All Forum Posts by: Rudy Avila

Currently I take direct deposits to my bank account, Zelle, Cash App. 

I do exactly the same as Heath does. you get the most traffic this way plus an inexpensive way to run their background.

Mysterious buyer buys Eagle Mountain ghost town city in CA for 22.5M. I known of this city because there are Youtube videos of it. Looks like are the homes are no good, infrastructure I bet everything is no good by now. How will they make money on this property? Will it be turned into a truck storage property and if so is this too much of a price to pay for a truck yard? I want to hear some input from the bigger pockets community!

Whats up Bigger Pockets Fam! Ill be joining you guys today.

Quote from @Kelley Ogletree:

My position can't be unique... I have a 6-figure W2 income but really will never be able to retire on it. As a single mom, I made every financial choice based on my kids needs at the time. We have a great life and I raised fantastic humans, but I never planned for my own future. So, here I am at 50 years old with adult kids and no retirement. I would LOVE to be able to leave my 9-to-5 in the next three to five years. My dream is to have STRs for cash flow to support myself and for personal use, but I don't know if I should start with that or maybe BRRRR a house or two (or more if I love it) to generate funds to get into the STR game. There are so many different ways to get started in RE investing and I don't have time to make the wrong decision out of the gate. I'm hoping someone on this forum will be able to help me narrow it down. Here's the down and dirty of my current situation:

$100k+ annual W-2 income, but a maximum of $750/month available to invest

$30,000 in the bank

$140,000 equity in primary home (selling my house is not a step I am willing to take)

Below average, but not horrible credit score (my son wants to do this with me and he has a good credit score, but not much in savings)

BRING ON THE ADVICE! Thanks!

Kelley, Hello Rudy from Cali. What I got from your whole post is "Cashflow to support myself and for personal use" is what you mainly want/need. Im going to go against what you what you want to get it from and you can get aid from there but IMO the cashflow from there is too low to support yourself and for your personal use. I wouldnt touch your home and i wouldn't leave your job because that's actually what's going to take you there where you want to go. 30k in savings is not enough to invest to make properties cashflow enough to support you. It will aid you a little bit in what you want to do but you'll have to have the big bucks for real estate to take you there in such a short amount of time. I would say you build a business instead. In something you like it wont feel like work. Looks like you have more free time now since your children have grown so after work on your free time you build a business from scratch. You use some of your money that you have saved and you hustle, you grind to build it to where it goes from you investing money in it to it supports itself to its making money now to Hey now its making enough money to where you can start saving money from it each month. Say your saving your saving your $750 per month plus the business adds another 3k per month and the business forces you to leave your job say in 8 years and now the business will make even more money now because you became full time in the business. Now you can have enough money to buy your first short term rental then another then another and so on. I feel your main problem is that you dont make enough money per month to invest. You can get investment loans that you put down 20% down payment and if the property you want to buy Cashflows more than what the loan is you automatically qualify for the loan. You dont need to jump threw hoops for a conventional loan no more. More expensive loan but your able to get the property. Or whatever type of loan you can get at that point to get the properties.

@Ivana Barber Paid cash for it. Years later here it was a great investment. All Tenants paying, great cashflow, it appreciated, I cant ask for more. How did i know it was a good deal? Thats where education comes into play. You have to learn how to read markets. How big is the city? how big is the metro? is population growing? average home price? average salary? Are the jobs there Diverse? What kind of Jobs is there? Now you dive deep into the property next. 

Whats up BP does anybody do evictions in Rowan county North Carolina? Or know of anyone... needs some help in this matter. Thanks in advance 

Whats up Sean I bought one withount being there and now it performs great. Ive still havent seen the park and its been a few years.

@Nicholas Estevez My G, there not investors

I much rather have a smaller cashflow potentially for life than a bigger amount now. Flipping is not investing in my book. Thats for profits, which is good too, but you build 0 wealth from it. Many realtors I know have $0 passive cashflow per month, and this is from years. I wouldnt want to be in there shoes. 

Direct Deposits , Cash, Zelle, Cash App, Paypal