All Forum Posts by: Flavia Vangelotti

I hate to suggest this option in CA, but if the numbers work, it might be worth exploring putting a tenant in the townhouse, and getting a larger property with an ADU for less money in Temecula, then your family and mom move into the house?

I wish it would work, but not at these rates. We also can't live in Temecula, have kiddos in school with other parents(second marriage). I think we decided to just leave mom where she is and keep paying her rent and just invest in SFH elsewhere, maybe TN.

0 Votes

Quote from @Carlos Ptriawan:

Quote from @Flavia Vangelotti:

Quote from @Carlos Ptriawan:

Quote from @Flavia Vangelotti:

Hello again! My husband and I have narrowed down our options and I would love some feedback from all of you wonderful people. To give some background, we currently live in San Diego and have 3 children between the two of us. We own our home with a pretty low rate from 2020 and also put around $800/month towards my mom's apartment rent. We have enough capital now to purchase a property and and we are blessed to have capital left over every month as well, which we typically invest in CDs.

Here are our current options:

1-Buy a turnkey place that has nothing to do with mom for cash flow of $200-300/month plus potential appreciation, overall ROI of 15-20%

2- Ask mom if she would move closer to us in San Diego, buy a small place here, have zero cashflow but at least we have another property in a great appreciating market and are no longer spending the $800 on her rent

3- Buy a place for her in Orlando, same scenario as above but obviously a lesser mortgage since its FL and not CA

We found a great turnkey company we liked so if we do option one I think we will use them, but it just feels like if we do that we will still be tossing away what we currently pay on her rent.

Would also love any financial advisors you have previously worked with and had a great experience with. Thank you so much!

buy SF with ADU in san diego

Something like that here in San Diego would be insanely expensive unfortunately

Or find building with 5 rooms , and create separate entry …

maybe I am the only one that can find all these hidden gem in Bay Area lol

You might be lol
things like that here, at least in our area, are not affordable as a side investment for a typical person

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Quote from @Carlos Ptriawan:

Quote from @Flavia Vangelotti:

Here are our current options:

1-Buy a turnkey place that has nothing to do with mom for cash flow of $200-300/month plus potential appreciation, overall ROI of 15-20%

3- Buy a place for her in Orlando, same scenario as above but obviously a lesser mortgage since its FL and not CA

We found a great turnkey company we liked so if we do option one I think we will use them, but it just feels like if we do that we will still be tossing away what we currently pay on her rent.

Would also love any financial advisors you have previously worked with and had a great experience with. Thank you so much!

buy SF with ADU in san diego

Something like that here in San Diego would be insanely expensive unfortunately

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Quote from @Twana Rasoul:

@Flavia Vangelotti The highest overall ROI is going to be here in San Diego and the lowest ROI would be turnkey

What makes you say the lowest would be the turnkey?

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Quote from @Jorge Vazquez:

Hey Flavia, the decision about your mom is personal, but you can definitely grow and diversify faster in Florida. Just a reality check from my experience owning around 30 properties: getting a 15% ROI is not easy anymore. You'd be lucky to find anything close to 10% these days. Keep this in mind as you weigh your options. Good luck!

Thank you for that reality check! Its quite difficult sometimes to know what is real and what isnt

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Quote from @Dan B.:

@Flavia Vangelotti how close to San Diego does Mom need to be? There are duplexes for sale in Big Bear Lake. Mom could live in 1 side, and you could rent the other one out via airbnb or vrbo. Place could be open to you and your family to go when it's not rented.

Also, I'm a ln investor from San Diego. Do you mind sharing this turnkey company you like?

I wish Big Bear was doable but thats way too far of a drive, although I do love it there myself. I was thinking the furthest would be Temecula if we did move her here.

The company we like the most so far for is REI Nation

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Quote from @Lisandro Maldonado:

Hey @Flavia Vangelotti!

Have you ever considered looking past Orlando toward the Osceola County and Polk County regions? These areas are growing in a way that is unprojected. For example, Davenport, at this time, has more than 5 different communities being built all at the same time! This opens up huge opportunities for you to be able to BRRRR in this area. Also, places like Lakeland and Winter Haven are growing tremendously on investors' radars for people that are trying to flip or wholesale homes. Whatever route you decide to take, I hope your real estate journey is more than prosperous!

Thanks for commenting! She works out of Lake Nona right now and her job is pretty stable so I would like to keep her near her work, I also like how safe the area is in comparison to some others in Orlando. I do like Ocala and Winter Haven as well but too far of a commute from her job unfortunately.

I am excited to start our journey, I think figuring out the first thing is always the hardest part

1 Vote

Orlando, Florida

Quote from @Clint Jusino:

Quote from @Flavia Vangelotti:

Quote from @Scott Mac:

1. Have her move in with you.

2. Get her a nice place in Mexico on the ocean. A few minutes drive from the border.

3. Bring her to San Diego put her on section 8.

Good Luck.

haha

I dont think any of those options work for us at this time. We are hoping to start investing in real estate while hopefully also getting my mom a new place, but if that doesnt make financial sense then we will just get a rental property somewhere else

Have you thought of building an ADU for your mother? I know it's popular in CA. Momma will be close and you won't have to spend as much since houses in CA are insane.

Our home is a townhouse without a yard unfortunately

0 Votes

Quote from @Scott Mac:

1. Have her move in with you.

2. Get her a nice place in Mexico on the ocean. A few minutes drive from the border.

3. Bring her to San Diego put her on section 8.

Good Luck.

haha

1 Vote

Here are our current options:

1-Buy a turnkey place that has nothing to do with mom for cash flow of $200-300/month plus potential appreciation, overall ROI of 15-20%

3- Buy a place for her in Orlando, same scenario as above but obviously a lesser mortgage since its FL and not CA

We found a great turnkey company we liked so if we do option one I think we will use them, but it just feels like if we do that we will still be tossing away what we currently pay on her rent.

Would also love any financial advisors you have previously worked with and had a great experience with. Thank you so much!

0 Votes

All Forum Posts by: Flavia Vangelotti

Flavia Vangelotti has started 4 posts and replied 22 times.

Post: Cash flow rental or a place for your parent?- Financial Advisor help?

Post: Cash flow rental or a place for your parent?- Financial Advisor help?

Post: Cash flow rental or a place for your parent?- Financial Advisor help?

Post: Cash flow rental or a place for your parent?- Financial Advisor help?

Post: Cash flow rental or a place for your parent?- Financial Advisor help?

Post: Cash flow rental or a place for your parent?- Financial Advisor help?

Post: How is the Lake Nona/Orlando Market?

Post: Cash flow rental or a place for your parent?- Financial Advisor help?

Post: Cash flow rental or a place for your parent?- Financial Advisor help?

Post: Cash flow rental or a place for your parent?- Financial Advisor help?