Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jeffrey Almonte

Jeffrey Almonte has started 2 posts and replied 116 times.

Post: The Amazing Field of Investing!

Jeffrey AlmontePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 122
  • Votes 67

I'm a big fan of Morgan Housel, regularly read his articles, and ordered his book a few days ago. I just listened to his interview on MadFientist too and enjoyed it.

Post: Should I sell or keep my 2nd home in San Pedro, CA

Jeffrey AlmontePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 122
  • Votes 67

@Samantha Chang It really depends on your goals and how much time you are willing to allocate. Will brought up an excellent point about the tax exemption. If you qualify for that, that would push me more towards selling the house while you have the tax exemption still. I agree that there are many other investments out there that will yield you more return with much less effort.

If your goal is to get even deeper into real estate, then another option is to sell the property and purchase a multifamily property. Being in Southern California, the returns will be less than stellar and it would be time consuming. The new California Rent Control Laws will make it more difficult too. But you would gain landlord experience to help you grow your real estate portfolio.

Post: Deal analysis - 710k Triplex in Mid-City (LA)

Jeffrey AlmontePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 122
  • Votes 67

I agree with all the posts above.

One thing to include in your calculations are the relocation costs associated for LA RSO. This would affect your CoC returns. Also, the LA RSO laws are more strict than the California Rent Control Laws (AB 1482).

Post: New to BP - DTLA area (design/hospiality/REI)

Jeffrey AlmontePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 122
  • Votes 67

Hi @Jolyn Chen, welcome to BP! BP is great and has so many resources.

I find it very difficult to invest in LA too, so I invest out of state. Spend some time learning about different investing strategies and choose a strategy that works best for your life situation. Once I focused on a strategy, that's when I made the most progress.

I live in DTLA too. Feel free to reach out if you want to chat!

Post: Unprecedented Structural Shift - The Thriving Multifamily Market

Jeffrey AlmontePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 122
  • Votes 67

@Tyler Erickson Great information! Thanks for being transparent about the source of the data and any biases.

Post: Los Angeles Bigger Pockets Happy Hour

Jeffrey AlmontePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 122
  • Votes 67

I missed this one! Are you organizing another Los Angeles BP happy hour @Brandon Foster?

Post: (LA) Homeless Encampments in back alley behind Rental Property

Jeffrey AlmontePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 122
  • Votes 67

@James Yoo

This is an interesting case indeed. What did you end up doing?

Post: Ron Legrand - Fast Track to Wealth

Jeffrey AlmontePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 122
  • Votes 67

I've never been to a Ron Legrand event so I can't vouch for him. 

However, there is lots of knowledge to be gained by attending free or low cost local meetups. The real gold in the meetups are connecting with people afterwards. I've learned so much over a $5 coffee meetup with people.

Post: Starting a Meet-up Groups in Los Angeles

Jeffrey AlmontePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 122
  • Votes 67

Another vote for DTLA!

Post: Trading W-2 for Self Management- 0-92 Units in 16 months!

Jeffrey AlmontePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 122
  • Votes 67

Congrats @Collin Schwartz, you've been killing it!

Hopefully @Tommy Hoang and I will meet up with you again soon. By then, you'll probably double or triple your portfolio haha.