All Forum Posts by: Jesse Rivera

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.

Welcome to Biggerpockets! You are in the right place to learn and network. I am down the street from you in Long Beach. If you have an questions, feel free to reach out, or if you're in the area, let's grab a coffee!

Enjoy the journey!

Good writeup, I think you are spot on.  Big changes coming soon, and climate change is just the beginning. Don't get me started on the national debt and the amount we pay in interest each year. Giving me nightmares.

Socal is tough to find investment properties that work.

I have a great realtor in Sacramento that can find properties that cash flow. Sees a lot of off market stuff because he is a property manager as well.

The toughest part about investing outside of your locality is finding boots on the ground that you can trust. That's why I am sending socal investors to him.

Let me know if you want his contact info.

For a new investor, events like this are a goldmine. And here is why:

Real estate is all about relationships. 

Events like this give the opportunity to meet and talk to investors from all over the country, doing different kind of investing, and with a varied amount of experience. When I go to events like this, I do go to some of the sessions, but most of my time is just sitting in the lobby chatting with people. 

You will learn a lot, but you just may walk away with new friends, new partners, and maybe even someone who can call a mentor. I still keep in touch with people I've met a decade ago!

I highly suggest you go.

And it's VEGAS!!!