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All Forum Posts by: Momi Rapozo

Momi Rapozo has started 2 posts and replied 41 times.

Post: I'm a total noon and I need help!

Momi RapozoPosted
  • Los Angeles, CA
  • Posts 42
  • Votes 28

@Douglas T. @Andrew Cummings super helpful! As far as the funds, I’m new as well and have a little liquid but you can potentially apply for a loan just to see how much purchasing power you have. That should give you an idea of your budget. I also like peoples ideas about asking people talking about investing. Lots of people know investors, are investors, their family fillips props etc. I’m surprised how many people are familiar with this! It’s great! Best of luck!

@Bill Brandt interesting! So you moved to a new primary residence and started renting out the old primary?

Post: Out of State First Time Investor

Momi RapozoPosted
  • Los Angeles, CA
  • Posts 42
  • Votes 28

@Zack Busch hey Zack I’ve also been looking for an investment property in Memphis. I think calling prop Mgmt companies could be helpful. I connected with a contractor and she’s been helping guide me. I am still running numbers on what I find on the mls.

I usually look at the street view of google and let it guide me. You can go onto YouTube and there are a few videos by CrestCore realty and some other turnkey providers where they break down zip codes and neighborhoods.

Best of luck!

Post: Out of State First Time Investor

Momi RapozoPosted
  • Los Angeles, CA
  • Posts 42
  • Votes 28

@Tony Clark great info! Thank you

Post: Section8 in North and South Memphis?

Momi RapozoPosted
  • Los Angeles, CA
  • Posts 42
  • Votes 28

No personal experience...but honestly I've heard good things about section 8 because you are really guaranteed to get paid. People talk about bad experiences with the tenants not taking care of the property, but, that could happen with anyone. Best of luck! If you have any deals to share, I am looking for my first property, I would love to see them. 

Post: How to you get loan from banks to scale rental properties

Momi RapozoPosted
  • Los Angeles, CA
  • Posts 42
  • Votes 28

@Jay Hinrichs ok got it! I appreciate the details I was having a hard time understanding exactly how it worked.

Post: How to you get loan from banks to scale rental properties

Momi RapozoPosted
  • Los Angeles, CA
  • Posts 42
  • Votes 28

@Josh Caldwell great explanation! Is this similar to SubjectTo financing? I heard about this through a podcast with pace morby

Post: Real estate investing

Momi RapozoPosted
  • Los Angeles, CA
  • Posts 42
  • Votes 28

Hi Kirsy! I'm getting started myself...I am excited for you! I can brainstorm on strategies with you but most people I think get started with wholesaling. I'd love to catch up with you and talk through strategies. 

@Dean Carter best of luck!!! They’re coming!

Post: To IRA or not to IRA…

Momi RapozoPosted
  • Los Angeles, CA
  • Posts 42
  • Votes 28

@Justin Windham thank you so much for the info!

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