All Forum Posts by: Bryce Baker

@Michael Mora and @Brittany Bailey--you're spot on, the numbers are brutal. Especially given the neighborhoods that they are in.

Can't thank you all enough. Appreciate all the local knowledge--I'll be moving on to the next one!

@Antoine Martel I'm looking to get into SFH and multifamily rentals. I'll DM you a couple questions I have tonight.

@Ryan Ingram truly appreciate the insurance offer. I'll reach out with property-specific questions!

https://www.realtor.com/realestateandhomes-detail/...

I am running the numbers on this property and want to see if anyone had insight on the surrounding neighborhood? I am based in California so I am not familiar with Cleveland but have found resources saying Euclid is not a bad area. If fixed up I am estimating a rent of $900-$1000 for this property.

You've pretty much nailed the forms! I am not based in Wisconsin, however, so just be sure to double check your state disclosure laws since in California we most likely would need to provide an asbestos disclosure as well if we're giving a lead paint disclosure (built pre-1978/79).

Besides the standard forms a nice touch is to include a small welcome package: a sponge, roll of TP, candy, your business card, and a thank you note welcoming them to their new home. It can only help to retain good tenants :)

Join the San Diego Creative Investors Association (SDCIA), we meet the second Tuesday of every month at the Scottish Rite Event Center in Mission Valley. There is a gal there that runs monthly field trips to active flips. http://www.lenskarealty.com/category/investor-san-diego-tours/

Thank you all for the sound advice and referral to @Kevin Fox. I know I'll have specific questions so I'll be reaching out to you guys!

@Jerry Padilla, thank you very much for the guidelines and referring @Kevin Fox!

@Twana Rasoul case and point of the cutthroat nature of SoCal! I don't want to dwell in the information soaking stage for too long so it would be awesome to hear more about the particulars on this duplex you made an offer on. I'll send you a DM.

Hello San Diegans! About a month ago I learned about this site and have been self-educating like a mad man about REI. This is my first time dipping my toes in the forums :)

I am 25 with a lifestyle that perfectly aligns with purchasing a MFP and house hacking. It's a no brainer for me to implement at this time in my life. Property management is my day job so fixing the property up, renting it, and managing it are aspects of house hacking that excite me even more about it!

My capital available to invest is not significant; however, I believe that if I presented family and good family friends with my goals and brought them deals that made sense I could raise the capital needed to secure my first property. I definitely have a lot of man hours to invest in analyzing and understanding deals before I begin making serious offers.

My question is this--am I being naive in considering an owner-occupied MFP in San Diego (most likely central, within a 10 mile radius of the highway 5/8 junction) as my first REI? I know SoCal can be cutthroat, but I love this city and would prefer to continue living here through my 20s at least.

All feedback and advice will be much appreciated!