All Forum Posts by: Alex Larcheveque

Thanks for all your answers! Gives the perspective on why it takes some balls to get into the new construction game. I will continue walking in baby steps, thanks!

Hi everyone, my name is Alex. I've been a part-time realtor but mostly investor for around ~4 years. For my next major investment, I've been thinking to get into new construction. It seems like it has the most upside, but I'm sure there are horror stories around pulling permits and dealing with the city. 

I wanted to reach out to ask how does one start in new construction? Do people dive into it cold turkey? Do most newbies normally hire out a GC to build their first house? Or do most investors getting into new construction start with some type of fix-and-flip background? Would love to know how to break into this market at some point. Thanks!

Hey Andrew! I have a business where we manage STR/MTR in West Los Angeles. My website is https://www.hostedbyalex.com/ if you want to take a look. I'll send you a connection request!

@Aldrin Gacuya I think they were going from around $1M.

Hey @Aldrin Gacuya, I didn't see this until now. They are townhomes, but are quite large!

@John Slater What tool do you use for pre-foreclosures?

Yup, Anaheim banned STRs altogether. You can try Santa Ana as your best bet.

If you want to invest out of state that is less daunting, one option are turnkey investment companies. They will present you with a recently rehabbed home, will sometimes manage the property, all you need to do is purchase the property (loan or cash). Look into https://renttoretirement.com/, they're one of the leaders in the space. 

Damn, 20% returns in the stock market!! Just keep doing that forever lol.

To answer your question, it depends. If you want liquidity and more passiveness (assuming you invest in index funds, ETFs, etc.), stocks are the way to go. If you want tax writeoffs and usage of leverage, real estate is the way to go. 

Should be fine to use Venmo. Out of curiosity, why not Paypal? They have better "paper-trailing", and can also be free if you send as a friend.