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All Forum Posts by: Daniel Ordonez

Daniel Ordonez has started 7 posts and replied 50 times.

Post: CA investors - which strategy worked best for you and why?

Daniel Ordonez
Posted
  • San Jose, CA
  • Posts 57
  • Votes 9

@Arya Feroz

Thanks! yeah utilizing the FHA is key. You can put down a small down typically around 3%.

My broker told me you can use FHA multiple times but cannot have more than 1 property with an FHA loan. So you would have to wait the 1 year and then refinance and change the loan to remove the FHA. At that point you can reapply for another FHA and do 3% down again on another property and so on.

Post: CA investors - which strategy worked best for you and why?

Daniel Ordonez
Posted
  • San Jose, CA
  • Posts 57
  • Votes 9

@Arya Feroz

I would look into the BRRRR strategy and start closer to Sacramento. I currently invested in my first property in Stockton it's a triplex and is cash flowing right away. Look into multi family if you are looking to scale.

Post: CPA with real estate experience in the Bay Area, California

Daniel Ordonez
Posted
  • San Jose, CA
  • Posts 57
  • Votes 9

@Dror Engel

Gonna hop on board this one too had Allec Logan but he no longer is a CPA so need someone new this year

Post: CPA Recommendation - I live in CA, Investing in TX

Daniel Ordonez
Posted
  • San Jose, CA
  • Posts 57
  • Votes 9

@Carolina Solorzano

Hi I would be interested in their info if you can send it I would appreciate it thanks!

Post: Klamath Falls Or Investor Friendly Agent

Daniel Ordonez
Posted
  • San Jose, CA
  • Posts 57
  • Votes 9

I am looking for an investor friendly agent out of Klamath falls Or. I starting to building a BRRRR method type portfolio and believe that's a great place to start. I have a couple places I have been looking at and hopefully someone could help me also get into contact with contractors as well. Thanks

Post: Klamath Falls Contractor Recommendation

Daniel Ordonez
Posted
  • San Jose, CA
  • Posts 57
  • Votes 9
@John K. Hey I'm looking in that area and my family has a home on Lakeview as well if you are interested in off loading it let me know

Post: ~~~REI Rookies, SF Bay Area~~~

Daniel Ordonez
Posted
  • San Jose, CA
  • Posts 57
  • Votes 9
Cedrick McKinney hey cedrick I’m from San Jose and fairly new to REI and always looking to chat with REI members. I’m not very new to REI but have a couple rehabs under my belt so If you would like to chat Just PM me.

Post: Need a CPA in CA deadline is closing in!

Daniel Ordonez
Posted
  • San Jose, CA
  • Posts 57
  • Votes 9

I just started RE investing around Oct and we want to make sure we get our taxes done and as well as all our education expenses. Need a trustworthy CPA who knows CA taxes any recommendations? We didn't make any profits last year so shouldn't be too hard right?

Post: Insurance policy on loan?

Daniel Ordonez
Posted
  • San Jose, CA
  • Posts 57
  • Votes 9
Thanks everyone for your input and all your knowledge I’m glad BiggerPockets has these forums for us newbs to ask questions and not get scammed

Post: Verify a private lender?

Daniel Ordonez
Posted
  • San Jose, CA
  • Posts 57
  • Votes 9

ok yeah it def was fraud he had no proof he was valid and sent me a fake DL because I looked at his facebook page and he had the same picture from his facebook on his DL lol