All Forum Posts by: Chad Gaither

@Albert Bui Thanks so much for the break down. Extremely helpful! I did see that home possible program so I sent over to my broker to see if we can participate. Property is in a great location and there's value add and rent increase opportunities with this one so really hoping to lock it down.

@Matt K.  I qualify for a little over $600K but I could also bring in my soon to be fiance (would like to wait until officially married but an option) and also could get some private money from friends and family.

Thank you both!

Hi all - I'm currently under contract on a triplex in Long Beach, CA for $625K and am running into some financing issues. I originally planned to do an FHA loan on the property but that program requires 75% of the market rents to cover all of the P&I which they currently will not unless I put >20% down. I am a young professional and currently can't afford that but might be able to swing 10-15%. Time to get creative. Would love to hear any suggestions that you all might have. Thanks in advance!

@David Krenz this might be obvious but scour the Meetups app if you haven't already. I've found a bunch on there.

@Gregory Scott  The Real Estate Haves and Wants Meetup in Long Beach is pretty great (and free). Straight to the point and very active attendees. Search the Meetups app for this one.

Great response @Arlen Chou this has been my experience in LA as well. What companies hold the "must see" real estate events in your opinion?

@Scott R.

@Hector Bastida I've been working with the same criteria as yours for the past few months, looking locally in Long Beach, San Pedro, and surrounding areas. I've met a lot of people that have made it work here but the deals go fast and require creativity. Pretty amazing to see what places are selling for around here given the amount of violent crimes that occur within a few blocks of my neighborhood (DTLB). If you're ever in the neighborhood would be happy to show you around and share the knowledge I've been building. Keep at it and you'll find something that will work. You only need one to start!

@James M. Great to hear your story and would be awesome to grab a beer and talk real estate sometime.

@Account Closed Thanks for sharing! It seems like that area is a great investment opportunity if you find the right block and are in the path of progress. Would love to hear how you guys found the right block around that area. Not sure how much "driving for dollars" I want to do around there given my limited knowledge of that location.

Wow great turnout. I'll see you guys at the next one!