All Forum Posts by: Josue Rosa

Hi Richard! We manage +100 properties in the San Fernando Valley and Los Angeles area. Sometime they get rented without going to market or aren’t on Zillow. Let’s connect when you’re ready - we’re always looking for well qualified tenants. :) 

Hi Daniel! Pricing in LA has been resilient recently and historically, and is trending upward. There are still deals to be found off market and even some publicly advertised like the one above. In terms of the formula, it depends on the neighborhood and property type, and yes, you can make it work. This is a very simplified response; hope it helps!

Hi Carol! Only specific title companies will handle this - I can refer you if that would help. There can be a few more steps specific to properties bought at tax deed auctions here in California. I've sold a few this year and have a few coming up - not rocket science but definitely a few more hoops and only a few title and escrow companies will work on them. Hope this helps!

Hi @Rufino Padilla. Excellent advice shared already - find local, experienced people to team up with. You'll be able to scale your business much faster by learning from other's successes and mistakes. We host investor meetups for new and experience investors - we share ideas, off market properties, and resources. Invite only. Message me if you're interested or if we can help. :)

HI @Khandbari Rai. You might want to consider a tax attorney/strategist. I'm finding that most CPA's, even those that work with Realtors, are not necessarily going to implement the best tax strategy. We've seen it for ourselves and clients. There are plenty here and I can get you a referral. Good luck.

@Christapor Mikaelian, your commitment to your family and investing at your age is admirable. Lot's of good ideas above. Creative options might help you stay local, especially if you're looking at the BRRR methond. Look into seller financing and assumable mortgages. A rent by room strategy for students/young professionals with excellent cosigners could also be extremely profitable if you're willing to be flexible - we've seen big returns here in the last few years. Wishing you success!

Hi Drew. Use this as an opportunity to get the property leased at or above market rent without any gap in rental income. The tenant leaves happy even if they're still paying while it potentially sits vacant. Assuming it's legal in your area, you might want to consider adding a clause to your lease agreements stating the consequences for breaking their lease. We've done property management at a high volume for years; highly qualified tenants with solid rental history tend to leave rental units in good to decent shape, regardless of their length of tenancy. See if a local investor group or property management company will share their lease agreements with you. Good luck!

Hi Craig. Have you considered using a VA loan to purchase an investment property here in California? As a fellow resident and investor, I feel you - the prices can be much higher, but the down payment and closing cost benefits of a VA loan plus the use of the rental income to help qualify for a higher purchase price could be worth considering. I mention California because you would have to occupy the property for at least 1 year before you could refinance and use a VA loan elsewhere.

If this strategy doesn't make sense, what are your top investing goals? Is cashflow, appreciation, or tax benefits most important? Are you looking to do short, medium, or long term rentals, or focus on a niche like student or corporate housing? The more you learn about each of these options, the easier it will be to pick a market that best suits you.

Hi Christine! We helped a client in a similar situation here in California. It's smart to be pro-active. Messaging you now.

Hi Kimberly. What neighborhood is your property in? Many investors that have tenants with a Section 8 voucher enjoy the security of a government-backed check. And yes, working with a knowledgable and reputable property management company is important with any rental, but especially when the government is involved as they are with this type of tenant. We've personally had tenants and manage properties for investors these types of tenants here in Los Angeles County if you have other questions or needs.