All Forum Posts by: Jeet Sangha

@Hyeonji Oh , you may be able to purchase your primary home using Santa Clara County's Empower Homebuyers shared appreciation down payment assistance programs. They can lend you up to $250,000 towards a down payment if you are a first-time homebuyer, live or work in the county, and meet their income criteria, which I believe is up to 120% of the area's median income.  Then use your savings to purchase an investment property. 

Hey @Kashyap Shah, how is it going? Have you been able to find any decent properties in the Fresno area? I also recommend checking out the Hollister market. Rents are strong and prices are relatively affordable compared to the Bay Area.

Hey @Jimmy Alfaro, If you're trying to stay local I highly recommend you look into the Hollister rental market. Rents are strong, and property values are relatively affordable compared to Silicon Valley. I'm heavily invested in Hollister myself. Let me know if I can help in any way. 

@Felix Shi This is a very specific circumstance. I doubt anyone will have an answer for it here. How did you arrive at the $40k number? Your best bet would be to go back to the building department and ask them for clarification.

@Dan Fritschen What an unfortunate situation. How much equity is there in this property, or is it paid off? I have investors who may purchase with short-term seller finance and offer a sizable down payment to cover your bills. 

Please send me a message or call me, and I'd be happy to discuss this in more detail. 

Hello Senen,

It seems like you are in the San Jose area. I'm a Realtor based out of Gilroy and I cover the entire Silicon Valley region. With over 8 years of experience in Residential, Commercial and Land acquisition, I can help you with any of your real estate needs. I also have my own real estate investment portfolio.

I would love to have a chat with you to see if we are a good fit for each other. Please feel free to contact me at your convenience.

@Karthik Jayaraman Based on your math, it looks like you're losing $915 each month, which can be a significant amount for many. How much has the property appreciated since you bought it? What do you plan to do with the proceeds from the sale if you were to sell? 

I understand that in the long run, the property may appreciate more, but are you comfortable paying $915 out of pocket each month? As much as I would like for you to keep this property, it doesn't pencil out as a good rental property. Moreover, if the HOA goes up again next year, your loss is only going to get bigger.

If you can sell your home for more than what you paid for it and you're not taking a loss, I'd consider selling it if I were in your shoes. Do you know if you have conventional or FHA financing? If it is FHA, you can potentially sell your property for more. I'd be happy to walk you through it if you're curious.

Quote from @Omid Bakhtar:

I want to buy and hold a real estate portfolio within a 2hr radius of Gilroy, CA, over the next several years. I have come to be educated thourgh a real estate course and thankfully found Bigger pockets and going through their material. Thank you for all that you do!

At this point, I can likely qualify for properties in the 400-500k price range through conventional financing. My immediate goals are to acquire a duplex, possibly in the West Sacramento area. I am eager to connect with investor agents and anyone gracious enough to share their knowledge. Thank you for your support!

Hello Omid,

Consider exploring the Hollister real estate market; it occasionally offers properties in your price range, with a robust rental market. Feel free to call or text if you'd like to discuss this further. In Gilroy, there were two fixer-upper duplexes that sold for $750k, providing some perspective.

Hello everyone, I organize a monthly real estate investment (REI) gathering in Gilroy, CA. Although this meetup is still in its early stages, I hope to see it thrive and become a thriving hub for real estate investors to come together and offer mutual support. I've been the host for more than a year now, and we've garnered 62 members on meetup.com. Due to time constraints, I've made the decision to step back and haven't been able to dedicate the necessary time for it to reach its full potential. If you're passionate about real estate and enjoy connecting with like-minded individuals, this opportunity may be perfect for you. If you'd like to learn more, please don't hesitate to send me a direct message.

Here's your opportunity to own a fixer upper in San Jose.

This particular house is 4 bed 2 bath 1350 sq ft. Recent comps in the area suggest the ARV to be ~$1.25M. Please feel free to send me a message if you're interested in learning more about this property. I am not sure if I can share the address or the price here.