All Forum Posts by: David Molina
David Molina has started 2 posts and replied 4 times.
Post: Beginner looking to invest in Los Angeles
- Lawndale, CA
- Posts 4
- Votes 0
Originally posted by @Victor Viyuoh:
Welcome, @David Molina! I am a newbie, too. Not quite as young as you but we managed to get into the LA house hack scene last May and it has been a blast. If you have a steady job, consider an FHA loan and the possibility of moving a bit outside the hot LA zone into an affordable suburb. Scour the BP forums, listen to the podcasts, and attend some webinars. I can't wait to hear what advice more experienced pros give you. Happy investing!
That's great to hear, Victor! I've thought about looking into the Lancaster and Bakersfield area. Did your house hack require rehabbing?
Post: Beginner looking to invest in Los Angeles
- Lawndale, CA
- Posts 4
- Votes 0
Hello everyone, this is my second post on BP. I was just wondering if a house hack would work in a market like Los Angeles? If not, is fix and flip the way to go? buy and hold? Or does it depend on finding a deal? I am 18 years old and don't have much money to get my foot in the door..
Post: Newbie from Lawndale, California
- Lawndale, CA
- Posts 4
- Votes 0
Originally posted by @Michael S.:
That's a great plan David and all the best in your investing
Thank you, Micheal. I appreciate it and likewise!
Post: Newbie from Lawndale, California
- Lawndale, CA
- Posts 4
- Votes 0
Greetings everyone! My name is David Molina, pleasure to be here. I've had a BP account for almost a year but have only lurked in the shadows and have been procrastinating. I am currently 18 years old going to community college for Architecture. I have some construction experience from helping my father whose a handyman. I've done some foundation, framing, flooring, painting, and remodels (my favorite!) I have a part time job at Amazon but am seeking a "real" job so that I can build credit and get loans. I have no knowledge or experience in Real Estate but have read a couple of books.
I am looking to invest in a duplex or triplex and house hack to begin building wealth (and get my parents to stop paying rent!!). I plan on saving and living a frugal life until I can save up for a down payment through an FHA loan. I would plan on doing the rehab myself and get my dad on board. Property Management would also be my responsibility. Thank you for taking the time to read this, I hope we can network and help one another out.