All Forum Posts by: Angeli Castrence

@James Wise Thank you for this comprehensive response!

Does anybody have any insight on purchasing out of state from a turnkey company? Would you recommend this route for a new investor? Thank you!

Hello,

I’m a rookie real estate (soon to be) investor looking to buy and hold property in the Dallas,Tx area. I’m searching for a real estate agent who is experienced in dealing with out of state investors.

I am a total beginner in this real estate investing world and have never purchased property before.

Any advise and referrals I greatly appreciate.

Thank you,

Angeli

@Jon Schwartz

This awesome and very helpful!

Thank you so much.

@John Morgan

Hi John,

I’m not surprised that people are moving out of California. That’s definitely my plan in the distant future. You mentioned you’ve invested in C class properties, meaning it needed a complete rehab?

I'm deciding between house hacking in LA or buying SFR in Las Vegas or Dallas.

Thanks,

Angeli

@Terri Haley

Hi Terri,

Question about property taxes. If I’m a resident of California but own property in Texas. Will my tax be based on my state of residence or wherever I own property?

Thank you,

Angeli

@Jon Schwartz

Yes, I’m interested in the Carmelina property. What do you think about tenants not paying rent due to the pandemic?

They have already started construction in that corner. There’s also a low-income apartment building being constructed in Bundy and Nebraska, where the animal shelter used to be. You’re right, plenty of development in this area.

@Jon Schwartz

Did you rehab the duplex you house hacked? If so, did you do the rehab yourself or hired professionals?

Do you think long -term investing in LA is worth it as opposed to investing in an up and coming growing market like Las Vegas?

Found this 4-plex located around my current neighborhood:

https://www.redfin.com/CA/Los-Angeles/2232-S-Carmelina-Ave-90064/home/6756366?utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link

@Jon Schwartz

Hi Jon,

Thank you for your input, I very much appreciate it. My family is in Las Vegas, I checked the population like you said and there has been a 3% growth rate every year since 2004.

I have thought about house hacking a duplex or a triplex. The downpayment for a primary residence might not be as high compared to an investment property, my issue however is that a lot of properties in LA require a major overhaul or it may be located in an undesirable neighborhood. Rehabbing property in LA can also be pricey is it not?

Best,

Angeli

I am a complete newbie and am planning to buy my very first investment property (very first property to be exact). I live in Los Angeles but the real estate here is way out of my price range. Does anyone have any advise on purchasing real estate from out of state (Nevada or Texas)? I have family in Nevada who knows the area relatively well and also have a real estate agent. In Texas, I have no connections except for friends who have no interest in real estate. My question is, how/where do I start and how do I choose which state to invest property in?