All Forum Posts by: Art Morgan

Nice! $265K in Riverside, and you're well on your way. It's tough to find places under $300-400K on the MLS, but they're out there. Let me know if I can help in any!

I can help with that!

I can hook you up with our team!

Probates can be a pain because they can be so long-term before you even start the project, but can be worth if if you have the time!  Like others have said, your best bet is to go with a hard money lender because of the condition of the property.

It seems like all roads lead to "Rich Dad, Poor Dad" in this space.  Robert Kiyosaki was just on the BiggerPockets podcast, episode #500... check it out!

A good follow-up book to that is Set For Life by Scott Trench.

@Vierra Wong - I have clients in Riverside and San Bernardino counties finding cashflowing properties all the time.  We're looking in the city of Riverside, Redlands, Loma Linda, and the desert for short-term rentals (Palm Springs, 29 Palms, etc).  It's a matter of strategy!  The higher the down payment, the better the cashflow, BUT these counties make it possible for less than 20% down as well. :)

What area you in?  I could send you a referral or use you for my projects! 

Alex, I can hook you up with our lending team!

Hey Isaac,

I'm in the Inland Empire, and would love to help!

Give me a shout!

I like where your head is at, Eliot! My advice is to get connected with a realtor here in Bigger Pockets who is familiar with investing and househacking. It would definitely be worth looking into something like an FHA loan with 3.5% down to keep the remaining money that you budgeted "liquid" for your CapEx fund.

A lot of people get scared by HOA's, but they can be incredible value! They keep the common areas tidy and safe, as well as taking care of maintenance and care of common areas and exterior as you may know. For example, when it comes to CapEx (like you mentioned), you can focus what's going on within your 4 walls because the HOA budgets for the roof, siding, plumbing, etc because it's all common among the other condos.

As you likely know, all that matters is that your PITI (principal, interest, taxes, insurance) are covered by your collected rents. Rentometer and Craiglist will give you the most accurate figures for that.

Message me, and let me know how I can help!