All Forum Posts by: Renee Harris
Renee Harris has started 20 posts and replied 208 times.
Post: Looking for a Mentor in LA and/or Surrounding Area
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
Hit me up. I can use some help and we can help each other.
Post: LIVE: Biggest obstacle to buying your first investment property?
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
Post: Housing crash deniers ???
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
Quote from @Greg R.:
Quote from @Greg R.:
Quote from @Greg R.:
Quote from @Carlos Ptriawan:
If you see the insight data, only the following city has triple digit active inventory YoY
Austin
Vegas
Nashville
Phoenix
Northwest
Jacksonville
Other city is pretty much regressed to 2020 inventory level.
DFW?
Albuquerque, NM?
Oklahoma City?
Do that for Los Angeles, please.
Post: Housing crash deniers ???
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
Quote from @David Song:
Housing prices will always go up. Buy anytime. - bigger pockets.com
Reality: numerous REI lost their life savings in 2009 and maybe 2022. Over leveraging, insufficient reserve, short term loan with balloon payment, etc.
Flippers bought in Q1 2022 will learn the lesson now. Many of them are losing their shirt. None will tell you publicly.
The price decline started in April 2022, and has been declining for the last 4 months. The bottom has not been reached yet. This is nationwide, from CA to Texas, everywhere.
This is indeed happening. I'm seeing it with investors I closely work with
Post: Investment Strategies in LA
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
I am wondering what investment strategy you Angelenos think would be good in Los Angeles right now? Please don't say go to another state. I am curious about Los Angeles only, in this moment and climate. I was thinking one strategy would be buy in cash and rent out and hold, til things change. But, that is a long term strategy.
Any others? Happy Holidays.
Post: Investors are withdrawing money from REITs in record quantities
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
@Manny Vasquez Hi, hit me up in PM, I want to ask you a non-related question. Hope all is well!
Post: DSCR Loans??? does anyone know about this product ?
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
Quote from @Eliott Elias:
I use this quite a bit, rates are very high. I am getting quoted 10% right now. Benefit is I can scale quick and don't have to qualify personally
How do these loans work and what do they use to qualify you?
Post: New to Bigger pockets
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
Post: What’re your goals for 2023? Let’s motivate one another!
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
For the new year I hope to have my investment group set up. I have people who I have done deals with ask me for this, so we can pool our money. So I am working on setting this up and I am hoping to find a mentor in Los Angeles that knows about syndication, so I don't lose our money.
Those are my goals for 2023 and get at least 2 properties for us and we all make a profit.
Post: Newbie with Cash to invest in Real Estate
- Real Estate Agent
- Los Angeles, CA
- Posts 218
- Votes 111
It trips me out when people keep saying to invest out of state. I have not done it, so I can't speak to it. What I will say is that scares the crap out of me. It's hard enough for me to find good reliable help where I live, let alone 3000 miles away. I've had to go through a whole bunch of people to find some folks who do great work that I can trust here in LA.