All Forum Posts by: Lalaine Garsula

Pictures and details please.

Hi all,

I just need a guidance on how to help my coworker with her current situation. She bought a house in Las Vegas for 235K in May 2015 (8k down, $1588 monthly that includes mortgage, insurance and tax) with the intention of using it as a vacation rental so the house is fully furnished . Her business did not go as well as she had initially thought it would. Few weeks after her purchase, she moved to northern CA for a job. I would like to help her out but rental market value is only $1300 and there is no equity but there is a potential/predicted increase in value of 8%. I was thinking of doing a lease option for 3 yrs. with purchase price of 235k where I could put down 8k and have monthly payments of 1600. I would then offer it to an end user as lease option for 3 yrs. with down payment of 15-20k and monthly of 1800-2k. Is this plan viable?

Thank you all for the warm welcome! I have been going through the podcasts in the site just trying to learn the most that I can before that first deal to prevent costly mistakes.

@Minh Le and @Chris RG, thanks for the invite. I will definitely be there this friday. Looking forward to meeting and learning from the ones who have done it. 

Hi all, My husband and I are new on this venture of opening up a real estate investing business. We have little to no experience. We have one measly rental property in Los Angeles and we are looking to expand. Our background has been in health care and so our ultimate goal would be to open turn key long term home care facilities for health care professionals who have been working over 12 hours daily taking care of other people's families while missing out on their own family life. They have to know that there are other means of creating passive income for retirement. I have seen colleagues getting hurt or disabled towards their retirement countdown. Some have literally worked themselves to death. And I do not want that to be the story of our lives. So we have chosen this path. During our search for our first tenant, we realized how real estate can also be a venue for helping people and their families. Every time we would speak to our tenant, they are always grateful for helping them move out of a garage that had been their home. And we had always felt bad for the families that we had to turn down. I am hoping that we could expand our business to be able to help more families. We are very brand new at this and so any advise is welcome. And we are hoping to meet with local investors willing to take us under their wing. Anyone in the bay area who would like to go out for coffee, lunch, or dinner sometime??? Lalaine Garsula