All Forum Posts by: Jorge Barboza Jr.

@Natalie Schanne where are you investing? Seems like you are finding some good opportunities?

Another question, just to clarify, are you rent per room on all your investments? Is that why you are buying larger properties?

@Eddy Kim I gave you a vote just for the specificity of your question! :)

@Laura Cardenas you suggested exactly what I was going to suggest! Great minds!

@Luu Vu I think David Greene's book is awesome. You should definitely read it. I read it but unfortunately didn't have the opportunity to invest at the time. Now I am able to start again and will be re-reading the book this weekend and outlining a plan to start. Let me know if you want to chat. I can always give you my outline or work with you on looking for an investment.

@Orlando Naranjo

Where is it at? Or do you have a link?

Thanks everyone! 

@Stephanie Trevizo@Lee Bell@Seth Borman

So what does the BP community think about this. Buying the right open lot in a dense city that attracts a lot of Millennials and place a Tiny home on it. And then renting that out. 

CRAZY or GOOD IDEA?

Figured I would share this since I just saw it. Any thoughts out there? Los Angeles County Supervisors approve a Rent Increase Moratorium in Unincorporated LA County with a 4-1 vote on September 11, 2018

@Katie L.! You are awesome! Thank you for all the details, I just PM’d you.

WOw! thank you everyone one. I appreciate all the help.

Thank you @Alina Trigub

Thank you @Kevin B.

Thank you @Tim Jones

Thank you @Josh Sellers

And again, i am open to more feedback and advice.

Jorge

Oh man! This is what I love about BP INSTANT FEEDBACK. Ok here are my thoughts to you gifts you just gave me. Please tell me what you think.

The property is in California so theres that. It is close to where I work but even if I move further still drivable if needed. I will have property management and plan to be the primary contact person and my partner will be second. Now my partner is actually several partners but really the group has given all rights to invest to one person and that is the one I will be dealing with. I know him and have come close to partnering with him before but on businesses not real estate. 

My thought on right to sell was who ever has majority stake has the approval to sell or approval for buyout and buyout would be based on appraisal.

Expenses will be spilt by percent ownership and succession will be based on what way we decide to take ownership. If LLC then that will be a little more tricky and need to be spelled out. If it is tenant in common I believe that has it already spelled out.

Talents wise, I have more knowledge on real estate and systems and they have more knowledge on small business ventures.

I was originally thinking I should get an automatic 5% more equity because of finding the deal and being the primary but I would really like to work several deals with this Investors so I was going to discount that. What do you all think about that?