All Forum Posts by: Steven Zamorano

Hello Bigger Pockets Community!

I live in Southern California, and I was wondering if anyone has any recommendations for meetup groups online or in my area!  Regardless if you are in my area, what meetups would you recommend for new/active investors? All references are welcome.

Thank You

Yosef, 

With all the obstacles being thrown at you and your team, you rolled up your sleeves and persevered. Your team came together and found solutions.  I am new to this game and seeing stories like this, show me that anything can be done.  If you did this in one year, I can't wait to see what you can do in ten!  Keep up the amazing work. 

@Christopher Boshae

Same boat! I have been constantly analyzing properties all over and it doesn’t seem like house hacking is an option unless you have the cash to back it up. Properties are selling for way over asking. The numbers just don’t seem to add up unless you’re putting 20% or more.

I think it’s myself. My goal was to get my first investment property in my area (Los Angeles) because I wanted to learn the ins and outs of the game. I wanted to manage it and build a team, locally, so I can learn what it takes. The issue is that I live in a very expensive area. It seems like it is a seller’s market and the properties are selling way over asking and really fast. I haven’t found any properties that can cash flow.

Anyone having any success in the Los Angeles Area? I am worried about investing out of state on my first purchase. Anyone have any tips or strategies for a newbie? Anyone worried about the moratoriums being extended? Any information would be greatly appreciated.

@Jackson Hartman

Congratulations! Awesome you started your journey. I appreciate the post because it gave some insight. I am currently looking for a deal but I live in Los Angeles and deals are hard to come by and rents are way under market.

I am looking to invest out of state as well, but I was hoping my first deal would be something I could manage myself.

Keep going! On your way to Financial Freedom!

@Esteban Jimenez

I noticed I’m on BP everyday. I, typically, use the calculators to analyze deals. I also use it to network and get different insights through the forums. I need to try and utilize the articles that are on the platform more but I am still getting used to it.

My experience so far has been awesome. Everyone I have messaged with have been so insightful and willing. It has been an amazing journey and I can’t wait to get my first deal!

@Jamie Fankhauser

Awesome post!

Rich dad poor dad

The alchemist

Evicted

Cash flow quadrant

Think and Grow Rich

The book on rental property investing

@Will Barnard

Thank you for your response Will. While I was running the numbers, it will definitely have a negative cash flow if only using the SFR. But in the back of the property, it has plenty of room to build a detached unit or units. I have noticed that the lumber market and other building materials have been skyrocketing the last year alone and it is expected to continue to go up for the time being. I have been analyzing deals everyday looking for opportunity but seems like the best option is a SFR with a potential ADU.

I am eager to find a buy and hold rental property but deals are hard to come by. I noticed you said you do all types of work in the northern region. Have you completed any recent deals? Do you typically go after specific strategies or do you branch out? What do you look for and where do you find your deals?

Thank you for your input. I am very interested in what you have to say!

Congratulations Shane on your first purchase! I am currently looking to complete my first deal.  Looks like you got creative by adding the central AC to the units, and adding value to the rent.  

What was your process in locating a R.E. Agent? Were they a referral or did you shop around?

Was the loan FHA or was it another program?

What Strategies did you use for locating Tenants? 

It is awesome seeing other investors taking their first step into the life. As mentioned, I am looking for my first House Hack, but unfortunately, I live in Los Angeles and properties are quite expensive, but I am determined to make it happen.

Good Luck on your journey and I look forward to hearing from you!

Hello Bigger Pockets Community,

I am looking at a property in Los Angeles. It is a single family house but it has room for an ADU. During this time of Covid, how difficult is it to get plans approved? Also, with materials being so expensive right now, how are Investors making a profit? What questions should I be asking and how do I understand zoning regulations? I was hoping to possibly build a two-story ADU with 2 bed 1 bath for each unit. I am a Newbie, and I do not want to bite off more than I can chew, so any information would be much appreciated.

Thank You