All Forum Posts by: Laela Tec

The pipes and trees aren’t urgent, it’s just precautions. I know the pipes would probably cost around 10k to replace haven’t gotten an estimate on the trees yet. I would like to start investing in real estate but I’m afraid that I’m not experienced enough. I think I would have to invest out of state, unless I can find a good deal on a condo or townhouse in SoCal. But again I really have no experience at all.

Not planning on selling the house anytime soon but I might rent it out in the future.

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Hi, I’m going through a cash out refi. I’m getting 30k but I’m not sure if I should buy my first rental property or put the money towards my primary property. On my primary property the pipes do need to be replace and trees need to be cleared. I’m just not sure what the right decision is. I feel like I should buy another property to rent out but I also feel like investing the money back into my primary property would help me in the future. What would you do?

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Hi everyone

I’m new to real estate investing and I am working on getting my license. It’s been a bit difficult for me because I mostly speak Spanish and the terminology is hard to understand. Does anyone have any suggestions that could help me before I go to take my test? Also, would like to connect with anyone here that speaks Spanish. I live in San Dimas, CA.

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Originally posted by @Anthoney Hanks:

@Laela Tec, welcome to the BP community! Wishing you future success.

Thank you!

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Originally posted by @Dan Guenther:

@Laela Tec

Welcome to the community!

You should look for FB groups in your area related to investing, you'll most likely find some that are hosting meet ups. Also, try the Meetup app for local meet ups in your area. If you search the forums here you can definitely find previous posts from people that have experience in mobile home investing and then just reach out to them.

Good luck and let me know if I can help anyway!

Awesome! Thank you, I’ll look into FB groups too.

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Originally posted by @Dmitriy Fomichenko:

Laela, awesome that you joined!

Thank you!

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Originally posted by @Todd Rasmussen:

@Laela Tec

If you are interested in mobile home investing you want to go to LAREIA and connect with Andy Teasley. https://www.meetup.com/Los-Ang...

My wife and I have enjoyed regularly attending LAREIA for a little more than a year.

We have a more local meetup, but haven't talked mobile homes yet. We are virtual for now, but heading to in person in La Verne once we are able.

Awesome! Thank you so much, I’ll look into it.

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Originally posted by @Justin Windham:

@Laela Tec

Welcome to Bigger Pockets!

Make sure you check out all that this site has to offer. You will be able to get answers to all of your questions regarding real estate investing, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance from many of the knowledgeable members. Take advantage of networking while sharing your story with all of us.

The site has quite a few tools that can be helpful for new members. For example, if you are looking to connect with other members near you, want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/users

I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alerts

Thank you! I didn’t know that I could look up users and the alerts.

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Originally posted by @Peter Mckernan:

Hello @Laela Tec there is a meetup group in the North Orange County area (Yorba Linda/Anaheim Hills area), also one in Riverside. There are a few in LA County too. I would suggest looking for a meetup group through meetup.com that is where I host my meetup group.

For the investment side of things I would suggest staying away from mobile home investing if you are looking to invest in a single mobile home. The reason is that there is a lot of red tape, if you are financing the property there is a lot of challenges depending on if you own the land or if you do not. If the property is considered a wheeled property then the interest rate can be in the 6%-9% range too.

Awesome! Thank you for the advise, I’ll look into the meetups.

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All Forum Posts by: Laela Tec

Laela Tec has started 3 posts and replied 11 times.

Post: Getting my Real Estate License, I speak Spanish

Post: Buy Rental or Fix up house

Post: Buy Rental or Fix up house

Post: Getting my Real Estate License, I speak Spanish

Post: New to investing, am looking for meetup groups near San Dimas, CA

Post: New to investing, am looking for meetup groups near San Dimas, CA

Post: New to investing, am looking for meetup groups near San Dimas, CA

Post: New to investing, am looking for meetup groups near San Dimas, CA

Post: New to investing, am looking for meetup groups near San Dimas, CA

Post: New to investing, am looking for meetup groups near San Dimas, CA