All Forum Posts by: Carlos Sotelo

@Jonathan Yip I agree, I would like to have both. Something to generate me a few hundred a month (rental property) and do a couple flips a year. Starting with 100k doesn't give me the option for both at the moment. But I like the Bakersfield area as well. Thanks for your input 👍🏼

Jo-Ann Lapin thanks! I appreciate the positive feedback throughout this app 👌🏼 any good forum where I can find good GCs and Subs here in the LA area ?

Wow, that's really not bad. Like most are saying, that could've easily been pushed for $160.. I listed my house for $549k on Sunday and got a $525k offer that same day and saw it as a good sign.

William, at the moment I actually rent a room at my parents house so I have very minimal bills. I'm willing to take risks in surrounding areas but definitely not move out of state since I have my career which I just begun here in LA. Thanks for your input!

Thanks Jo-Ann. That would be idea. Maybe partner up with someone and rehab a good deal from an auction

Hi to all, I need some tips for my next investment peeps. I'm currently selling a rental I have and walking out with about 100k in clean profit (after commissions/taxes/etc) What's my next move? Options: 1. Move into flips at this time in LA with partners or HML? (Or surrounding areas) Or 2. Buy in cheaper area (such as Bakersfield, CA), financed, and rent out for some minimal cash flow on rents? Let me hear some opinions and what you did or would do in my situation? Some factors to consider: I'm 25, work a full time job, salary is just above 100k. So this would just be money on the side that I don't need to count on or won't really associate much risk to. I've researched markets and how it's moved the past couple of years owning my rental. A second opinion is always good though

Hi to all, I need some tips for my next investment peeps. I'm currently selling a rental I have and walking out with about 100k in clean profit (after commissions/taxes/etc) What's my next move? Options: 1. Move into flips at this time in LA with partners or HML? (Or surrounding areas) Or 2. Buy in cheaper area (such as Bakersfield, CA), financed, and rent out for some minimal cash flow on rents? Let me hear some opinions and what you did or would do in my situation? Some factors to consider: I'm 25, work a full time job, salary is just above 100k. So this would just be money on the side that I don't need to count on or won't really associate much risk to. I've researched markets and how it's moved the past couple of years owning my rental. A second opinion is always good though