All Forum Posts by: Damaso Bautista

 HAHA this is the best response so far!!!!! I hope to hear you on a pod cast some day talking about how you found this market and how it worked out!!! 

@Kristine O.

Hi Kristine,

I believe that if you were to post exactly what you wanted to learn about or searched the forums for what it is you want to learn that there are many people on here who are willing to give guidance in whatever topic you wanted to learn about.

The information you are looking for is readily available. If you are willing to dig for the information you are looking for it is free for the finding.

Good luck!!!!

@Emily Simmons

This is a great question.  I believe that each individuals has their own set of criteria that can be used to address this question.

Personally I made sure that my family would not suffer one bit if my investments failed.  

I made sure that if my investments all failed, I would not go bankrupt, I would not lose my home, I would not be able to pay my bills, I would not change my ability to provide for my family.

Beyond that I was free and allowed myself to risk any other means I had into investments that I thought were good deals.  

I never overextended myself.  I only invested to the level I was comfortable with.

It wasn't fancy and wasn't fast but it has proven to be fruitful.

Find out what your criteria is and then go for it.  It is not rocket science, it is basic math.

Good luck!

@Willie Herring

The bottom like most things in life, you need to figure out what works best for you.  Pick the strategy that feels the most comfortable for you and stick with it.  I have learned that if you pick a proven strategy and put in the work to follow it for an amount of time to see it work.  It will work.  

This investing stuff is not fancy or quick, it takes time.  If you are patient and let the strategy have time to work it will.

There is no secret or magic pill to this process. 

Figure out what works for you and give it time to work.

Good luck!!

@Rick Pozos

Rick hit the nail on the head!!! Your post sounds like you had a romantic interest in her. This is business and you took care of business and got your place rented!!! Bottom line!!! Never mix business with pleasure or family.

@Neil Patel

The corridor where you are looking to buy is one of the most expensive in Los Angeles County.  So unless you have money to burn I don't see how the numbers would work out.  

Personally I don't think it makes too much sense to do this as an investment.  Put that same amount of money into properties in the mid west where you are and you can pay for your stays in Los Angeles with the money you are making there.  

Just my opinion. Good luck!!

@Joe Villeneuve

Hi Joe,

I follow your posts because I find value in them also because sometimes they are entertaining.

I am curious why you did not comment on the fact that the OP paid cash for his properties. This means that he bought the equity in his properties something that you are adamantly against.

You don’t make too many posts where you tel people they are on the right track, so why do you feel the OP is?

@Tony Machamer

If you can find a home that makes sense numbers wise then it is a great idea. We did this for our University student.

Our mortgage was paid for by his roommates so housing was basically free. The property also appreciated enough that when we sell it we will make a profit after all costs associated with maintaining it are accounted for (down payment, utilities, landscaping, food, main sewer line replacement).

My son graduates in June and we have decided to keep it as a rental and not sell it.

The numbers work so that’s our plan.

Things to consider.

Try to be within a mile of the University or walking distance if possible. Check occupancy rules and permits that the jurisdiction might have on rentals.

You can DM me with any specific questions you have. Good luck!

Like Ms. @Courtney Jones said. Research the areas you would like to invest that suit your criteria.  Find a realtor that is willing to work with you in the area.  Obviously one who understands the out of state investor and how real estate works in general.  They will send you the basic information you ask for based on your requests. Get your financing in place and have your proof of funds and earnest money ready.  I would suggest getting on a plane to actually see the homes with your own eyes you are interested in with the realtor you have been working with.  Make an offer, get it accepted and buy the property.

This is how what worked for me.  I found the realtor here on Bigger Pockets.  Him and his wife are investors and so he understood what I was looking for.  Everything worked out well for what I was trying to do.  

Good luck!

What kind of data are you looking for.  Like @Eliott Elias said go ask for it at the city because all of that information is public.

Go to the City Clerks office of the city you are looking for the information at.  File a public information act request for the information you are looking for.  There may be a fee.

Time for information to get to you may be different at different cities.

Hope this helps!