All Forum Posts by: Phyo Ko

That probably were I also missed up through negotiation in the sale price and repairs they dropped the clause for the money back if tenants went over move out date. I should of took that as a red flag.

The duplex is in imperial beach ca 91932

I need help this my First investment and everything falling apart. I thought I did my do diligence but failed. I closed on duplex with both tenants receiving eviction notice with final date 5/25/2022. Now They are saying they want to fight the eviction and wouldn’t hand me keys. They claim that the prior home did not give enough time and rushed the notice and caused emotional damage. The notice was served 3/25/2022. I don’t know what to do??

I need help this my First investment and everything falling apart. I thought I did my do diligence but failed. I closed on duplex with both tenants receiving eviction notice with final date 5/25/2022. Now They are saying they want to fight the eviction and wouldn’t hand me keys. They claim that the prior home did not give enough time and rushed the notice and caused emotional damage. The notice was served 3/25/2022. I don’t know what to do??

Thanks Lanny for the inputs gave me some new perspective. Lanny your right regardless of my current living situation I will be an out of state investor and that's how I need to look at my investments. Living in Ca is not permit and I will be moving. I have to refocus on the cash flow not so much on future aspirations that no guarantied in my investment decisions.  

Thanks for the good advice David that is something to chew on and really think over what am I really looking for at this point in my life a an investor. I'll have to get my investment criteria and strategy down solid and not get distracted by shinny objects.   

thanks for the advise what are your opinion on places up north carlsbad escondido and temecula area? 

will do 

Hello Newbie Investor here

I am in the Navy currently stationed in San Diego CA I am just starting my real estate investor journey. I bought a Single Family Home last year and I am trying to turn it into a rental so I can buy another property a 2 to 3 unit home to house hack. I am going to use a conventional loan with 35k for down payment because my va loan is tied up with my current home. My dilemma is should I invest in Ca with it high housing prices and tax or invest in another state were I can get more for my money. The long distance investor does make me nervous even with its pros. I know that if I do the work and finding a good property manager and realtor I should be fine. But as a newbie investor should I take my learning lumps investing locally were I can see and touch my investments or go out of state? Regardless I know I am in it to win it.