All Forum Posts by: Ricardo Meza
Ricardo Meza has started 13 posts and replied 57 times.
Post: Wellmade Luxury vinyl rule at Costco

- San Jose, CA
- Posts 58
- Votes 19
Sorry, no experience here, but have you called Wellmade for a sample? I'm putting vinyl planking in my own home, and I try my best to scratch samples, and see how they look. The warranty on Wellmade looks about the same as Allure, and most brands I've looked at. That's a hard price to beat.
Post: Where should I look to find a mentor?

- San Jose, CA
- Posts 58
- Votes 19
Hi Alisha!
This question gets asked a lot, and I think it's the wrong question you should be asking...for yourself. I think what you should be asking is, what skills/values/assets can I bring to a partnership. A mentor isn't going to come knocking on you door just because you asked for one. You have to bring something to the table to benefit the relationship. I don't know what that is, nor do I know what that may be for someone willing to work with you, so don't let this be a discouragement. Just think about it, and be prepared to answer the question, why should I be your mentor? You'll need an answer...make it meaningful.
That said, I would start evaluating deals, today. Use the BP tools, find a FSBO home on craigslist, and evaluate it. It doesn't have to be a good deal, but use the BP printout and take it to an REI meetup in your area, and ask someone if they could help you evaluate your deal. You'll learn a lot. Use this to start-up a conversation, and create a real-person contact. Perhaps this person would be willing to work with you, should you find a real deal, or to help you find deals, whatever you may need help with, for a part of your first deal, or for your time, or for a cup of coffee - whatever you agree on. Just think about how your could give back for the learning you will receive.
Just my opinion, but I look forward to hearing about your successes! Good luck!
Post: Can I get an FHA loan without 2 years of employment history?

- San Jose, CA
- Posts 58
- Votes 19
They'll be looking for continuous employment at some point in your history. You're young, so your employment history may be a new thing? If so, don't give up, you may just need to find a co-signer with better credit/employment history, to help you qualify. Mom? Dad?
Good luck!
Post: HOA special one time assesment fee

- San Jose, CA
- Posts 58
- Votes 19
If the assessment was approved by the previous owner, and not disclosed, this is fraud (but I'm not a lawyer). That said, you should speak with a lawyer about what actions you can take at this point. I suppose the $$$ would drive your motivation to hire one.
I'd be curious why the condo certification did not show the assessment.
Anyway, I really hope you can recover the fee + legal fees if necessary (if you can).
Good luck!
Post: Debating getting my license

- San Jose, CA
- Posts 58
- Votes 19
Hi Eric!
I'm not a realtor, however, I'm to understand there are quite a few professional expenses you'd have to pay to hang your license with a broker. You're probably aware of those. I guess it would depend on what you're ultimately trying to achieve - it may be a better choice to go directly for a brokerage license, or to not have any at all.
Good luck! And thank you for your service!
Post: Greetings from California / Wholesaling

- San Jose, CA
- Posts 58
- Votes 19
Welcome to the forum Sean! Keep at it! You'll get there! I look forward to hearing about your successes.
Post: Primary Residence Refinance Success

- San Jose, CA
- Posts 58
- Votes 19
Congrats! Sounds exciting! I'm hoping to do the same, refinancing in November. I'm encouraged!
Post: Carpet Replacement Recommendations

- San Jose, CA
- Posts 58
- Votes 19
Hi Sonny,
Just putting myself in your shoes... I went into Home Depot yesterday and saw their vinyl planking (Allure Ultra). I'd consider this over carpet. I'm considering a similar product for my home. Pretty durable stuff, not that expensive, and it can be mopped. It had a lifetime residential warranty too. The box store can also install it if you're in a pinch. Just something to consider.
Best of luck!
Post: Credit Card Cash Advance ?

- San Jose, CA
- Posts 58
- Votes 19
Hi Mark,
I don't have any experience with this, but I understand the logic, so long as you have the cash flow you need. However, if you're in an area that's hard to find tenants, or if you have a lot of turn-over, you need a plan B.
Good luck!
Post: First property! Washer and dryer?

- San Jose, CA
- Posts 58
- Votes 19
Just putting myself in your renter's shoes... I wouldn't want to buy a washer/dryer for a place I'm renting. I'm not sure the option I buy for this rental would work for my next home/situation. IMO, yes it's an expense, but it's better it be an expense you can control. Just my 2 cents.
Congrats on getting your first!