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All Forum Posts by: Jessica Carcamo

Jessica Carcamo has started 7 posts and replied 38 times.

Post: REI and Development!

Jessica CarcamoPosted
  • New to Real Estate
  • San Diego CA
  • Posts 40
  • Votes 15

@Jimmy Lieu thank you! guidance would be much appreciated! 

Post: REI and Development!

Jessica CarcamoPosted
  • New to Real Estate
  • San Diego CA
  • Posts 40
  • Votes 15

@Tim Ryan awesome to hear about your Meetup Group focusing on real estate investing it sounds like a valuable resource.


I don't make it up to the Pasadena area often, but I'm definitely interested in learning more about your group and the insights you share regarding out of state investing for rental properties. I'm open to consider the potential for growth in different markets.

California It seems like the market quite competitive.

I'd love to hear more about your experiences and any tips you have for navigating these different aspects of real estate investing and development.

Post: REI and Development!

Jessica CarcamoPosted
  • New to Real Estate
  • San Diego CA
  • Posts 40
  • Votes 15

I'm interested in connecting with like minded individuals who are also passionate about real estate investing and property development. I would greatly appreciate any advice you could offer on how to get started with buying your first property also Are there specific resources or strategies you found most helpful when you were starting out? If you know of any local groups, events, or online communities where I could meet others who share this interest! thank you.



Post: Investing $55K need help getting started!

Jessica CarcamoPosted
  • New to Real Estate
  • San Diego CA
  • Posts 40
  • Votes 15
Quote from @John Mason:

Facebook groups in your area

 @John Mason Thank you very much!

Post: Investing $55K need help getting started!

Jessica CarcamoPosted
  • New to Real Estate
  • San Diego CA
  • Posts 40
  • Votes 15
Quote from @Paul H.:

Hi Jessica, 

Like others have said, $55K probably won't do much in SD. 

You'll likely need to invest in a lower priced market. The hardest part of that is building a team you can trust from afar. 

Personally, I'd say find a market you want to go after. 

Start to build a TEAM. People often say "TEAM", but honestly, if you can find an Agent who is also an Investor, they probably already have a team in place on their own projects, so it's more like finding that one person you can TRUST. (I did this here one time with an investor out in California with a few flips they were doing in Pittsburgh)

And start with a rental property that needs updated or minor renovations/fixup (definitely not a BIG renovation on your first one). 

After this first one, or maybe two. You have 1-2 rentals and are able to show EXPERIENCE when it comes to buying, renovating, managing the renovation, etc. And with this EXPERIENCE you can go to a hard money lender or a potential partner and get some help to go after a FLIP. Right now, with no experience this would be hard to do...

Best of luck!

Hello, @Paul H.

Thank you for your valuable insights and advice! Building a team of trustworthy professionals is indeed especially when investing in a market that may be distant from your location. showing experience before pursuing larger renovation projects resonates with me, and I appreciate the reminder to take things step by step.
Your suggestion to find an agent who is also an investor is a great idea I'll definitely explore that avenue to leverage their expertise and existing network. I am in California, and it seems the easiest to build a solid foundation with a network of people in the industry that you can trust 100%. 

Post: Investing $55K need help getting started!

Jessica CarcamoPosted
  • New to Real Estate
  • San Diego CA
  • Posts 40
  • Votes 15
Quote from @John Mason:

In a position when I had 55 k and to do a quick start, I would have partnered with a high school friend, got a DSCR loan with a LLC by pooling money together and have an exit strategy of a buyout after 3 years or so. Would have bought a 400 K SFH house which can do STR and if not would be good to do MTR or LTR if the STR approach fails

This would have made my feet wet, got me money and I would have learnt the following

1.How to get lenders for loans

3.How to create LLC and use umbrella policy

4.Build a  network of lenders, PM, contractors and cleaners

5.Learn how to transition to MTR or LTR if needed

That would have been my approach to get a  quick start else I would have wasted months  on figuring out what to do:)

Hello, @John Mason

Thank you for sharing valuable information! It sounds like you've outlined a comprehensive plan for getting started in real estate investing with $55k. Partnering with a friend and pooling resources to leverage a DSCR loan with an LLC is a smart strategy, and having an exit strategy in place demonstrates foresight and planning. I am new to the industry, and this has been greatly beneficial. sounds like I need to grow my network in this industry but how so? I am still learning how to underwrite a deal.

Post: Investing $55K need help getting started!

Jessica CarcamoPosted
  • New to Real Estate
  • San Diego CA
  • Posts 40
  • Votes 15
Quote from @Jordan Tinning:

@Jessica Carcamo I don’t want to hinder you in anyway but it feels like you are responding with ChatGP. Is that the case?

 @Jordan Tinning Absolutely not, in fact you're not hindering at all. I am just highly impressed with your accomplishments in real estate, and I certainly appreciate your words of encouragement. My goal is to focus on a strategy and take action and succeed in the industry just like you. I greatly appreciate valuable insights and motivation from Someone with high expectations in the real estate industry! 

Post: Investing $55K need help getting started!

Jessica CarcamoPosted
  • New to Real Estate
  • San Diego CA
  • Posts 40
  • Votes 15
Quote from @Jordan Tinning:

@Jessica Carcamo for context, I’m a millennial and I own 3 different properties (including my primary residence) in 3 different states (WA, ID, FL) valued at $2.3M.

While many people my age are barely surviving, or still living at home, I took huge risks, saved diligently, read everything I could get my hands on. After that I made a conscious effort to and connect and meet with as many people in the RE business as I possible and I still find myself in new challenging situations as LTR landlord. It’s not been easy, but it’s definitely worth it.

I say all this to encourage you to keep going and take action! There are lots of lookey loos on this platform that never actually do a deal. Don’t be one of them!

@Jordan Tinning

Thank you so much for sharing your inspiring journey and valuable insights! Your accomplishments in real estate at such a young age are truly impressive, and your determination to take risks, save diligently, and continuously educate yourself is commendable.

It's encouraging to hear about the challenges you've overcome as a long-term rental landlord and the rewards you've reaped from your efforts. Your story serves as a reminder of the importance of perseverance, networking, and taking action in pursuit of my goals.

I truly appreciate your words of encouragement and the reminder to stay focused and proactive in my real estate endeavors. I'm committed to taking action and seizing opportunities to grow and succeed in this dynamic industry.

Post: Investing $55K need help getting started!

Jessica CarcamoPosted
  • New to Real Estate
  • San Diego CA
  • Posts 40
  • Votes 15
Quote from @Jordan Tinning:

@Jessica Carcamo hate to rain on your parade but being a landlord is anything’s but passive. And both my rentals are in A+ neighborhoods.

My advice would be pick ONE strategy, read as much as you can on the topic (like flipping or house hacking), then surround yourself with people who are actively doing what you want to do successfully.

I just gave this advice to someone else. When you hang out with people who are actually doing deals you will eventually feel silly when you are the only one not taking any action.

Hope that helps!

 Hello, @Jordan Tinning  

Thanks for sharing your perspective! You make a valid point about the active involvement required in being a landlord, even in high-quality neighborhoods. I appreciate the reminder to carefully consider my strategy and immerse myself in learning and networking within that specific niche.

Focusing on one strategy, whether it's flipping, house hacking, or another approach, and surrounding myself with experienced individuals who are actively achieving success in that area sounds like solid advice. Being in the company of those who are taking action can provide valuable insights and motivation to propel me forward in my real estate journey.

Thanks again for your input it's helpful to hear from someone with firsthand experience in the industry.

Post: Investing $55K need help getting started!

Jessica CarcamoPosted
  • New to Real Estate
  • San Diego CA
  • Posts 40
  • Votes 15
Quote from @Tim Ryan:

You'll have to invest out of state. I'm investing in the south and midwest. I'd say learning more about which market to go to is your next best step.

 Hey @Tim Ryan  



Thank you for the advice! Investing out of state is definitely something I've been considering, especially since it opens up opportunities in different markets with potentially higher returns. I appreciate your suggestion to focus on learning more about different markets to determine the best fit for my investment goals. I am also open to connect and partner with other investors.