All Forum Posts by: Alex Ballesteros

I have been doing research on the BRRRR strategy & i always seen to get confused when people talk about the refinancing and getting 75-80% LTV on the ARV. Can someone please help explain this method & provide an example with numbers/ scenario? Any detail & depth in the explanation would be appreciated.

Im looking for a good book that is informative on how exactly to study a market, does anyone have any suggestions?

If i buy my first house with an FHA loan, how long do i have to live there before buying my 2nd investment property?

Hi,

I’m wondering what peoples general opinions are if it is a good time to buy at the moment based on how the housing market is currently? 

I was looking to pull money out from my Roth IRA & investments in stocks, but the stock market is not doing so hot this year (given my investment accounts are down).

My game plan would be to buy/ house hack a duplex or triplex here in LA or OC area (looking around $500K - $600K). And i would be trying for a conventional conforming loan or an FHA loan.

Let me know your suggestion & opinions! And if you have any area suggestions (in LA or OC) with that budget.

Hi, I live in the city of LA and I am on the path to purchase my first home within the next 1-2 years and I was thinking about potentially house hacking so I could apply for a FHA or conventional conforming loan to be able to get a 3.5-5% down payment, but then I began to wonder if it is possible to live outside of the house (in other terms rent & live in a separate property) once I have already been approved for the FHA or conventional conforming loan?

Is this possible? Are there any obstacles (if possible)? 

I'd really appreciate some insight on this topic.

I’m thinking of potentially investing out of state & would like to know the common mistakes & issues from your guys personal experience. 

How have you navigated through these issues ? Any advice?

Any recommendations on books to read to gain knowledge on the structure of buildings, building codes, history of buildings & how they were built, etc.

Ultimately, I would like to gain a better understanding of these topics & concepts to know what to look out for when purchasing older - newer homes. I want to be aware of some potential underlying red flags or issues when making a purchasing investment properties (one example of this would be as simple as Asbestos).

Any recommendations on books to read to gain knowledge on the structure of buildings, building codes, history of buildings & how they were built, etc.

Ultimately, I would like to gain a better understanding of these topics & concepts to know what to look out for when purchasing older - newer homes. I want to be aware of some potential underlying red flags or issues when making a purchasing investment properties (one example of this would be as simple as Asbestos). 

Any suggestions on any real estate investing clubs in LA ? Currently looking to get more involved & network with more people, as well as learn from others & i would love to join a club here in Los Angeles. Any suggestions on any clubs here?

Feel free to share personal experience & if any fees are included in the membership of the club.