All Forum Posts by: Juan Carlos Quiroz Zolezzi

Hi Derrick,

Welcome to BP, this is a great website and resource for all types of real estate investing.

I suggest you do a lot of research here, do not spend a lot of money listening to coaches, it would be much better to put that money to work and learn from experience.

As @Jennifer S. said, there are many real estate clubs out there, visit them, select your favorites and meet other investors working your area. You can find info on clubs here and also you can look at meetup.com. Networking is key to success.

Cheers! see you around...

Hey Anthony,

As for the books, I will send you back to BP!

check this link out:

https://www.biggerpockets.com/renewsblog/2013/04/1...

it is a post regarding recommended good reads and don't forget to look at the comments as some users added some other great reads.

As for the gurus, yes, do not spend too much money on them but there are definitely some good ones, Im not against education, just don't overspend nor over do it. I see a lot of people who want to be Real Estate Investors but who are professional students that have spent a fortune of money and time on classes who have yet to do one deal. Going to classes is also good for networking. I would say that $1000 for a weekend course is way too much... then again maybe for someone super recommended by other real life active real estate investors and on a specific subject I want to dwell I would spend that or more.

Hi there,

Welcome to BP, this is a great website and resource for all types of real estate investing.

I suggest you do a lot of research here, do not spend a lot of money listening to coaches, it would be much better to put that money to work and learn from experience.

Additionally, there are many real estate clubs out there, visit them, select your favorites and meet other investors working your area. You can find info on clubs here and also you can look at meetup.com. Networking is key to success.

Cheers! see you around...

Hi Chris,

Welcome to BP, this is a great website and resource for all types of real estate investing.

I suggest you do a lot of research here, do not spend a lot of money listening to coaches, it would be much better to put that money to work and learn from experience specially with all the material you have in this site.

Additionally, there are many real estate clubs out there, visit them, select your favorites and meet other investors working your area. In fact, this week is Bill Tan's RE club in Arcadia (right next to you), check it out here:

http://www.meetup.com/Los-Angeles-Asian-Real-Estat....

Cheers! see you around...

Hi Gary,

Welcome to BP, this is a great website and resource for all types of real estate investing.

I suggest you do a lot of research here, do not spend a lot of money listening to coaches, it would be much better to put that money to work and learn from experience specially with all the material you have in this site.

Additionally, there are many real estate clubs out there, go, select your favorite and meet other investors working your area. In fact, this week is Bill Tan's RE club in Arcadia (right next to you), check it out here:

http://www.meetup.com/Los-Angeles-Asian-Real-Estat....

Cheers! see you around...

Hi Gary,

Welcome to BP, this is a great website and resource for all types of real estate investing.

I am a full time real estate investor and we also lend money to other real estate investors.

Our office is located in downtown Upland CA. Come by any time if you want to chat.

There are a couple of RE clubs that I can recommend you to, in fact, this week is Bill Tan's RE club, check it out here

http://www.meetup.com/Los-Angeles-Asian-Real-Estat....

Cheers! see you around...

Hi Dan,

Welcome to BP, this is a great site with a lot of info, a lot of your questions have been addressed on other posts.

@Mike H. Makes a good point and explanation on why it is better to invest on bigger dollar priced houses with leverage vs the small dollar amount, specially if you want to take advantage of the tax benefits.

@Aaron Mazzrillo I'm a private lender here in Inland Empire, let me know when you get a deal, we would be happy to finance it.

Dan,

you were also asking about SFH vs Duplex, on multis (duplex) you need to pay attention to the metering of the utilities, all the units may be on a single meter and in those cases it will be difficult to bill this to the tenant which means you may end up eating part of this cost.

Also, if you buy a 30k house and put 10k into it, yes you would be able to deduct the 10k this year if it was a real repair vs capital improvement, if it is capital improvement (like a new roof) then the deduction would need to be amortized.

Hi Angel,

Welcome to BP, this is a great website and resource for all real estate investing.

Cheers! see you around...

Aaron,

Something that you can do is to get a loan on your free and clear rental property. If you have excellent credit you may want to approach a regular mortgage broker or bank. The only thing with this is that if you don't live in the property and being that this is a cash out refi they will limit the amount you can pull to 70 or 75% LTV. You may also have a seasoning problem.

If getting a loan from a regular mortgage broker or bank does not work or you need money faster an alternative is to get a loan from a private lender or a hard money lender like my company. Most private lender or hard money lenders will not charge a prepayment and you can pay it off as fast as possible.

Hope that helps. Let us know if we can be of any help.

Hi Aaron,

I think you will find it hard to find something like that here.

I do know that WF has an unsecured LOC for a max of $50k per SSN but the rate is in the mid to high teens but I have heard people talk of lower rates.

I know that some people have obtained secured LOCs with some community banks like Chino Commercial Bank.

Good luck and let me know if you find something.

Cheers!