All Forum Posts by: Allan Ramos

Thanks for the advice. The ladder would be the best situation for me. I am assuming other investors with full time jobs who have their license have a similar arrangement with a broker. I do want it to be a win-win situation for the broker and I. 

@Nabil Suleiman

I don't expect to be looking to make a purchase for another 3-4 months or so. After project is complete I will refinance the house,  then will AIRBNB the house and see how that goes. I will be using the funds from the refinance towards the next purchase. I appreciate the offer though. 

I am looking at culver city area at the moment. I haven't done my due diligence on that area but there are houses that fit my particular criteria and the numbers work.  

Originally posted by @Nabil Suleiman:

@Allan Ramos What are are you looking at? I would love for smaller firms that don't push full time. Also just have little to no expectations for anyone to be available to help.  

@Nabil Suleiman

I will be finishing up on a project in the next 6 weeks or so. An ideal house would be an old 2 beds 1 bath 800 square ft house in an A area. Basically looking to buy at land value, do demolition and build from the ground up. Full time is not an option, staying positive that i can find something that suits my particular needs. 

@Nick Hedberg

I appreciate that. I'm hoping to find something a little closer (and avoid the 405 fwy) but I will definitely keep you in mind. 

Hello BP,

I am looking to hang my real estate license with a local broker. I am not looking to work full time as an agent. I just want to use my license to have access to the MLS, buy and possibly sell homes for my portfolio. Can anyone recommend a broker or brokerage firm? Thanks in advance everyone.

 Thanks for the info

Originally posted by @David Faulkner:

Flipping is great too ... so profitable in fact that I flip everything I buy, it is just that most times I flip it to the rental market instead of the sales market, that way I get the short term forced appreciation AND the long term market appreciation AND the long term cash flow from rent increases, all compounding with leverage nearly tax free ...

This is exactly what I am attempting to do. The problem I foresee is being able to scale up and have sufficient funds for the next BRRRR Flip. Actually selling some, finding partners, developing relationships with lenders are some of the options I'm considering.

@Tim Chen 

I am not familiar with the real estate market in the IE and Riverside county area. Will definitely consider the areas when I purchase multi unit properties in the future. I will be the guy who puts signs that read "I buy ugly apartments". For now ugly houses work for me.  

Torrance has seen some good appreciation the last couple of years. You wont find good cash flow properties in this area though . The Del Amo mall is still ongoing construction and I believe is the 5th largest mall in the United States. The galleria mall located in the border of torrance and redondo beach has made major renovations. Inglewood is not that far away and will have 2 nfl teams (currently have an NFL team playing in LA and will have 2 soon, 2nd team will play in carson next year). 

There is a new soccer team playing in south LA next year with a brand new stadium. Torrance is minutes away from the very high priced beach areas (redondo, manhattan and hermosa beach). Good schools, low crime area that is reflected in home prices... 

It really depends on what you are strategy will be. If its a flip then yes there are some potential deals out there. A BRRRR strategy as well, I am currently doing one here in Torrance. Hawthorne, Lawndale, Gardena, San Pedro might be some other cities that you should look into especially if you don't have the cash for a more expensive area that Torrance is now considered.

I agree with those stating that CA is more of a FIx and Flip market then a cash flow producing market. I believe there are deals to be had if you do your due diligence on the particular area you want to invest in. If you cant find deals in that area, look further along and find a new area (more miles away, not a state away). I know there are people that make money investing in different states, I feel I need more control. At least in this point in my life as I continue to gain more experience. Also I weigh appreciation in higher regard then cash flowing investors when it comes to my investments. I weigh FORCED appreciation more is better said. CA is a market where you can force prices to go up and if your in and out in 6 months (or BRRRR it) chances are you wont be too affected by a possible downturn and the forced appreciation should bring you cash flow.

If there is a downturn then great, buy another property. I'm not smart enough to know when the market will turn, so I will buy in a high, low, and stagnant market. This doesn't mean I wont become an expert in my market, but I wont worry about outside factors that I cant control that might affect the economy.   In other words, just get started and make informed decisions. 

I appreciate that

I agree. I have learned the more conversations I have on a particular topic the more I sharpen and or add to my tool belt and learn. I have a goal of writing 10 posts on BP a week.

Hello fellow BP members,

I have been a long time lurker on these forums. I want to thank all of the members who have shared their knowledge and BP for putting on a platform for them to do just that. I have learned a lot by reading posts, articles, podcasts,  BP books and recommendations.  I am very grateful for all the time and work people have put in for newbie investors like me to learn. 

I work a full time job, and I am in the process of BRRRR my house. I am doing a major addition and renovation to my house and should be finished by July 15. My dad is a general contractor, we are partners on this project.

I will do a cash out refinance and will use those funds to invest in a second property. I want to Spec build in nicer nearby areas (redondo beach, hermosa beach, manhattan beach, culver city, los angeles etc).

I hold a real estate license but do not have it hanged with a local broker. I would like to find a local broker who is also an investor. I got the license only to buy, and sell my properties. 

I hope to meet local investors and create relationships even if its just friendly relationships. I find myself talking about real estate all the time and do not have friends with mutual interests. Maybe that's why i find myself reading BP all the time.