All Forum Posts by: Jacob Repreza

Welcome to Cleveland investing Shirly! Read up on everything and make sure you know your neighborhoods so you know what class of properties you're buying. The map that was linked above helps with that and of course if you have any questions feel free to reach out! We're all here to help. 

Also, not sure where you're from but we're from Cali and just got back from Cleveland and for us it was COLD so i'd recommend taking a jacket. Anyway good luck!   

 Most of our stuff runs through Trimark Lending first and freeland lending but there's so many more. You can absolutely find way more on this site and asking around though. 

Welcome Arihaun! From what I've observed you shouldn't be worried primarily about the funding. The most important part will be the deal. Hard money lenders(since that's more than likely what you'll be using) are more concerned about the asset itself since that is what they will be lending on and taking away from you if you are unable to pay so they want to make sure it's a good deal first and foremost so they can still make money. Don't get me wrong they might charge you extra points and higher interest for having no prior experience but at least you're getting the money necessary for the deal and rehab. If you want to avoid some of that headache maybe partner up with someone that has an investing track record that the HML will feel more comfortable lending out to.

But good luck and welcome! 

Come join us for our Orange county investor meetup! The meetup is centered primarily around out of state but in state investing is discussed as well. The meetup is very casual and usually ends up in a roundtable scenario to talk about ideas and experiences and ask any questions someone may have. NEWBIES AND VETERANS WELCOME. There is always something to learn for both experience levels so stop on by!

*Meetup is 100% free and nothing will be pitched!*

*Guest parking is free and guest spots are any UNCOVERED parking spots*

*Address leads to leasing office and meetup will be held across the way in the lounge area*

Any Questions feel free to shoot me a message, looking forward to seeing everyone there!

Hey man welcome to real estate! Wholesaling in California(especially orange county) can be difficult but the spreads can make it worth it. If that's what you want to focus on, always remember deal flow and the amount of offers you make is the key to everything. You will have to deal with a lot of No's but that yes is worth it in Cali. Also we host a meetup in Newport every month so if you wanna come out that would be great! next one should be december 10th! I'll make a post with more info in a few days. Good luck with everything man!

okay this might be a bit of a long response but here it goes. 

House hacking in orange county is difficulty(duh we all knew that). Basically what you're going to encounter is either duplex's in the older areas of the OC aka santa ana, fullerton, la habra area that aren't usually rehabbed so need a good amount of repairs, or you start seeing a lot of duplex's along the coast but I think most of us young people that want to house hack don't/can't dish out a million dollars plus for a multi family. So in my opinion that usually leaves a few options. 

1. you can deal with the repairs. Either get a hard money loan and do the repairs to update these older homes or a 203k loan to get rehab funds and fix up the property and get one of those older but cheaper multi families in those areas. 

2. Get roomates. Easiest way to househack but you give up privacy. If you don't care, rent it out to friends, or simply find good people to rent rooms to (maybe students since they'd be more likely to rent just a room) then this is definitely the easiest way to househack a home. I'm actually helping someone right now try to find a condo or SFR to do this in because he wants to move out to the OC but we know rents are crazy high.

3. Lastly, get a property with a MIL suite or ADU. They come few and far between but some homes in the cheaper parts of the OC do have them attached. Only thing is most agents list them as SFR properties which means you need to be scouring the MLS for those rare opportunities. Then you can live in that separate suit/ADU, and rent out the main house, or vice versa, and have someone else paying most of your mortgage! And most importantly(at least to me) still have your privacy.

So thats my opinions on the topic, also as a rare twenty something that also wishfully wants to house hack. It's possible just have to look harder than areas in the midwest where cheap duplexes are everywhere. 

As far as meetup goes I am aware of the los alamitos meetup meetup because the host of that meetup actually co hosts another meetup with myself and my partner in newport beach! Next one should be scheduled for December 10th so if you want more info feel free to PM me. We do focus more so on out of state but we always have people that like to invest in state and our meetups are usually in a roundtable like format where people can freely ask any question so its a good time. Planning a happy hour would be cool tho! Although our meetup does usually have drinks if thats what you guys are looking for at the happy hour lol 

Hope I helped! 

Next meetup should be december 10th at promontory point apartments in Newport Beach off of PCH! 

I actually do hold a meetup in Newport Beach though so it might be a bit of a drive for you. 

Definitely Zillow and Craigslist although the ones mentioned above can be very handy as well. I just get rent prices as if we're running comps basically and see what they're asking in the area and adjust for square footage and renovations etc and of course if completely unfamiliar with an area most agents or property managers should be aware of the rental rates so they're good resources. 

Hi Renee! Me and my partner are active out in Cleveland so we would absolutely be recommending that as the entry way. But with that being said do your own research and as a random rule of thumb if you need a tie breaker between areas choose the one you'd enjoy to visit more since you will have to make a trip at some point. 

Also saw that you're local and wanted to add that we host a real estate meetup along with @Jeb Brilliant (who's a pro in the Indy market so he can tell you his experience there) mostly centered around out of state investing here in Newport beach so it would be great for you to come by and ask any questions you may have! 

Feel free to reach out for anything!