All Forum Posts by: Steevee Reroma

Thank you so much for the detailed post @Adriel Hsu! so appreciate this, I am one that is so afraid to take the leap, congratulations! now everything that will come after will be so easy for you. 

will do that, thanks @Chinmay J.!

@Chinmay J. It's a residential property in Honolulu, it stood out to me coz it was so cheap, I just dont understand why it's up for sale and there's a lease in place till 2024. Does this mean that there's a tenant until 2024?  

"Note that unit is Leasehold and the Fee Interest is Not available for purchase with the lease ending in 2024" 

I am looking at a property for sale but has the above condition on it.

Hi Jacob, 

Open a ROTH IRA account, make it automatic, $458/month or $229/paycheck, in 4 years, you'll have about $20,000 saved with gains year over year. You can then pull out your capital as a downpayment if you need more, if not, keep it there for retirement or any future use. It doubles up as a savings account and a retirement account. Start investing it in a Target Retirement Fund at Vanguard, it's only $1000 to open an account.

It's where I am putting my downpayment money until I a good deal comes.

thanks Jeff!  

I have seen prices here in the Valley go up very quickly, last year SFR's were at high 300's, now its at mid 500's, same prices where it was in 2006-2007.

@Jeff B. is MFU, Multifamily units?  which areas? 

@Aaron Mazzrillo thank you sooo much for for your insight, i really appreciate it, I have said the same thing to my Partner (I have the knowledge, he has the funds) that its better to wait a little bit, we are at peak right now, and market is changing.   I am taking this slow time to learn as much as I can. 

Thanks so much! I have found some in Riverside county, San Bernardino not so much, will check out Lancaster and Bakersfield, also found some in Lake Elsinore for under $250K, now to figure out if the 1% will apply .... 

Hello, 

Partner wants to start investing within driving distance from us, about 2-3 hours away from Los Angeles. Where is still a good place to look? Were looking for properties under $250K, turnkey or BRRR preferred. I have checked some turnkey websites but only show out of state properties. Is there any that's here in Southern California?

Thanks in advance!!