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All Forum Posts by: Angel Ricardo

Angel Ricardo has started 2 posts and replied 7 times.

@Annie Johnson thank you! Just checked that video out! Will serve me tons as a reference!

@Charles Cooper thank you! all these tips are really helpful and I will be using to analyze deals. Thanks for all the great info!

@Jon Schwartz great! thank you! yes, properties in LA are really expensive. Thank you for breaking down the tax and insurance. That's really helpful. Regarding cashlflowing properties, that is a great way to think of it, as long as you are saving on your monthly mortgage, that should be a win in this market. 

I live in the city of Compton so I was looking around LA just because that's where i have actually found multifamilies. It's hard to find elsewhere and if I do, they are really expensive!

@Jon Crosby thank you so much for the input! I can use these tips to get a rough estimate at least. 

Hello everyone, I am new to real estate so pardon the lack of knowledge. I'm trying to learn how to analyze properties and run the numbers. What is the easiest way to find what insurance and property taxes are and how to calculate rehab costs? Secondly, is it possible to house hack in Los Angeles and still be able to cashflow if you put less than 20 percent down payment? Houses are really expensive here to be able to put down 20 percent but because I have to experience, I find it hard to invest elswhere.Thank you all!

Great! @Oliver Carey thanks for all the useful information!

Hello everyone. I am a new member on BiggerPockets and and love the idea of doing big things in real estate investing. Had a few questions regarding the BRRRR strategy.
1) when we buy a property, does the lender typically pay the entire cost of the property plus the rehab? Is there a certain down payment we need to pay the lender?

2) in order to refinance I think we typically wait about one year. Are the monthly payments we make to the lender for this year similar to what we would pay on a conventional loan?(aside from paying higher interests)

3) Lastly. When we refinance, what exactly do we pay the BANK(assuming that our lender) if we’re not providing a down payment?

 I’m sure these are simple questions but I’d like to understand the fundamentals and achieve great things. Thank you all!