All Forum Posts by: Alfonso Aramburo Zepeda

Just started playing around with it a bit...
Wish their interface was a bit more intuitive or user friendly.

Hi @jamescourim did you get an answer? I just signed up but I am trying to find info

Looking to get some feedback on Epic Real Estate coaching by Matt Theriault's team. Achieve Today seems to be working with them and their program consists of anywhere between $5500-9000k for one year of coaching. Has anyone signed up and had success? Any negative experiences?

My husband and I are finally ready to take the plunge and buy our first rental property. We always hear from bigger pockets, social media, podcasts, etc about not having to use your own money in a deal. We are pursuing hard money lenders but a lot of them seem to require 10-20% down for a deal which we either don’t have (all of) or simply just don’t want to use. How are you all securing these deals without using your own funds? Is it really true we can do this without using our own funds?

Approaching others for money or partnership can be challenging!! The most important factors in these steps are 1) being known and 2) being trustworthy.  Start with the people in your immediate sphere of influence that could potentially fit the bill.  Create a possible scenerio or two and create a presentation on what a partnership would look like (examples). And have a face to face meeting to discuss it.  Regardless if they say yes or no, ask they what lead them to say that.  This will give you great feedback on what to do or what to change for next time.  PS- I'm a high performance coach and do a lot of work with clients on helping them grow in their confidence and courage as they build more relationships in their professional life.  I'd be happy to talk further if you'd like to learn more.

Hello Bigger Pockets community! 
 I am seeking advice!! My fiancé and I are very new to this. We don’t have family or friends that can give us advice so I rely on books, podcasts, and experts for help. We have been looking for properties for about a year and I would like some advice on what you think the best move for us is according to our situation.

Our situation: We have been approved for 1.2million, have about 100k in savings, great credit, and have some student loans but no other debt. We make around 250-300k/ year together (just began our careers and really depends on our overtime). 
FIRST time buyers in California. We would be living in this property until we buy our personal home. Looking in Orange County primarily but open to San Bernardino County. We would like to buy an investment property before our own personal home and purchase our first property in CA. However, eventually just invest in property out of state. These are my current options (if there are better option I would appreciate the feedback!!)

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Option 1: Use CALHFA can only be SFH with ADU (no multi family!). They will give us 15-20% down payment, we will need to pay back the down payment loan PLUS 15-20% of our EQUITY if we sale or refinance. Program just came out this week so have to do more research.

Option 2: Get a duplex with 5-10% down. I have been told we HAVE to put down at least 20% down for a triplex and above and therefore buying a triplex/4plex doesn’t seem feasible. My fear is buying a 1million+ duplex or fixing it and never having cash flow, (in Orange County I see that is about the average price).

Option 3: Buy more affordable SFH around 600-700k BUT invest out of state. (Don't want to make a mistake by buying our personal home vs. investment property first) but I'm starting to see how hard it is to invest in CA.

Have you thought about wholesaling your deals to raise cash? Finding deals is the key to success- if you have them, you can make money. Get them under contract and post them on Facebook forums and Bigger Pockets and local RE clubs via meetup.com. If they are real deals then you will find buyers.