All Forum Posts by: Joe Homs

@Albert Johnson What is the condition of your home? You should only want to sell your home to a wholesaler if it requires major repairs and you need the money ASAP. You will always get more if you put it on the MLS. Where is the home at?

Good Investing...

@Kevin Kim C.A.R. does not allow anyone but members to use their forms.  Be careful that you may be saving a few dollars in the short run by not using a professional.  It may cost you more in the long run.

Good Investing... 

@Jordan Brown your question is a matter of numbers and not location.  If the numbers work in California, and they may not, then go for it.  Have you thought about just renting a 4–5-bedroom home and house hack it.  Less money on your part and you can pocket the profit between the actual rent and what you charge the others.

Good Investing...

@Michael Martin reach out to @Dmitriy Fomichenko who is the expert in this area.

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@Michael Goddard sounds interesting...  Reach out.

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@J Ferri you can find them here: https://www.biggerpockets.com/forums/521/topics/1228757-ocre...

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@Enyo Kim meet like minded investors here:  https://www.biggerpockets.com/forums/521/topics/1228757-ocre...

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@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.

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## 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

@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...