All Forum Posts by: Lindsey Iskierka

Join Lindsey Iskierka, Lead Agent of the David Greene Team SoCal and Ricardo Carrillo, Senior Loan Officer at The One Brokerage as they dive into what's happening in the market and today's best strategies for buying in SoCal! Topics they'll cover include:

• What trends our real estate and lending team are currently seeing in the market
• Why you shouldn't be afraid of high interest rates
• Conventional financing / FHA financing
• Why our buyers are still buying
• Benefits of renting vs owning
• How to offset your mortgage with house hacking

Whether you're looking to purchase your first home, your dream home, or your first investment, this event will be packed with valuable takeaways you can use to start achieving your real estate goals.

Join us in person or online! Select your ticket option at checkout. You will receive a link to join the virtual event 24 hours before the event starts.

Light snacks and beverages will be provided.

MEETING AGENDA

6:00pm - 7:00pm: Open Networking

7:00pm - 7:45pm: Presentation

7:45pm - 8:30pm: Q&A

8:30pm - 9:00pm: Last chance to Network!

Limited seating available. 

Click to Register Today!

@Jesse Rivera

Awesome!  Did you reserve your ticket?  We have limited space per the venue and Covid-19 guidelines so want to make sure everyone who's interested is able to go!  

@Mary McGinty Unfortunately we won't have zoom capabilities at this event.  

Maybe at future events!  

Let me know if you have any other questions! 

Space is limited!  

Click to reserve your ticket!

Join David Greene, best-selling author and co-host of the Bigger Pockets Podcast, as he explains The Velocity of Money.

About this event

Do you know what it means to increase the velocity of your money? Do you understand why it’s important when building wealth?

We’re going to talk about how to see your money as an “employee,” different strategies to make sure you’re getting the most out of your capital, and how to increase wealth at a compound rate to make you a master investor in a shorter period of time!

David Greene is a former police officer and the co-host of the BiggerPockets Real estate podcast. He is the author of best selling books “Long Distance Real Estate Investing,” “Buy, Rehab, Rent, Refinance, Repeat,” and “Sold: Every Real Estate Agents Guide to Building a Profitable Business.” David is a nationally recognized authority on real estate and has been featured on CNN, Forbes, and HGTV as well as over 25 different real estate podcasts. A licensed real estate broker and lender, David runs “The David Greene Team”, a top producing real estate company in Keller Williams where he has won multiple awards for production. An active real estate investor, David owns properties across the country.

Lindsey Iskierka was born and raised in Southern California and is an active real estate investor and a top producing real estate agent who specializes in serving new and experienced investors in LA, Orange County, and the Inland Empire. Since 2016, Lindsey has been purchasing income properties that began with a house hack on a triplex using a VA loan. Today Lindsey and her husband, Ryan own a portfolio of rental properties across the country that produce passive income. Lindsey is the Lead Real Estate Agent for The David Greene Team in Southern California. By partnering with David Greene, Lindsey has the opportunity to help buyers and investors start or build their investment portfolio using strategies that give Southern Californians an unfair advantage to grow their wealth through real estate.

Hey Sameer! 

To my understanding you can only put down 25% on a non-owner occupied multi-family investment property. If you live in the duplex as a primary, you can do 15% down conventional but you will have PMI attached. I hope this helps!

Hi Yoselin!

Do both! Make your primary residence a house hack and enjoy the benefits of home ownership while also having your first investment property.  That first house hack will set you on a path to grow your portfolio even quicker. 

Like you mentioned, LA/OC is expensive so tackle your housing cost by purchasing a house hack and let your tenants pay down your mortgage.  This is how I got started and now I own a portfolio of rentals.  I help people get into house hacking all the time so if that's an option you would consider I'm happy to go over it more with you.  

Feel free to text me! (714) 393-1644

Hi Lucy!  

In my opinion, I think purchasing a small multi-family home close to you or even in Riverside County would be a more stable option than a STR. Regulations are really getting more and more strict like everyone mentioned, but small multi-family homes could cash flow potentially with the capital you have available.

There's always demand for rentals in SoCal and Riverside County is appreciating like crazy. Which means you could still purchase an "affordable" investment property and benefit from likelihood of it appreciating rather quickly; then you could leverage that property to purchase a STR to tap in to that market.

My advice would be to purchase a more stable option without the high turnover and unknowns of a STR for your first investment property and then diversify once you have some cash flow coming in and your property has appreciated.

I hope that helps!  I'm here if you have any questions at all.  

@Khristopher Kyle Garay

We’re helping investors grow their rental portfolios in SoCal every day. I’m with The David Greene Team and that’s pretty much all we do. So it’s absolutely possible to invest in SoCal.

I would argue that house hacking is incredibly beneficial here. Investors can use a low down payment loan, have higher rents to cover more of the investor's mortgage, take advantage of opportunities for value-add (ADU, convert to duplex, add units, etc), short term rental successes, and so much more.

Many investors we work with will buy a house hack every 1-2 years and before they know it they have a rental portfolio. What the investor does with that portfolio is up to them; 1031 exchange it into a bigger deal, move the capital out of state, hold on to it, whatever makes the most sense.

In any case, just go with what you’re comfortable with. If you’re living in SoCal many investors want to get their feet wet and invest here first, and they’re finding great success.

I hope that helps!!

Hi Julia!

This is a great question and is definitely common among the first time homebuyer crowd in LA area.  You do have a great price point and with the gift funds towards down payment you really have an opportunity to start building your portfolio and use this property to maximize it.  

Would you be open to a house hack?  Perhaps a duplex in the area or a 2-3 bedroom home or condo that you could rent out the other bedrooms?  I helped a client get in escrow on a 3 bedroom townhome in Torrance where her mortgage is about $2700/month but she'll be paying less than $900/month...less than her roommates would pay her in rent.  

In LA we're able to utilize the higher rents to find more opportunities to house hack and lower our cost of living.  If you do prefer to be by yourself,I would still suggest at least a 2 bedroom home for future rent or resale value.  You have a great price point to find something great to live in and pay your own mortgage instead of someone else's.  

I'm here if you want to chat more about it! 

We completed a 1031 exchange and have Bigger Pockets to thank for helping us successfully complete that.  

One resource was using a QI that we found on BP named @Dave Foster and the other was working with Rent To Retirement. We wanted passive investments as well because we had a newborn and a toddler at home. As amazing as a BRRRR deal sounded, we just didn't have the time or energy with the tight 1031 timelines and two babies under two years old.

Purchasing turnkey homes worked for us in this situation and they've continued to be easy and profitable properties for us, even in the pandemic.  I hope that helps!