All Forum Posts by: Alfonso Aramburo Zepeda

@Nathan Hall

I rent for $1750+utilities. 2 bed, 1 bath house with garage and huge backyard. Duplex would be my first option if I found a Duplex in B- area/calm neighborhood. Most of the ones I've found so far are in C+, C- areas in my area. After buying the house I'll jump into a Duplex and expand the search within a 25 min drive from me. Average type of duplex I like here goes for around 500K.

@Alonso Escalante

Then you know what a deal looks like here at this point time...

@Tanner Marsey

Oh yeah, it makes me want to invest in the midwest and get those houses for $30,000 that rent for $800! It’s just a dream here.

@Brant Richardson

Unless I had 250K sitting in the bank would be a way different story. You got it right, trying to be creative to at least break even with rentals where the market is now.

I’ve been thinking about Investing out of state. Even though it sounds fancy is more for self-preservation lol.

This is what I was thinking on doing if a decided to take that leap:

1. Research about the market, price to rent ratio, demographics, economics, growth, laws/permits required, taxes, zoning of the area.

2. Have an agenda-schedule to go and meet the boots on the ground team including Realtor, Property Management, lawyer, partner, etc.

3. Attend meetups and network physically.

4. Rent a car, fill the tank and visit and focus on the area I want to invest. Get to know the city.

5. Network Online (Thru BP of course)

6. Run a proof of concept with a “little investment” to see how things work out.

7. Then go All out.

Good luck on your venture! 💪🏽

I just want to be sure it is a good Deal and I’m not being carried by the Investor-motion lol!

I believe historically properties keep appreciating in our area (except for 2008-2010) I’m focusing in the Inland Empire close to my residence.

Thing is, previous owner insulated the garage already and put carpet. So, “minor” remodeling would be needed.

That is the most conservative number, the optimist number would be $440,000 per the comps. 15-20% under market value, and yes, not 30% under market value which would be more desirable. After months of looking I haven’t seen yet those numbers in my area without having to pay big amounts of cash.

Wow! Here I am looking to invest in Sinole SFR's lol!!

Congrats! Hit the jackpot by taking a big risk!

One day.. one day..props

@John Teachout 
The house could rent for $2,200-$2400 & the 1 bed 1 room for $1200 after being built.