All Forum Posts by: James Tasso

Hi Michael!

I am new too! I live in California and the prices scare me out here just like what you are probably feeling in Colorado. I haven't looked into Columbus at all, but I have really been focusing on the midwest in general because of the drastic difference in price! Best of luck going forward! 

James

@Christian Flores Family and friends would be a good option if available. Maybe a personal loan for the down payment if the numbers work and you can cash flow. 

@Juan Carlos Flores Garcia I just saw a promotion for a credit union I use. They offer up to 30k Lines of Credit. I was just approved at 7%! Easy Peasy! Golden 1 Credit Union (Based out of California)

 Thank you Cara! I will be messaging you!

 Thank you so much! I will be reaching out!

 This is great! I will send you a message!

 Thank you so much for the information! I will definitely look into this!

Hello Everyone!

My name is James and I am a real estate agent in southern California. I have been in real estate since 2013. I feel pretty knowledgeable in the real estate area and finally decided to get into investing! I work as a school teacher and decided to focus on out-of-state properties because, to be honest, it is very hard to find a deal in SoCal right now. I have lined up some personal lending (the family with who I will pay simple interest on the loans) and have done a lot of other research on financing, creative financing, and the BRRRR strategy. I don't have a property that I can utilize a HELOC on. I will rely on HML, private lending, and my cash to acquire properties. I wanted to share where I want to go and some issues I already see moving forward. If you have any suggestions or comments please toss them my way! I want to utilize the BRRRR method to buy more inexpensive rentals in the midwest, specifically Oklahoma City. I chose this as a hub because of the proximity to other metros (DFW, Little Rock, Tulsa, Springfield, KC), is this a decent place to start?

If you are local to the OKC area and wouldn't mind connecting I would appreciate that. Heck, if you are in the midwest and can connect, chat, mentor, that would be super awesome!

If you know hard money lenders in the midwest that keep it simple and have worked with deals under 75k, I would appreciate it! I have found that there are quite a few HML that say they will go down to 50k, but actually want 75k mins.

It would be nice to hear about any small price deals you have done on flips and LTR as well! 

If you have any questions about the CA market, I would love to share ideas with you as well! I am pretty knowledgeable specifically in the inland empire area of so cal. 

Have a good day!