All Forum Posts by: Jesse Rivera

One of the brokers I work with has helped several people buy homes for assisted living. He has some great insights on it. He works those areas. Message me and I can connect him with you. 

Hi Kevin,

It looks like you have some money saved, that's fantastic. If you want to put down a low down payment, you might not cash flow for a few years.

And FHA for 3-4 units is almost impossible. FHA has a self-sufficiency rule that makes it difficult unless you put A TON OF MONEY down. You can do a duplex though, which might not be a bad idea.

With your credit score, conventional might be a good choice, you only need 5% down for 2-4 units if you live in one.
 
I like OC, my office is in North Orange County.

I'm a tech and marketing guy. Been a Realtor for 15 years and a lender for 8 years. I've designed a CRM for both of my businesses, and looking to develop it for market.

Looking for 5 agents to help me refine the build out and Beta Test the CRM. 

Will not charge you for 60 days (or longer) for the CRM, and then give you 50% off for 12 months.  Setup fee will be waived.

I know how busy Realtors are, so my goal when designing the CRM is to make it as done-for-you as possible. There will be times you will have to update your contacts (after having a conversation with a lead, for example), but I want to make it as seamless and easy as possible.

Features:

Full contact management system
Will be mostly done for you
Built in follow up systems for new leads, existing leads, SOI, & past clients. Will include email, texting and newsletters.
Newsletters will be written by my team each month, and branded with your info
Review management system
Open house registration and follow up system
lead and client pipeline
Social Media Planner
AI texting and FB messaging
Phase 2: FB marketing and follow up

I am using the HighLevel Platform.

Only cost to you during the beta will be for the texting number, A2p registration, and email & texting costs.

If interested, contact via this site.

If you're doing FHA, I'm sure you know you have to live in one of the units. And doing 3-4 units FHA is tough unless you have a huge down payment. Self sufficiency rule makes 3-4 units almost impossible. Duplex is ok.

Riverside might be doable, if you're ok with that.

Happy to get on a call and answer questions.

I agree with Joe, talk to a title rep. I have some contacts if you need one.

If you need to refinance to pay off the brothers, let me know, I will give you a great deal.

Best of luck!

 LA to AR. that is a big culture shift. How do you like it?

Are you asking if you should quit college and go into real estate?

100% find a mentor that is doing it. Offer to be his/her assistant for free, do all the stuff he/she hates doing, and learn the business from them. If you can add value to his/her business, they will be happy to teach you. They know there's enough pie for everyone.

Hi Sherry,

I live in Long Beach, so know the area.

We do a little property management, and some flipping, so always have our ears to the ground for properties. There is a severe shortage of home to rent in north OC, when one of our client's homes come up for rent, it is a feeding frenzy. And I always see fixers at a decent price (if yo don't mind putting some money into it).

Lot's of great advice here.

My best piece of advice: Real estate is a relationship business, If you build great relationships, you will be successful.

I live in CA, and I would never invest long-term here. Too expensive, and too anti landlord.

Before Covid, I invested in Pittsburgh. I went there several time before I bought anything, and just met with local realtors, contractors, mortgage pros, investors, title, went to meetups. Before I ended the meeting, I asked them if there was someone else I should be meeting that could help me.

I drove around and checked out the neighborhoods, sometimes with realtors, sometimes alone.

My success was tied to those meeting and those relationships.

I know there are people on here that invest without even stepping foot in the city. God bless them but that's not me. I need to know what I'm getting into.

Just my 2 cents.