All Forum Posts by: Robert Reynolds

Hi Felix, 

Just like Rick said, a fourplex using an FHA loan is impossible to find out here in Los Angeles. My recommendation would be to look for a duplex if you want to use an FHA loan, or a house with an ADU.

As far as building an adu, they have become very expensive as of late and unless you know a good contractor and are getting their friends and family pricing, you are likely to pay $100k or more. I'd recommend using that money instead for a 20 to 25% down on your next multi, or use a 3.5% FHA and use the remaining money to fix it up and get some forced appreciation.

Peter you can have an open agent relationship, but no top agent will go for that. You will end up getting some desperate brand new agent to represent you, when you want a well established agent who has been through the process. You get what you pay for and often a good agent will make you more than their weight in gold. Please reach out if you need any help. 

 Hi Sam, 

My recommendation would be to join a team that works with real estate investors. Working with investors is a great niche and I totally enjoy it! Please hit me up if you would like to talk more about it. 

 Hi Kevin,

You can definitely find some good deals in Joshua Tree and Yucca for STR. The STR permits in 29 Palms have been capped and you can still invest there in LTR. I'd love to send you some of the best properties I think are out there. Reach out and let's connect soon.

Hi Keiz,

Welcome to the BP community.  What kind of real estate investing are you interested in? 

Those are great places to start, that’s where I also started. You can learn so much with books and podcast. I would recommend also going to local real estate meetups and find ways to provide value to local investors there. I’d love to connect soon and get to know how I can help you on your real estate investing journey. 

Hi Persis, 
I would love to connect you with one of my team's NorCal agents so they can let you know when the next meetup is and help you with your house hack. I definitely recommend starting out that way. I bought my first home as a house hack and it really helped me invest further. It's a great and stable way to start your investing journey. 

You can do 3.5% FHA loan on a Duplex, not sure if your credit union offers that.

I would recommend Joshua Tree and Indio if trying to stay local. You can find a deal here and there in Big Bear but you would probably need to find a distressed home that needs a little rehab at that point. Would love to connect and help point you in the right direction. It's definitely possible to invest in SoCal and I would highly recommend, especially for your first couple STR's to get your systems in place.

My advice is to start going to meetups and I'm sure you will be able to give tons of value to those who attend and you will also learn from them. It's a great way to share ideas and build community. My team hosts about two a month and the meetups can be found on meetup.com and are also posted on BP.