All Forum Posts by: Jose Aguilar

Quote from @Katheryn Jackson:

Hello Jose,
My husband and I are in California (Riverside County) and purchased two properties from KC recently. I hope you took the plunge! If not, reach out and I would be happy to share our experience thus far. 

wanted to update this thread and share that I did manage to buy my first rental property, actually closed on it in may 27 2022. funny how things don't go as planned. the first three months were busy, fixed some problems including, the foundation, flooring plumbing and electrical. I didn't have a renter so I had holding cost, utilities and mortgage until the second week of September 2022 when I finally found a renter. with in six months of ownership the roof started to lose shingles and was leaking, had a roofer to check out the damage and found wood rot underneath. fought with the insurance company to see if they would replace it with a new roof they said no after sending their own inspector and said that the roof was already too old. I went back and forth with the insurance company for another 2 months until I found an insurance claim expert and he managed to get me a new roof absolutely free. roof was fix just 2 weeks ago and now a year later I'm glad to say it was all worth while. the rent is due to increase next month in September.

Hi folks my name is Jose I'm from Whittier CA and I'm kind of scared to jump into buying real estate in Kansas city  but if not now, when ? I want to start taking action, even if those steps are small. here are the facts, I've read the books,  analyzed about 80 deals in my preferred area, I've listened to a handful of podcasts, and read a basic purchase and sales agreement about 5 times. 

I have 15k and a partner willing to give me 5k for a deal. also have a credit line of 8k just incase. 

my price range is 75k to 85k in these area codes 64128 and 64130 they seem to be in a C class neighborhood,

I want to connect with people who have similar goals and anyone who is willing to listen. 

thanks for the welcome Dan, ill definitely check those books out 

thanks for the warm welcome gentlemen, and for the book recommendations will definitely check them out. 

I'm a little nervous to introduce myself to this community but here goes

hi there, my name is Jose Aguilar I'm 25 years old and live in Whittier CA 90604, I love to eat, work out and read books, and i now have an interest in building wealth not just for myself but for my family. I'm a college drop out, work as a server, and crave finical freedom. I listen to the bigger pockets podcast while driving to work and wish I could go to the beach instead of sitting in LA traffic.

personal balance sheet as of 9/14/2021

assets liabilities

bank:$1617.95 car loan:$10,555.00

savings:$14,284.36 credit card debt:$159.63

emergency fund:$840 student loans:$0

cash:$113.14

trading account:$1775.10

coin jar: $18.75

credit available:$6,000

income statement

Average income:$2100

Average expense:$1875

savings rate:$225

social security number 802 00 1031, just kidding haha

what would you do if you had my financial strengths and weaknesses. I'm open to listening to others experience. if you have book recommendations or advice id appreciate it.

my goals are to make enough cash flow to cover my expenses, and eventually create more time for myself and leave my job.

I'm a little nervous to introduce myself to this community but here goes

hi there, my name is Jose Aguilar I'm 25 years old and live in Whittier CA 90604, I love to eat, work out and read books, and i now have an interest in building wealth not just for myself but for my family.  I'm a college drop out, work as a server, and crave finical freedom. I listen to the bigger pockets podcast while driving to work and wish I could go to the beach instead of sitting in LA traffic. 

personal balance sheet as of 9/14/2021

assets                                           liabilities                             

bank:$1617.95                              car loan:$10,555.00               

savings:$14,284.36                        credit card debt:$159.63

emergency fund:$840                    student loans:$0 

cash:$113.14 

trading account:$1775.10

coin jar: $18.75

credit available:$6,000

income statement

Average income:$2100

Average expense:$1875

savings rate:$225

social security number 802 00 1031,  just kidding haha 

what would you do if you had my financial strengths and weaknesses. I'm open to listening to others experience. if you have book recommendations or advice id appreciate it. 

my goals are to make enough cash flow to cover my expenses, and eventually create more time for myself and leave my job. 

I'm a total newbie and I'm so glad you reacted to the post, really love the feed back Dan, thank you. 

View report

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