All Forum Posts by: Paul Ortiz
Paul Ortiz has started 16 posts and replied 159 times.
Post: Another Bubble on the Way?

- Anaheim, CA
- Posts 163
- Votes 51
Here we go again,
Get you Crash Helmets!!!!!!!!
Post: What to do with $1,000,000 in tax deferred cash?

- Anaheim, CA
- Posts 163
- Votes 51
Have you looked into Hard Money Lending.
Post: New Investors Dealing With Contractors

- Anaheim, CA
- Posts 163
- Votes 51
This is good question with many different answers unfortunately, I suggest that you always ask for references, and always make sure you look up there state contractors license.
at least here in California each and every contractors has to be licensed.
I angle I always take is I never ask for a Estimate, the word it self implies a rough calculation. I always ask for a Hard Bid. This seem to get there pencils a lit bit sharper.
How many for you take the approach that real estate investing is more like a Marathon Race and not a Sprint. That finding the right deals that fit's your investing goals should be outline. Rather then jumping in with both feet and then finding yourself over way over your head.
Its easy to sit back and say " I want to quit my job and invest in Real Estate Full Time."
But, I don't think most people really take into account the down time involved in closing some deals, or the amount of time it take to track down just the right deal.
Either way, I started to look at Real Estate Investing as a Goal Setting Activity,
- What do I want?
- How can I get there?
- What have I done today that leads me towards my end result?
Would love to hear your approach towards investing.
Cheers
Post: "Newbie" from Louisville, Ky

- Anaheim, CA
- Posts 163
- Votes 51
Welcome to Bigger Pockets.
Don't forget to be part of the Forums, and remember that you get back what you put in.
Cheers.
Post: Can you offer some advice on how to negotiate with this contractor ?

- Anaheim, CA
- Posts 163
- Votes 51
Also Try and get some type of Schedule worked out ahead of time from your contractor of choice, this helps to visualize everything being done and help keep the project moving forward.
Post: Should i buy a condo or buy a house so that i can rent them out?

- Anaheim, CA
- Posts 163
- Votes 51
Always buy a house, it holds it's value better over the long term.
Post: Houses on slab

- Anaheim, CA
- Posts 163
- Votes 51
Slab on Grade is standard here in California, you shouldn't have any problems in the long run but if you do, it's manageable.
Post: What to do w/ a $175k HELOC - Starting Out

- Anaheim, CA
- Posts 163
- Votes 51
Research.
Check out the the Podcast, #63, #73, & #85 all have to do with long distance investing in some way or another.
The Forums here are BP are great as well, I just find it easier to listen to the podcast as I'm running around town.
Cheers.
Post: BiggerPockets Crosses the 1 Million Forum Post Milestone!

- Anaheim, CA
- Posts 163
- Votes 51
Congrat's
this is a wonderful site.