All Forum Posts by: Jerome Morelos

I like option #3. I also live in California and considering doing a "house hack" for my first investment property. IMO it's the best way to start as a beginner investor. Requires a low down payment (FHA/203K), easier to manage your property, your living for free + gaining experience as a landlord at the same time!

I'd say the best way to find a good PM is word of mouth. Connect with people and ask for referrals.

Vinod Dasani Sean Blomquist Steve Vaughan Ah makes much more sense now! Thanks a lot guys! 👌🏼

So if the lender is asking for 65% LTV, that means that they're willing to lend 65% of the purchase price of the property ?

Can someone explain what LTV is? Having trouble wrapping my head around it. Thanks!

Driving for dollars, direct mail, networking, contacting landlords on Craigslist to see if they may be interested in selling their property, etc..

Graduated from college a year ago as a Respiratory Therapist at the age of 20. Love this job as I only work 3 days a week and spend the other 4 days on REI!

Congratulations!

I reside in Fontana, would love to do a meet-up one day!

Hey BP fam, I'm fairly new to this Real Estate Investing game and came across ROI and CCR in my reading. What is the difference between the two? Also, when would I use one over the other? Or should I use both when analyzing property? What I am thinking: ROI is the total return made from your out-of-pocket investment that factors in appreciation, loan pay down, taxes, whereas CCR only factors in cash flow. (please correct me if I'm wrong). Thanks.