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All Forum Posts by: Jacob Villalobos

Jacob Villalobos has started 14 posts and replied 168 times.

Post: People are fleeing California, are you?

Jacob VillalobosPosted
  • Whittier , CA
  • Posts 176
  • Votes 96

CA is the best place in the world...

1. Raise Rent 

2. Pay a gardener  

3. Make a profit   

EVICT ASAP

I live in Whittier (spyglass area) I am a broker and an agent for 15 years. That said...

1. Sell! You will have an amazing rate of return and tons of capital.  

2. We are at or near the top of the market! Something will happen in the near future (1-3 years?) to cool housing prices. I sold a SFR in Pico Rivera and walked with $160k tax free as that was my previous house. It was great house hacking! That was last year.

3. Reposition your captial and get a better return. THINK multifamily.  I'm selling a condo I own in Azusa but I'm waiting till summertime in order to get top` dollar.$$$  I feel the market won't cool before then.   

Sounds like you made a good buy with that house. I would use that as a springboard to better investments. Partner with your brother again if thats an option. 

Post: Renting to non citizens

Jacob VillalobosPosted
  • Whittier , CA
  • Posts 176
  • Votes 96

Illegals from Mexico are some of best tenants I find.  I understand the language and culture so that helps.  They also don't want any problems with the law. They always pay on time and if there is a issue they are out without me having to ask twice.     

Evict

Everyone has a story...

Evict ASAP

Post: Paranormal activity in a STR.

Jacob VillalobosPosted
  • Whittier , CA
  • Posts 176
  • Votes 96

NO!!!

Post: Tenant hasn’t paid last month rent

Jacob VillalobosPosted
  • Whittier , CA
  • Posts 176
  • Votes 96

eviction process ASAP

Property manager= Find a new one

400k a year? Come on...

If she pays on time, keep her.  If not well...

Post: tenants complain of paranormal activity

Jacob VillalobosPosted
  • Whittier , CA
  • Posts 176
  • Votes 96

 Start the eviction process right away, don't waste time on this nonsense.