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All Forum Posts by: Joe Homs

Joe Homs has started 97 posts and replied 2029 times.

Post: Are we in the right path?

Joe Homs
Posted
  • Flipper
  • Mission Viejo, CA
  • Posts 2,167
  • Votes 1,112

@Thelma Bal Yikes is right.  Who talked you into buying the Costa Mesa condo?  Unfortunately, of everything that you have pointed out, this would be the one I would suggest selling.  You are not going to make anything on it, so you will not have to worry about capital gains.  Your actual property taxes alone on that will be over $10K a year in 2025 and don't forget about that supplement tax headed your way.

I would suggest keeping the others and maybe changing to LTR if that will give you consistent cash flows.  Mtr/str hybrid, and Cohost are just a shiny object syndrome.  I rent my portfolio out as LTR and self-manage.

Good Investing...

Post: OCREIN - Insurance Crisis

Joe Homs
Posted
  • Flipper
  • Mission Viejo, CA
  • Posts 2,167
  • Votes 1,112

(No cost, no pitch) Forming new relationships and networking may be the most important aspect of success in real estate. Furthermore, learning from the real-life success and failure of other investors is invaluable. This is a perfect place to learn, grow, and network!!
***
The connections that perfectly complement you are out there. If you have not found them yet, you aren't looking hard enough. No successful investor will tell you that it is easy, but they will tell you that most could achieve success with hard work and perseverance. Don't give up!
***

## Speaker

Aaron Rosen
This month speaker, Aaron Rosen is the owner of Arc 23 Insurance.
He started as a Farmers insurance agent over 10 years ago and realized he wanted more options for his clients. He left Farmers after 1.5 years and went to work for an insurance broker for about two years before opening Arc 23 Insurance.
He has a team who works with him to support their clients.
Aaron is an active member of Orange County Realtors and has been affiliate of the year twice.
He truly love’s insurance and is passionate about helping people.

Insurance Advisor | The Rosen Team
CA License # 0G98697, NV License # 3217188, AZ License # 15732599
Cell: 949-441-1244 or Office: 949-484-7500
E-mail: [[email protected]](http://mailto:[email protected]/) Fax: 949-204-3860
24000 Alicia Parkway #17332, Mission Viejo, CA 92691
[www.Arc23Insurance.com](http://www.arc23insurance.com/)

Let's make your real estate dreams a reality – together!
Agenda:
6:00 pm Pre-Networking (Please order some food or drink)
6:30 pm Introductions
7:00 pm Speaker Information
8:00-9:00 pm Networking

Post: Using Seller Financing to Buy Primary Home

Joe Homs
Posted
  • Flipper
  • Mission Viejo, CA
  • Posts 2,167
  • Votes 1,112

@Dallas Morioka why use your own money when you can do seller financing.  No qualifying and the ability to use your money to purchase something else?

Why pay off the mortgage early? Do you get interest on that money that is sitting there in your home? Are you able to use it easily, only with a HELOC.

If you lose your tax deductions, then Uncle Sam is happy to take more of your money each year.

Good Investing...

Post: Using Seller Financing to Buy Primary Home

Joe Homs
Posted
  • Flipper
  • Mission Viejo, CA
  • Posts 2,167
  • Votes 1,112

@Dallas Morioka what specific help are you looking for?  This will all depend on how good of negotiator you are.  At $1M let's say you can do zero down to 20% or more down.  How much will be the interest rate, and terms of the loan.  Length of loan, 5 years to 30 years?  Your rehab is going to be about $150K. It's really not a difficult deal to put together.

Good Investing...

Post: New to real estate and ready to learn!

Joe Homs
Posted
  • Flipper
  • Mission Viejo, CA
  • Posts 2,167
  • Votes 1,112

@Anthony Bodota welcome to BP in the OC.  I suggest you start out by meeting like minded people and here is a link to a local meetup in the OC: https://www.biggerpockets.com/forums/521/topics/1225233-ocre...

Good Investing...

Post: Real estate broker and lender

Joe Homs
Posted
  • Flipper
  • Mission Viejo, CA
  • Posts 2,167
  • Votes 1,112

@Aaron Tennison Welcome.

Good Investing...

Post: New to BP and Los Angeles County

Joe Homs
Posted
  • Flipper
  • Mission Viejo, CA
  • Posts 2,167
  • Votes 1,112

Post: OCREIN - Kickstart 2025: Real Estate Lessons from 20+ Years, 5000+ Deals, and 1

Joe Homs
Posted
  • Flipper
  • Mission Viejo, CA
  • Posts 2,167
  • Votes 1,112

Details

(No cost, no pitch) Forming new relationships and networking may be the most important aspect of success in real estate. Furthermore, learning from the real-life success and failure of other investors is invaluable. This is a perfect place to learn, grow, and network!!
***
The connections that perfectly complement you are out there. If you have not found them yet, you aren't looking hard enough. No successful investor will tell you that it is easy, but they will tell you that most could achieve success with hard work and perseverance. Don't give up!
***

Are you ready to hit the ground running in 2025?

Whether you’re a seasoned real estate investor or just dipping your toes into the world of rentals and flips, this is an event you won’t want to miss.

Join us in Irvine, for a special evening with Dani Beit-Or, a real estate investor with over 20 years of hands-on experience.

Dani has been through it all—booms, busts, and the 2008 crash—and helped clients purchase over 5,000 rental properties in 40+ U.S. metros. Through the highs and lows, he’s learned what works, what doesn’t, and most importantly, how to turn challenges into opportunities.

This talk is packed with real-world insights, powerful lessons, and a treasure trove of gems from Dani’s personal and professional journey.

You’ll hear about:

  • 3 top mistakes learned from the 2008 crash
  • Simple yet powerful tips and suggestion to help you excel
  • And of course – your questions, open discussion and more

This talk aims to shatter taboos in real estate investing and encourage bold, innovative thinking.

Who should attend? This event is perfect for:

  • Beginners who want to learn from someone who’s been in the trenches.
  • Experienced investors looking to refine their approach and gain new perspectives.
  • Anyone who wants to start 2025 with a solid plan and a dose of inspiration!

The atmosphere will be friendly, engaging, and filled with energy. Think of it as a casual chat with an old friend who just happens to have 20+ years of real estate experience under their belt. You’ll leave with not only a deeper insight into smart investing strategies but also a sense of empowerment to make 2025 your best year yet.

BIO
Dani Beit-Or: A Real Estate Investment Educator with a Wealth of Experience

With over two decades of hands-on experience in U.S. real estate, Dani Beit-Or has guided thousands of investors in building solid, income-producing portfolios. Since 2004, he has been involved in more than 5,000 real estate investment transactions across diverse U.S. markets. Dani’s approach is tailored, taking into account each investor’s goals, financial situation, and level of experience—whether they are just starting or are seasoned property owners. Dani’s journey includes navigating the turbulent 2008 financial crash, an experience he considers his "real estate MBA." Managing both personal and client properties during the downturn deepened his expertise in crisis management, market adaptability, and long-term investment planning. Rather than glossing over the challenges of real estate, Dani offers a straightforward, no-nonsense perspective, emphasizing the importance of preparation, resilience, and informed decision-making. Known for his teaching and mentoring style, Dani focuses on empowering investors with practical knowledge. He is passionate about sharing not just the successes but also the lessons learned from the hurdles he’s overcome. Investors working with Dani appreciate his honest, realistic insights and his commitment to helping them navigate the complexities of the U.S. real estate market with confidence.

Let's make your real estate dreams a reality – together!

Agenda:
6:00 pm Pre-Networking (Please order some food or drink)
6:30 pm Introductions
7:00 pm Speaker Information
8:00-9:00 pm Networking

Post: What happens to a solar lease in California AFTER Foreclosure?

Joe Homs
Posted
  • Flipper
  • Mission Viejo, CA
  • Posts 2,167
  • Votes 1,112

@Mitch M.  At the end of the day I would check with your attorney, but I ran this interesting question by my Title Rep @First American.  He said that you can still sell the home, and this would not hold you back in doing so.  He suggested calling them to negotiate something, to your satisfaction, as you previously stated, including removing the panels.  In the meantime, enjoy the free energy they provide?

Good Investing...

Post: New to real estate investing

Joe Homs
Posted
  • Flipper
  • Mission Viejo, CA
  • Posts 2,167
  • Votes 1,112

@Aparajith Srinivasan Welcome to BP in the OC.  Check out tomorrow's meetup:  

OCREIN - Reading the Crystal Ball and Predictions for 2025

Good Investing...