All Forum Posts by: Jose Guzman

@Colin Reid thank you for the response. How’s investing in St. Petersburg?

@Dylan Vargas thank you for the response, wisdom and contact. I’ll reach out. How’s investing in Chico? Are you close to Chico State? Having an investment property for college students could be a good investment. What do you think?

California dreamin'? Do CA lenders exist for first time buyer/investor? We've (the wife and I), been trying to find lenders in California to help us start our REI career. What are ways to approach a lender and dissuade them from the stigma of, "first time buyer/investor" and help us with funds?

Sinopsis:

1. 720 credit score

2. $0 in reserves

3. $20K DP

4. Work for BNSF; railroad conductor

5. Need a home for family

6. Need to get out of “rat-race” ASAP

7. Oh, and I live in Southern California

Gracias.

@Johanna Hackett Mrs./Miss Hackett when will you organize a meet up?

Also should add that a house big enough to fit our family here in Chino, CA currently going for around $600k which would disqualify us for FHA max amount in our county. We have good DTI and both have great credit but no $ down due to economic hardship brought on by pandemic. What are your thoughts?

@Aaron K. Thank you for the feedback. What's your investing style? We don't have a specific style because we're amateurs in REI, what would be a good start?

@Dennis Maynard Mr. Maynard, considering Dakota’s proposal (buying a multifamily), is buying in the High Desert wise? We wouldn’t live in the property, only invest in the property.

@Dakota Burkeen Dakota, I appreciate your input, thank you.

@Dennis Maynard Dennis, good morning. We’re located in Chino, CA.

Looking for advice on when/how/what to invest for first property with my current situation:

Husband + wife, 3 kids and 1 due in September. Currently crammed into 2 BR apt and need more space ASAP.

Option 1 we considered purchasing a house for us to live in for a few years and then either sell/rent later on as we move on to something else.

Option 2: since property prices are so extremely high right now, we rent out a 4BR house and wait to purchase our first home some time next year so we can save for down pmt and hopefully prices drop (live in southern CA).

Just started learning from BP a month ago and we are serious about becoming investors and change our family’s life. Wisdom & direction from current investors would be greatly appreciated.