All Forum Posts by: Edwin Lopez Reynoso

Hello All Real Estate Investors/Agents,

What are your thoughts on Home Down Payment Assistance in Los Angeles for a first time home buyer. I am doing research on purchasing a duplex to begin my real estate portfolio. However, is it worth getting a "2nd mortgage/loan" or is it best to continue saving until I have the 3.5% and Closing Cost. 

Any suggestions or tips will be highly appreciated. 

- Edwin 

@Jay Hinrichs Thank you for the tips. Being wiped out is the last thing anyone wants. As of today, I plan to expand my knowledge by learning from the forums & connect/network. I am saving more capital and hopefully by the end of the year Il make some moves.

@Joseph Bafia

Thank you Joe for making your self available to talk and sharing some valuable knowledge! :-)

@Holland Patton

Thank you for reaching out! :-)

@Brian Ellwood

Thank you for the tip. I am planning to gain more knowledge as I save. Maybe by November or December, Il begin taking major steps.

I am fairly new/new to real estate and I have a bit of cash saved up. Unfortunately I can't do much with $7K in California. However I looked for properties in North Carolina and I found many properties in Winston-Salem/Greens Boro area. 

I do not plan to move there, I am fine in LA for now. I would like to buy and hold the property and ideally have some tenants. In other words, I want to invest in properties/rentals. 

I wanted to ask, has anyone invested in that area (for rentals)? Any feedback, answers, or concerns to watch out for would be highly appreciated.