All Forum Posts by: Leanna Mansour

Someone I'm close with has a BS in Finance from San Jose State University and has been running a family own business for 9 years since he graduated. He manages all the financials, accounting, training, HR... You name it. He's done it.

He's looking for Financial Analyst jobs or HR related jobs and it's been unsuccessful so far I think because he doesn't have a big brand name company on his resume. He is very intelligent and so knowledge about how to run and start up a business. He's just so burnt out and wants a corporate job.

He's looking at maybe getting an MBA or MS In Accounting or Finance thinking it may help with the job search.

Any advice?!

@Caleb Heimsoth We bought a 1400 SF SFR in the East Bay. I don't have a real estate license but sure I can get one. I thought about selling ourselves actually, but my realtor mentioned she thinks we will get a lot less on the sale if we do it ourselves...

Hi @Kim Stofan! It definitely is a huge weight off my shoulders! We have, and it would only bring in about $3800/month, we need closer to $5200 to break even. I am not 100% sure where we want to invest, most likely out of state since its a lot cheaper and we don't have that much to put towards an investment at the moment. We'd probably have someone else manage it, maybe a relative who lives in that area (not sure yet). We are open to moving out some time in the future, yes. Just sort of kicking ourselves for getting this house right now.

@Kevin Wood thank you!

@Arlen Chou hello, we do not have kids but we’re in a great school district In the Pleasanton area. If we move out and rent it, the rent will not cover the mortgage. Prob can rent for around $3800 and mortgage is $5200. Just made the wrong move I think and bought this house too early!

@Jana Cain hello! We ended up buying a SFR in the east bay and we sold the condo. Now we’re regretting it. The payments are higher and we feel like it’s hindering us from buying an investment. If we sell in the spring we’ll prob lose around 60k in realtor fees

I feel stuck. We just sold our condo in San Jose, Ca, made some money off the sale, paid off school loans, and bought a SFR in the East Bay (in June 2018). Our mortgage is about 1200 higher than our condo was and its manageable but now were re thinking it all and think we made the wrong move.. We should have rented and looked for an investment. Maybe a duplex or some type of MFR. If we sell in the Spring, we will take prob a 60K hit... not sure how to go about this now. Any advice for a newbie? I want to get into this and just buy enough to be "financially free" - maybe 2-3 places. I am just looking to get started.

Hi All!

My name is Leanna, I am new to Bigger Pockets. I own a condo in San Jose and the HOA is currently $460 a month and may only get higher as they will eventually need to replace the roof and who knows what else.. we bought it about 2 years, 2 months ago and we are discussing a deal with someone to sell. I keep contemplating whether of not its smarter to keep or sell with such a high HOA that will only increase. We are discussing a deal that is roughly 194 over what we paid for it, so well probably walk away with close to 270 when all is said and done. We are interested in buying multi family but this is all very new to me and I am trying to learn as much as I can as I would love to make my pockets bigger :) with real estate! The Bay Area market is tough and we are not sure if we should keep this, keep saving, and buy more property in a year or two OR sell it now, and buy a multi family home that we can live in and rent out at the same time. Is there a better way to analyze this than what I am doing now?

Thank you!