All Forum Posts by: Kyle Horjus

Hi All,

Essentially I am waiting in the shadows for my first real estate purchase (looking to apt hack in LA) until the market goes down. In the meantime, I don't like the volatility in the market but I want a decent return in the short term (who doesn't right?). I've thought about bridge loans for folks who live in an area where real estate prices aren't ridiculous, that way I can get the money back relatively quickly and it's not wasting away in my bank.

My questions:
Is this a good investment option?

Are there companies that pool together investor funds to provide bridge loans?

If not, what would you recommend?

Thanks everyone!

Seems like a good way to get my feet wet!

I am also looking to house hack a 2 bed 2 bath condo in Los Angeles. I agree with the above investors who are saying that in this RE Cycle the numbers don't make sense, but that doesn't mean you can't continue researching and making offers with numbers that do make sense. Me personally, I am getting my real estate license to make commissions off my own purchase or to further negotiate down the price (provided I can find a broker to work with). At that point I will weigh the opportunity cost of continuing to rent and waiting for the bubble to pop (unknown number of years) or to bite the bullet and pay extra in this cycle in hopes that my real estate will not lose more value than the combined rental income I saved purchasing now rather than later.

If anyone has incite on the above I'd be happy to hear it!

Thanks Mark, I'm up to date on all Morris's podcasts and am up to podcast #30 with bigger pockets and counting!

Hey everyone,

My name is Kyle Horjus and I grew up in Turlock, CA, but am now renting in Santa Monica, CA. I'm 25 and my interest and knowledge in economics (degree) and finance (concentration) has me constantly looking for opportunities to invest. I am not interested in making real estate my career but rather using it as an investment vehicle to some day fund a small business I am passionate about! That being said I am willing to put in the work to find a great investment vehicle.

I stumbled upon a podcast by Clayton Morris who really got me thinking about buying, rehabbing, and holding out of state real estate and it made a lot of sense to me. Through his podcast I found out about bigger pockets which as I continued listening gave me a bit of a reality check, but I am still determined.

I don't have a heap ton of capital which is why I can't afford anything in CA (not to mention anything CLOSE to L.A.) but I'm a good saver and have a salaried job as a market manager for a travel company that would allow me to pay for a small loan. I am particularly interested in Winston-Salem since I've been there before and my uncle lives just in Raleigh an hour and a half away. There is a lot of opportunity here from the research I've done but I need help getting advice on whether I can trust an appraiser to do a walk through for me, hiring a general contractor without being there in person, and estimating rehab costs. These are my 3 biggest fears that have kept me from pulling the trigger on any deals or even contacting agents. If anyone has done this before successfully I would like to hear your story!