All Forum Posts by: Alex Ballesteros

Hi Prachiti, funny i stumbled across this post because i was actually just skimming through this area on Zillow yesterday glancing at the multi-family properties market there. I unfortunately don't have much advice to provide in this regard since I am new to real estate investing, but I'd be curious to see what other people have to say about this area. I wish you well, take care!

Hey Anthony, 

I would make sure to get this first property squared off first before moving onto the next. Here are some things I thought of to check off the list prior to moving onto the next deal:

• Get insurance for your property

• Make sure the financing is finalized 

• Take care of any legal paperwork/ title searches with either your lawyer or title company

• Hire a management company 

Hi Jalen, I am also on the same boat as you... first time buyer, looking for areas to invest in multi-family properties. I also made a post.. if I receive any good input, i'll be sure to share!

Best Wishes,

Hi Jonathan, 
I would maybe suggest to get at least 1-2 more quotes in order to see if the price you are currently being quoted is reasonable & a fair price.

Make sure all contractors are bidding apples to apples (same scope & same/ similar materials).

Regarding the gutters, I would actually ask for a second or third opinion from contractors in order to get an idea of when the gutters will next need to be replaced. This way you can budget for this adequately.

Best Wishes,

Greetings everyone! I am new to the BP community & to the world of real estate in general. I am currently in process of learning & have no first hand experience. I have some capital saved up totaling to around 87K to start off, and I would like to buy my first multi-family property within the next 6-12 months. What markets (cities/ states/ areas) are worth studying with my situation?

Also, i just made my first post yesterday. Feel free to check it out, and share some tips/ advice for beginners. I appreciate all the help in advance! :)

Hi Rase,

Nice to meet you, I am also very new here in the community! & I am in a similar boat as you in terms of goals; looking to invest out-of-state since I live in Los Angeles (which you know is also very expensive), and i also plan to quit my w-2 job within the next few years thru investing in real estate. 

I wish I had advice to offer you but I am only a few months deep into studying with no first hand experience, but I wish you well along your journey & path! I also made my first post yesterday if you're interested in checking it out. Take care!

Hello All,

Alexander (Alex) Ballesteros, a young 24 year old adult who is new here in the Bigger Pockets community & to the world of real estate in general. With little knowledge, and zero experience in the field of real estate, I've recently discovered my interest (and potential passion) within the field. To educate & inform myself, I've been watching several YouTube videos, researching articles, and just began reading, "How to Invest in Real Estate..." by Brandon Turner & Joshua Dorkin.

My interest in real estate has me devoted to learn & invest within the field in order to obtain financial freedom (just as many of you I'm sure). I eventually would like to quit my 9am-5pm job & be solely dedicated to managing my investment properties & scaling my real estate plans. I know this wealth-seeking journey isn't going to happen overnight, or be easy, but it is something that I will achieve thru perseverance & dedication. I have been working hard since the age of 15, from washing cars to waiting tables which has ultimately lead me to find a full time sales position with a decently-paying salary (plus commission) job. The highest level of education I have is an Associate's degree in Business Administration, and now currently pursuing obtaining a Real Estate license (I start classes next semester). 

In terms of my credit & financial situation, I started my credit since the age of 18, bringing me to a healthy score of 740, & I have 60K in Roth IRA contributions, 25K invested in the stock market through a financial advisor and 2K in my savings account which totals to a liquid amount of 87K. I currently live with my parents & on the verge of moving out. I plan to rent an apartment (or move in with friends) here in Los Angeles. Essentially, I would like to make my first real estate investment in the near future (maybe in the next 6-12 months) with a single or multi-family home. I'd like to find a property that I can fix up cosmetically to raise the value of the home & provide me with cash flow in order to start saving for my next investment.

If you've made it this far down & were in my current situation (starting off in real estate), what would you do? 
I appreciate will appreciate all feedback and advice from you all! :) - Alex

#realestate #rookie #beginner #longdistanceinvesting #longdistance #shorttermrental #startingout #beginnertips #househacking #losangeles #socal