All Forum Posts by: Karim E.

@Lauren Bellis could anyone explain Prop 13 property tax and its benefit and how it help an RE owner? Sorry, I am new and not familiar with tax laws.

@Zambricki Li thank you but I think we are all aware of the fact that Pasadena is very competitive, should I give up? Any market in LA area with high appreciation will experience the issues you mentioned. I was also looking to Chino Hills, what do you think about it?

@Matthew Paul I meant Pasadena CA

@Nabil Suleiman thanks your your response. $110k is the fund saved as of today for this goal and I will continue to save more. My family MF I are looking for a place to live and build wealth, I hate the idea of achieving others goal by renting, but it is what it is. I like the idea of house hacking, for example Airbnbing a separate room or something like that. What type of RE can be a good start given that amount and given the area?

@Jason Kudo thank you for your response. I know that cash flow will be almost impossible with that amount. I am not necessarily after the cash flow at this point of time. I guess I would like to start to buy my own place to live with my family and save enough for the next move and accumulate RE investments for retirement ( I’m 40 years old). If I can offset my living cost that would be perfect. I don’t like the idea to lock all that sum on a single down payment, but in the same time the more I put down the more it reduces my monthly payement. I’ m not sure what is the most efficient way to proceed to scale.

Hi everyone,

How would you deploy ~$110k (excluding closing cost) to scale and build wealth in Pasadena? This is not much given this hot market but I’m interested to know and understand some creative ways to start. Would you use all that capital for the down payment or use for example 10% and let the property appreciate and allocate the rest on another investment? I would love to hear your feedback!

Thanks for your time

@Andrew Shelton Hi Andrew, I noticed that you are located in LA area, may I ask you where are you investing? Just curious, I am located in Pasadena and I am looking to invest here as well. Thanks

@Reba Marabotto

Hi Rena, thanks for your comment. That is very helpful!

@Riley Way

Hi Riley,

What was your down payment on this deal? How long it took you to have tenants in it after posting it?

What made you decide between renting vs selling it?

Thanks for sharing this!

@Daniel Lehman

Thank you Daniel! This is very instructive. For some reasons Zillow and others set by default 0.7 %, so I figured that was indeed too low.