All Forum Posts by: Daniel Diaz

I'm a Nurse, currently in San Diego, and i'm also the COO of a Startup Company that's going to make the job search easier for nurses.

Long story short, we are going to be working with Texas Medical Center in Houston, and the goal is to get as many nurses into Houston as possible. 

I'm curious what the RE market is like around Texas Medical Center, and if it's affordable for nurses.  I know that where i'm from it's impossible for nurses to own a home near the hospital, and i'm interested to see if it's possible for nurses. 

I think if I can show that nurses who want to own a home and start a family will have an easier time doing so in Houston, that will reduce the friction that is keeping them from taking the plunge and moving cross-country. 

Thanks for your help BP! 

-D. 

Ryan, I have a question about the FHA/203k side of the deal. I also live in San Diego and make a modest income (nurse).

I've always been so intimidated by the housing prices in SD, but I know me and my S.O. want to get into real estate here, preferably a live-in flip situation on a duplex or 3-plex.  

You don't have to give me the exact numbers if you aren't comfortable, but I am curious as to how much cash you had to have on-hand for the deal you got, how much income you had, and what the process was like to get the 203k loan.  

Thanks and good luck.  I hope you find a good contractor in the area, and if you do I hope you don't keep their name a secret :-p. 

This is awesome, I wish I could go to it.  Looking forward to the next month's event, thank you guys for putting these up!

Dude, you have really inspired me fellow San Diegan. 

I'm a nurse with a decent paying job and a ton of free time d/t working 3 12-hour shifts a week.  I've always thought that real estate in SD was a pipe dream d/t the insane housing prices, but I never spent time actually looking. 

I'm glad I read your post and I look forward to your updates.  Couple of questions: 

1) Do you / other BP members think that $1500 a month is enough to cover maintenance / upgrades / vacancies?  

2) What kind of emergency fund would you recommend for a property of this size?

3) What area of SD is this?  You don't have to say exactly where, but i'm just wondering if it's in the downtown/hillcrest/northpark area or if it's way further out like lakeside/santee/etc.? 

4) Lastly, have you considered taking the 4th unit and doing a vacation rental through AirBnB?  I've always felt that a pet friendly AirBnB location in San Diego would crush it, and you might be able to churn out some better cash flow

I'm new to the site, and would like to start by reading all of the posts that have been replied to the most, with the implication that those would be topics with the healthiest discussions.