All Forum Posts by: Jonathan Jaime Velarde

@Jared Smith

I'm currently looking for a club to become part of in my area. It is hard with my work schedule because I am not allowed to leave base for 2 weeks in a row sometimes so most of my RE education comes from the computer and reading resources.

Thank you for the tip and I will keep searching.

JV

@Larry Turowski

Thank you for sharing. Did you have a complete home inspection or did you just buy it as is without checking for termites/termite damage?

@Larry Turowski

What was the reasoning for the loss? 

Greetings!

I thought this would be an interesting discussion to start!

Looking for some motivational stories as well as pointers on how I should start my RE investing career. I'm 22, leaving the Marine Corps in a year, and heading back to SoCal to attend school and save up to by my first property and hopefully "house hack" it. 

I will have roughly $20K cash and $20K in my Roth IRA (aggressive mutual fund). I will not have any debt and college will be paid for thanks to the amazing military benefits!

Looking forward to your stories!

JV

@LaDonna Horton

Thank you for the kind words! 

I just want to network and make connections to get my life started out right! I'm with you on the working hustle. I work two side jobs aside from the military. Keep up the hard work.

JV

Also, thanks for your support!! USA USA

Eric Barnett Make sure your tenants understand the lease and don't be "mr nice guy". You are running a business so treat it as such. Your tenants incentives should be to not be kicked out. If you'd like to reward them at the end of the year or at renewal for being great tenants that fine also, but you don't have to "pay them" for what is yours! The longer you wait to collect the longer you train them to not prioritize their expenses. Hope this helps! Remember you're doing them a favor by housing them and making sure they aren't falling behind on bills! JV

Scott Graham Currently In the Marine Corps w/about a year left. Looking to apply to UCLA and utilize my Post 9/11 benefits. I'd like to study business management, but if you guys recommend another field for pursuing RE I am all ears! JV

@JR T.

Thank you for the advice. I will keep that in mind!

JV

Greetings!

I am currently maxing out my Roth IRA, which is phenomenal and gives me a great sense of security, but now that I am very intrigued in the RE investing community should I cut back on doing $458 a month towards the IRA or no?

Between my USAA Roth IRA, TSP Roth (which I will rollover once out of military), and everyday investing/saving I am putting roughly $1,039/month.

Which would you cut back/add to, if any, in order to build a bank roll for RE investing. My first investment property I am hoping to get a 2-4plex with FHA/VA loan, live in one unit, and rent the others out. Not exactly sure where at the moment because the Ventura County market is expensive and that is where I am going to live once I'm out of the military for at least a few years.

Very Respectfully,

Jonathan Velarde

@JR 

@JR T.

Good Morning JR,

Thanks for the info. 

Since I will be utilizing the Post 9/11 GI bill I would be getting around $2200-$2450 per month for attending a school such as UCLA and living expenses would be at a minimal since I will be living with father. 

Could you clarify more on the second part of your answer? I'm not sure I understand fully.

Thank You!