All Forum Posts by: Hernell D.

Interesting to see Riverside-San Bernadino-Ontario at #38 & Bakersfield at #66 both markets i'm interested in getting into 

@Damir Kamber @Ryan Cox @Jay Helms 

@Chris Tracy @Pat G. @Manolo D. 

Thank you all for the advice and different perspectives on my situation. I have a follow up question... Obviously amassing units takes time, but what would in your opinions be the best way to expedite the process of going from buying this second deal to moving on to the third? It's taken me 9 months to get to this point after my first deal and by the time I find and close on another deal it'll probably be over a year between deals. Any advice or strategies that will cut down the turn around time, or are any of the ideas I listed in my initial post more advantageous in lessening my turn around time from deal 2 to deal 3?

Hey Biggerpocket family, 

I bought my first property earlier this year, a duplex in Los Angeles, renovated, & rented it out . I am going to refinance in the next couple months and will have about 60k cash and want to move on to my next project but i'm not sure what to do next. Ideally I want to invest in bigger apartment complexes (5 units+) but the 60k won't be enough in most areas in socal (obviously). I don't want to give up on my idea of investing in bigger complexes so my few idea are...

1.) Look out of state but if so what areas or should I look in. 

2.) Partner up with another investor or two and buy something as a partnership.

3.)Raise additional capital. 

4.)Invest in something smaller for now and build my way up to the apartment building. 

What do you think? I'm open to all ideas and criticism. I just want to learn and make educated moves on this real estate journey.  

Hey guys! I'm going to be buying my first property, a triplex or fourplex, in the upcoming months and I want to make sure this deal doesn't stifle me in anyway and I'm able to make subsequent deals. A little background. I'm 25 make 50k and my property will cost around 350k and cash flow about $1000/month. My question is will debt to income ratio hinder me from making a subsequent property purchase. I want to buy another triplex in the following year. I want to make the correct first move in order to set up my real estate investment career. Any advice or suggestion would be greatly appreciated.