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All Forum Posts by: Account Closed

Account Closed has started 5 posts and replied 14 times.

Post: Rents Only Cover Mortgage

Account ClosedPosted
  • Jacksonville, NC
  • Posts 16
  • Votes 10

I’m going to go against the grain here and say that it might be worth it. I’m in San Diego and wouldn’t at all mind owning a multi family that breaks even. Reason being is even though I’m not making money on cash flow (yet), I’m still building wealth through loan paydown, rising rents, and appreciation. 

Post: Any contractors in Chula Vista who could help w/ rehab estimates?

Account ClosedPosted
  • Jacksonville, NC
  • Posts 16
  • Votes 10

Hello, looking for a contractor or handyman who could accompany me on a house tour of a quadplex in Southwest Chula Vista. Preferably this weekend at a time that is most convenient for you. Asking for thoughts and input about what cosmetic work needs to be done. Will compensate for your time!! 

Post: BiggerPockets Bootcamp Signups are Happening Now!

Account ClosedPosted
  • Jacksonville, NC
  • Posts 16
  • Votes 10

Anyone that has done one of these and can share how it went?

Post: During Analysis - How to Quickly Eliminate Potential "Deals?"

Account ClosedPosted
  • Jacksonville, NC
  • Posts 16
  • Votes 10

Hello, I am looking to acquire a long-term rental in Southern California as my first investment property. However, as a beginner I have been a little overwhelmed because I am not 100% sure what to look out for when my agent sends me listings. Sometimes I see a home that seems to be a good deal but has been sitting on the MLS for a long time and I can't always figure out why. I have been using price-to-rent ratios to quickly rule out properties that aren't worth further analysis. Aside from this, what are other red flags I should be keeping in mind? I have been told many things such as to avoid homes being sold "as is," avoid HOAs, avoid buying flips, etc. When analyzing rental properties, what are some automatic deal-breakers for you?