All Forum Posts by: Julio Silva

Investment Info:

Single-family residence buy & hold investment in Lake Elsinore.

Purchase price: $369,500
Cash invested: $25,000

What made you interested in investing in this type of deal?

I saw potential outside of Los Angeles county, pricing points in Lake Elsinore made a lot of sense at the time in comparison to expensive southern California markets.

How did you find this deal and how did you negotiate it?

My sister bought a house in 2012 directly from the builder. I decided to put down my name on the waiting list, a couple of days later they called me with an available lot.

How did you finance this deal?

10% Conventional (401k loan)

@Steve Stackman

Hello Steve,

Would love to hear more about the multi-units

@Luke Skinner

Hello Luke!

Would love to chat regarding Tampa, sent you a connection request!

@Dutch Mendenhall

Hi Dutch,

Just sent you request to connect. I would like to learn a bit more about REIT.

@Andrew Postell

Hello Andrew,

Do you think you can share some investor friendly lenders that allow me to use rental income for my next investments without having a W-2?

Thank you!

@Ryan A Rodriguez-Wiggins

Hello Ryan,

Would love to connect and possibly partner. I’ll PM you.

@Salvatore Lentini

I actually have the same problem as @Collin Van der Veen. I’m having trouble finding financing for my first deal OOS since I was laid off in August but have enough capital to buy a couple properties in cash. I have a couple of rentals in California that cash flow about $250 each. What do you advise me to do to help qualifying for a loan since I prefer to use leverage to scale faster?

Thank you for your time!

@Luis Torrico

I’m also from Downey, CA! Would love to talk a little bit more about your first deal since I’m getting ready to pull the trigger as well.

@Steven Tawresey

Very inspirational Steve! I’m dumping an investment property soon out here in California and can’t wait to start looking for deals!

Thanks for the heads up Mark! I'm excluded from capital gains since it was a primary 2 out of the last 5 years. Thank you for sharing !