to refinance to pay off the brothers, let me know, I will give you a great deal.

Best of luck!