All Forum Posts by: Sabrina Perrino

@Mike R. That’s good to hear! I’m glad your properties are getting used. When I had started looking for properties earlier this year, I was being told to expect 3 day breaks between vacation renters so the numbers didn’t add up to anything like 2019, but lately it seems like city families are itching to get to the woods. Have you had any major expenses related to covid cleaning procedures and how didn’t you adjust for that?

@katyreid Hi Katy! It looks like with heat, AC, water, hot tub, TV, and Covid cleaning the only way to really find $$ success is to either find a cheap fixer upper or get your cabin super popular on instagram so people are coming to you. How have you been doing? 

Originally posted by @Twana Rasoul:

Hi @Ali Boone  I didn't use 850k as an example but even a duplex at 850k that is $1k/month negative in san diego using an fha loan will be a better bang for your buck in the long term in both cashflow and appreciation.  I've made more money overall buying cashflow negative properties here than extremely cashflow positive properties in high cashflow markets.  I won't go further here since @Dan H. addressed my other points.

Initial cashflow is extremely overrated and misunderstood.  quite a bit of people starting out seem to want the instant gratification of $100-$200/month initially than start off negative and be thinking 5, 10, 15, 20 + years out.  Only looking at initial cashflow to determine if a property or market is a good investment is completely inadequate.

Everyone should start in their own market before investing out of state.  Personal opinion.

Hi @Twana Rasoul! Can you explain more about why people misunderstand initial cash flow? Is the idea that analyzing ROI for the 1st year vs. 5th year etc shows some anticipated growth and that's how people are comfortable with starting cash flow negative? I think newbies are so inexperienced that the idea of an initial positive cash flow property is one of the few ways to feel like a "success." What do you think?

@ JJ P. I really appreciate your realistic advice! I have been thinking long term rental may be a better fit for my financial goals and will consider researching deals up there. When I was younger, I used to call Temecula "NorCal" LOL and there were no homes around. I can't believe how much RE is in that corner now! 

@Mike R. You are so wise! Yeah, I figured that a smaller cabin would be a better option during covid, but I will never have time to self manage so I think my profit margin is going to be too slim to be successful in Big Bear. 

Thanks @Mike R. and @Todd Rasmussen for your insight. I was hoping to avoid self management bc I'm 3H away (San Diego). If I can only put down 20% on a 250k 2/1 property, it seems I'd only have success w positive cash flow if the mortgage were less bc the expenses seem fairly fixed for what renters would expect (ie cleaning and utilities). Am I analyzing this correctly?

Hi! I'm new to RE and trying to understand how anyone can be successful in Big Bear vacation rentals. It seems the expenses I keep calculating end up always being more than the monthly income.  How much is usually spent on the 24/7 and check-in and cleaning teams? Any how much is usually spent on utilities like heat and air and hot tub? Thanks to anyone w insight on this!

@Dan Heuschele I used to work 80 hrs/week and now only work 40 so now I feel like I have a lot of free time LOL. I really appreciate and respect your advice and will spend some time learning about syndication other more passive options. Hopefully I can find a niche that works well w my primary career.

@ Dan Heuschele You know so much and I will be spending the next few days literally googling some of the terms you've mentioned HAHA. What do you mean by extract? It does seem that SD SFHs are older with little space to add an ADU so I wonder if rehab and then holding onto the property to rent would be a smart move to let money grow nice and slow.

@TJ Watson You guessed it right! I'm a pediatrician and loving it. It was totally worth it, but now I'm ready to diversify my $$$. I'll check out Brandon's webinar this week. I think I'm hesitant about investing out of town bc I'm from SD and only know this city . Even if I can net zero on the first property, I'd be happy just for the real life experience. 

@Justin Windham Thanks for the resources! 

@Dmitriy Fomichenko Thanks for all of these great resources! I'm halfway through the book and have been listening to the podcasts for a month now. I want to avoid "analysis paralysis" and am ready for action.

@Twana Rasoul Thanks! I will def reach out to you this week with lots of Qs. I would love to hear about how you got started.

@Marlen Weber It's feels incredible! Thanks!

@Luis Cruz Please let me know how it goes! What type of properties are you look into?

@Maxwell Ventura Thanks for reaching out to me! I'm only 10 min from you and will def reach out to you this week to pick your brain about what could be a good starting point.

Hi everyone! I'm Sabrina from San Diego and am completely new to Real Estate. My original plan was to own a single family home, work to pay it off, and then...retire I guess. This year, I finished paying off my massive student loans (350k!!) and am looking to learn how to buy and rent single family homes in San Diego to increase my cash flow and maybe add more long term savings for the days when covid-19 will be a distant memory (sigh). I hope to hear from anyone who can help me learn how to find a "good deal" with these BP calculators. I'm 0 or 10 so far :) Thanks!