All Forum Posts by: Alexander Parada

@David Hines It has been remodeled new roof, ac, water heater  and all. 

@Will Stafford I buy three house rent out for $1500 each after prop tax insurance Im left with $1k free and clear each month that is at a 450k investment. On a 340k Investment Im making 2k free and clear as of today. I rented the back house only for 6 months to think about what to do which option is up in two months. I tried using front bungalow as a flooring studio that did not pan out but always knew the potential to flip is there. Do you own any props if so what part of town do you invest in?

@David Hines Maintenance cost Monthly $40 . House is paid of in full. Taxes are $8500.00 Yearly. Realtor only charges for one month lease to get tenant in place I prop manage on my own having a construction company its easy for me.  Do you own any props if so what part of town do you invest in?

Hello Everyone I got a property free and clear I bought for 290k all in at 330 After remodels. Rented out the back apt and the front property I would get a total of $3k a month which is 36k a year - 8k a year in taxes so lets say after realtor cost and insurance Im netting 23k a year free and clear what do you guys think about this investment ? If I sell for 490 is there a better opportunity else where? Without having to acquire a bunch of props with 25% down looking to have the best investment in one prop to have greater cash flow now not when in 60. Currently 31 let me know your thoughts guys Thanks.

Hello everyone, I want to see who is buying their REI in cash ? Also are you cash only investors opposed to financing REI? Why would you buy the REI out right vs Snow balling the props or having a mortgage on them? What cities are you investing in?

Lee Ripma Retire in 10 years having rental properties. I live in Los Angeles and Invest in Houston, TX where I currently own a flooring business.

Buddy Holmes looking at it as a strictly investment not living in duplex. I live in Los Angeles I invest in Texas. But just seeing here is the goal to cash out in 30 years using this method?

Hello Guys been listening to all these great stories by BPP! Have some questions for you guys when buying a home with 20% down as a investment is this only a 30 year play until mortgage is paid off? How can you generate profit from this strategy quicker? Im trying to make moves fast enough to be able to retire over the next ten years. I have big RE goals for 2017!

@Lane Kawaoka

Whats up Lane,

good Points Lane definitely looking in to buying more props instead of paying off my home now. I was fixated in the 240k the bank makes of the 30 years after loan is paid off. In turn I will buy more props and maybe multi families to surpass my current mortgage exponentially. I don't have a saving problem as I do have 5 homes paid in full so no need to pay off mortgage. Im Thirty one years old so just trying to retire early in life with less debt. Thanks for the detailed break down with your thoughts Im just a sponge here soking it all up! 

@David Faulkner

Sup David ,

Primary residance purchased for $540k now worth $900k purchased in 2013 in the Los Angeles area. 

I work in construction so I looked for a deal to rehab move in and be able to make $ when I sell. Im thirty one years old so I was looking at just trying to eliminate debt asap! But after the overwhelming feedback Im most definately buying more homes with 20% down starting with Four this year then seeing how that goes. Baby steps before I start running. 

@Ellis San Jose 3.3% fixed 30 YR $1500 monthly.... 

Hello Guys I own a flooring store. We have three locations Houston, Katy Texas and in Woodland Hills, CA in the Los Angeles area. I own retail stores selling to the trade and anyone with a home we specialize in hardwood flooring. Construction is not a consistent business so I invest in real estate to keep me up float through the ugly months. I have 5 rental props in The Houston market area. Looking to link up with people brain storm and buy houses out of state being in Los angeles your dollar goes so far.