All Forum Posts by: Guido Bertoli

Hi there,

Does the 35% rule for calculating flipping profit, holding costs, etc apply to the Bay Area? Houses here range from 700k - 2 million. I feel like this is a very hard task to come by in this kind of market, but then again I'm a newbie. Any thoughts?

Thanks

I'm new to the real estate business, I haven't done any deals yet other than purchasing my condo that I plan to rent out in the future. I was thinking of going to real estate meetup groups and start networking in the Bay Area, California but I had a few questions.

Should I make business cards before I go to these meetups?

Should I come up with a company name or just put my first and last name?

What do you guys suggest for someone starting out trying to network?

Thanks,

Guido

@Alex Capozzolo @Isaac Thom I talked to my lender when I was about 7 months in and they said I needed to wait a year before refinancing otherwise they would use the selling price as the current appraisal. Any thoughts?

@Alex Capozzolo could you explain a little more of how that process works? Sorry for the late reply. Thanks, Guido Bertoli

Hey Guys and Gals, I'm new to the Biggerpockets community. just want to say that I live in Union City located close to San Francisco in the Bay Area. I recently just bought my first condo about 8 months ago for 368k. It's a 2 bed 1 bath and it's my primary residence. I've remodeled the kitchen and put all new flooring in the entire place. My longterm plan is to wait a little bit to build up equity and pull some cash out to put that as a down on another place and rent this out for about $2,500 in my market. I'd love to do this sooner rather than later but I haven't the slightest clue. Any suggestions? Oh yeah my name is Guido Bertoli. I've never done a real estate deal other than my condo. I'm super excited to get started though.