All Forum Posts by: Ismael Martinez

@Jamie Garcia

Hello ! I'm curious to know if you have ever built an ADU in San Fernando City ....I'm curious about prices and maybe some issues that you have run into during your construction.... thanks !

@Mike Cumbie

Thank you ! Yeah I completely understand that it’s really difficult to “time the market” in a sense but I would much rather buy when prices are near the bottom...when I heard that people were offering 50k over asking price it just reminded me of warren buffet and his advice on being fearful when people were greedy and being greedy when people were fearful ....although that line seems to be a bit blurred at the moment.

Thank You @Jon Schwartz,  I do understand how interesting of a market Los Angeles really is...I was really nervous about contacting the real estate agent to be honest...but it was such a great step ! I have made the decision to educate myself as much as possible.  I see that you are an investor....do you invest out of state ?  or here in socal ?  

Hello everyone !

    Not too long ago I watched a webinar featuring Brandon Turner...and man did I want to go out and buy some kind of real estate immediately, but the more I thought about it....the more it just didn't make sense! I mean.....I look around and see that home sales are up by like 20 % and that home prices continue to increase ( in LA ) and yet i hear about the ever increasing number of unemployed people and i just don't know what to make of it to be honest.  Either way one of the goals of the webinar was to finally just take action...and so I DID ! ...I contacted a real estate agent regarding a property in a city about 45 miles ? from where i currently reside...home prices are about 1/2 of where i currently live...and well the real estate agent told me that people are currently offering about 50k above asking price !!! my jaw dropped.  I went from excitement to disappointment in a heart beat.  Anyway my question to you is ...given the current financial climate....should I hold off on buying my first property ?  

As a side note....I have decided to listen to all of the Biggerpockets podcasts ....since the beginning !!!   I keep wondering if Brandon Turner ever buy that pink limo ?  what happened to episode 21 ? anyway i will try to make this a weekly thing! be safe everyone ! 

Environmental Health Specialist......AKA ....Health Inspector....Actually I'm really excited to get started in  Real Estate Investing....The best way that i have found to be active in both is to set time aside along with my partners to discuss and plan our short term and long term goals.....along with many other things.