All Forum Posts by: Jonathan Taylor

I'm going to agree with most of the investors here. Stockton has a way of enticing you on paper but the actual town is not an investors 'dream' as some on this thread has described it as. I grew up in Stockton, spent 20 years there, and have many connections in the town, and would not buy there. The crime rate is astronomical. Sure, you can look up the rates printed online and see a decrease but the petty crimes, like theft, car break-ins, stolen property, graffiti, gang activity, which aren't violent in their nature but still a stat I wouldn't want to live in again. 

So if this warning does not deter you. Go to Stockton and see for yourself.

@Logan Allec I understand that LA real estate isn't for newbies so thats why I'm reading and learning as much as I can. As of now, I'm qualifying through naca.com (neighborhood assistance corporation of America) and looking for a four unit to live/rent. It offers low morgage rates and support for newbies into the market. 

Ive met with a few lendors about FHA but the payments wouldn't meet the numbers for the properties in my price range. I'd be negative cash flow.

Ill update how it goes and my levels of success.

@Ali Boone that sounds perfect. I'm located in mid city so thats not far at all. Looks like I just missed it so the next one will be Feb 10th?

Try looking into naca.com. It’s a loan program for low to middle income earners and are flexible with down payments along with low interest rates. It’s a process to get qualified but if you can, it’s worth it and can get you into a multi family.

Hello fellow investors, I’m just getting started in real estate and would love to meet fellow investors to connect with in person. Anyone know of Los angles based meetup groups I could join? Thanks and I look forward to meeting fellow investors. Cheers JT

Hello investors, Been looking for my first rental Purchase and came across prefab mobile homes in a medium rental Market for 120-180 depending on size. Anyone out there buy some of these for rentals? I live in Southern California so anything less than a half mil is enticing but all the research I’ve done did not include these kinds of properties. Your thoughts? Cheers JT

@Kyle_J that seems like the best idea. I agree not using any downloadable lease. Thanks for the tips.

@brie Shmidt thanks for the tip. I’ll ask my realtor and see if that’s something they have in CA. from your experience, does the lease include everything you as a landlord would need?

@ahmed what do you mean you never really own the property? They do have a 0 down payment option along with a lien of sale if you move out without their consent but I don’t understand what you mean.

Mike S. Do you invest in riverside along with Phoenix? How ya the process been for you?