All Forum Posts by: Ashley Undercuffler

Quote from @Devin Anderson:

Hey everyone! I'm Devin and I'm in the West LA area.

I'm new to real estate and and I'd like to get started asap with any networking or other opportunities that will get me started.

Any help is greatly appreciated, thank you!

 Hi Devin! 

Welcome to the world of real estate and investing. There are so many things that you can do to get started so just remember to take your time and enjoy the ride. I suggest surrounding yourself with like-minded people to get your creativity flowing. There are lotta different avenues that you can go down as an investor.

House hacking, short term rentals, mid term rentals, fix and flip, buy and hold, etc. It would really help to understand what your goals are and why you want to be a real estate investor. Can you tell me what you got into investing for? If you want to message me privately, you can do that too. More than happy to help guide you! :D

Quote from @Eric Noble:

I'm planning to liquidate my rentals and my personal residence - move to AZ. I'm looking for creative options/agent support for my personal residence as it does not align well with the comps of my area.

Thanks

SSeller financing would be one option. Also, when listing a property with new adequate comps, your real estate agent must be very creative in the listing. "First single-family home with an ADU within 30 miles!". Needs to have a tagline like that to grab attention. Also marketing to investors is a strong concept. Obviously, you're an investor so maybe selling it off market is your way to go.

Come on out to meet some like-minded real estate enthusiasts just like yourself! We will be talking all things real estate and just hanging out to have a good time. Whether you're a pro or looking to start your real estate journey, you ARE welcome here.

This event is hosted by Ashley Undercuffler who is an agent on the SoCal David Greene Team. This location has food and beer and a huge free parking lot.

Let's chat, eat and network. See you there!

I'm looking for wholesalers in Oregon. Please let me know if you are a wholesaler that services Oregon, or know of any up there. Trail Oregon is the city I'm specifically looking in. Thank you!

Quote from @Martin Yu:

Quote from @Ashley Undercuffler:

Quote from @Martin Yu:

Hello all,

My name is Martin, I was born in Manila, Philippines - raised in Los Angeles. Like many others, most of my friends weren't into investing as much as I was and I found it really hard to find a group of people to bounce off ideas with. Long story short, I've been reselling sneakers as a hobby for a couple years now, and realized that no matter what I decided to do with my life, I knew real estate investing was the end goal. I decided to remove all the extra steps and just go straight into it! With that being said, i wanted to put myself out there and i'm looking forward to meeting and making some new friends on here. 

 Hi Martin!

Welcome to bigger pockets in the real estate community! You'll find that this community is one of the friendliest forums out there to learn about real estate and meet people in the industry. I'd also suggest looking up physical meet ups to attend and meet more people. It's a lot of fun! 

Are you curious about any specific form of real estate investing? Fixing flipping? Buy and hold? Short term rentals? There's so many options, it can feel overwhelming but feel free to reach out if you have questions.

Have a beautiful week!

 Ashley, 

Nice to meet you. I've found out very quickly that this community is very active and welcoming. Glad I decided to be apart of this as soon as I did. And yes, meets ups will be the next step for me. My plan is going to be buy and hold, looking for mainly cash flow now so I can transition into real estate full time. Will consider short term / mid term if the opportunity presents itself of course. Would love to keep in touch. I see you're from LA as well. 

Would like to know if there are any meet ups you would recommend that you've been to? I figure theres so many to choose from.

There are too many to list. I will keep an eye on the events page on bigger pockets and also create a meet up account if you haven't already on meet up.com. You'll start to see some of the same people going to a bunch of events. Just dip your toes in any close to you and see how you like them! People that you meet there will also refer the ones that they love to you.

Quote from @Martin Yu:

Hello all,

My name is Martin, I was born in Manila, Philippines - raised in Los Angeles. Like many others, most of my friends weren't into investing as much as I was and I found it really hard to find a group of people to bounce off ideas with. Long story short, I've been reselling sneakers as a hobby for a couple years now, and realized that no matter what I decided to do with my life, I knew real estate investing was the end goal. I decided to remove all the extra steps and just go straight into it! With that being said, i wanted to put myself out there and i'm looking forward to meeting and making some new friends on here. 

 Hi Martin!

Welcome to bigger pockets in the real estate community! You'll find that this community is one of the friendliest forums out there to learn about real estate and meet people in the industry. I'd also suggest looking up physical meet ups to attend and meet more people. It's a lot of fun! 

Are you curious about any specific form of real estate investing? Fixing flipping? Buy and hold? Short term rentals? There's so many options, it can feel overwhelming but feel free to reach out if you have questions.

Have a beautiful week!

Quote from @Alex Ballesteros:

I recently purchased my first property in Compton, CA back in November... 2 bd 1 bath, 4,400 S.F lot with a 2 car detached garage (approx. 480 S.F). The property is a "fixer-upper" and in order to maximize rents it will need about $60K in renovations, and I am also considering converting the garage into an ADU. I will be self-managing the project (not using a GC), therefore, the total cost of construction + adding finishes, etc will run me anywhere from $80 - 100K & I would be financing the ADU with cash. On the other hand instead of doing the ADU, i am wondering if I would be able to find a deal and do a STR with the same budget, and how that would kind of play out in return to the ADU.

Let me know what you guys think on this... pros, cons? Why you would choose one option over the other ?

 Hi Alex,

Both of your ideas are great options! As far as buying a deal, it depends on the area and how much you'll be putting down. I would suggest finding an agent and asking them to send you listings so you could start to get an idea of how much the properties are going for and also looking up the rents in that area. (it's super easy for us to do). Another way to keep your cost down, is to do a DSCR loan which is basically a loan based on the income of the property alone. I'm happy to talk more about options but these are just some ideas for now.

Really good questions! Typically adding a second floor to existing home is extremely expensive and difficult structurally. Adding an ADU would be much easier (assuming you have enough square footage). It is a very popular and typically rents very fast. It all depends on what your goal is. If you were going to occupy the front unit and build a back unit, you just need to be clear on how much time you want it to take. Know that before talking to a contractor. There's also a special loan program called homestyle loans. This is where the bank will give you money based on the expected value of the ADUs. I'm happy to talk more about it if you're curious. Have a good day!

Quote from @Rashad Winston:

Is it a realistic possibility to purchase your first rental income property within 90 days if you have no money in the bank?

 Hi Rashad! 

It can happen, but you have to get creative with your strategy. I'd say finding a partner who has liquid for the down payment and closing costs is the easiest way to go. You can also look into getting a personal line of credit to use to purchase a home. But beware of the interest rates some banks charge. I would say consider it purchasing a house hack. For instance buy a duplex but you can live in one side and the other side will be rented out. That way somebody else is making at least half of your mortgage payment for you. There's lots of options! Just gotta get creative :-) I hope this helps .

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