All Forum Posts by: Account Closed

Hey Natasha, welcome to the BP family! since you already have experience investing, I would personally recommend small multifamily in LA, SFR in riverside county, or small multifamily/SFR in orange county. The appreciation in cities like LA, Long Beach, and Anaheim is always going to be there and it's always going to be steady (in my opinion). If you're looking for something specific feel free to let me know! hope this helps!

Kindest regards,

Agent K

Hey Chase! Happy new year to you as well! I think you're spot on starting with joining the biggerpockets family and joining your local REIA. I would recommend listening to the rookie podcast to hear some of the positives/negatives of real estate. The rookie podcast can also help you figure out how you want to invest. Like do you know if you want to do short-term, traditional long-term, fix and flip? Personally, if you're looking for a mentor before you know where you want to niche down it could waste your own time. If a mentor is a fix-and-flip person and you find out that you prefer short-term rentals, but because you picked a mentor too soon you may not be able to deploy those funds into something you want and are passionate about. I think it could be more beneficial to talk to a couple of industry professionals in different markets so you can get a large scope of what real estate can do for you.

I would talk to the heavy hitters at the REIA, message people here on the forums, listen to the rookie podcast to start out, and once you feel you are educated about your market of choice deploy funds and take action. But that is just my opinion. Hope this helps! Feel free to reach out if you have any questions for me!

Kindest regards,

Agent K

The BRRRR strategy will be difficult for us in California, but, creative financing is always going to be there. The next year will be the year for thoughtful agents, loan assumptions, 2-1 buydowns, portfolio loans, and things of that nature. This is the perfect time to buy if you know WHERE to look and WHO to help you get what you want. If you're looking for a deal, maybe rely on a skilled realtor to negotiate the price down for you. Hope this helps!

Kindest regards,

Agent K

 Hey @Anna Delos Santos, If you are near 3 hospitals maybe what you could do is update some small things in the rental and charge a little more for the mid-term rental. I would update things such as the living room to provide a place of relaxation or a place of community. If you wanted to stretch the property you could rent by the room instead of the entire house. If you have a property that has an ensuite bathroom that can be the midterm rental and the rest of the house can be long-term.

An ideal situation would be an even number of bed/bath like a 3/3 or 4/4 so everyone has a separate area to live in, but a nice large kitchen and an updated living room with things to do together.

Hey Danielle, I think you're spot on with starting with house hacking. I would do as follows:

-Search for a 3/3 or a 4/4 house (bed/bath)

-Make sure you have a decent team behind you (a realtor and a CPA should be fine if you're just starting out)

-Furnish your property like it's an AIR B.N.B. so you have more attention on your unit

-Utilize a mid-term rental structure and list the house on a site like furnished finder

-When it is time to purchase a new property, repeat

If you have a property that is a 3/3 you can rent out one bedroom to a long-term tenant after you move out as well so this scenario would be perfect for a college kid who is looking to move out. I am in LA county but I feel it's a similar market. Gotta love LA! If you have any questions feel free to reach out as well

Kindest regards,

Agent K