All Forum Posts by: Jesse Rivera

If you plan to buy in your hometown, buy a 2-4 unit, and live in one of the units. You only need 5% down. Rent out your current home. Live in the multi-family for a year, then move back into your own home and rent out the unit.

If if not ideal, it's worth the hassle. 

Join our Business Development Team

We are a California based mortgage lender, looking for a few motivated people to help us build relationships with Realtors (and other local professionals). We have a great value proposition, so you should get a good response.

As a Prospect Lending Business Development Representative, your job will be to develop Realtor and other networking relationships to drive new business to Prospect Lending.

Compensation is dependent on loan volume generated from those relationships.  If you’re diligent, you can easily add 4k-8k to your monthly income in the coming months. If you are diligent, you could earn even more.

This a part-time, commission only position. You can work as little as 10 hours per week as long as you are doing your weekly recruiting activities. This could be a great side hustle, and a great way to make money while you start and grow your real estate career.

We are hiring in the larger metro areas of California only. 

If interested, message me and I will send you more info about the position. 

I disagree about buying in CA. If you know where to look and have the right time, you can find properties that cash flow. And you get some decent appreciation as well, unlike the midwest where appreciation is minimal. 

I have not done it myself, but have helped some people with financing. It's all about the numbers. If you can find a fixer at a good price, with room for an ADU, and the comps are good, then you have a deal.

Are you planning on flipping or long-term holds?

I've helped people with SBA loans to purchase real estate for a business, but for buying rental real estate, the DSCR loan is a much better option. Lender does not look at your income, just your FICO and they want to see rental income. If you do a side by side comparison, DSCR will win every time.

Welcome! 

I've been sending people to a Realtor/property manager in Sacramento. He is great with investors and can find deals that cash flow much easier, including some off market stuff. Shoot me your number if you want to chat with him

If you live in CA, and you incorporate in Wyoming, you still need to register it in CA and pay the 800 dollar per year LLC/Corp tax. CA is brutal when it comes to taxes.

Talking to an attorney that specializes in investing is a great idea before you get started.

If you live in CA, and your LLC is in OR, you still need to register it in CA and pay the 800 dollar per year LLC tax. CA is brutal when it comes to taxes.

I don't give tax or legal advice, but many people believe that holding the property in your name and having a good umbrella policy is a good solution.

I've got a great Realtor in Riverside that is also an investor. she would be a great resource for info and helping you find a property. Let me know if you if you want to connect with her.