All Forum Posts by: Ralph Christian Mark Aquino

Hello BP community. I am looking for a real estate attorney to help me remove a destructive tree in front of my house, which unfortunately is on city property. City of Whittier California loooves their trees and giving me a hard time. I attempted to send them a letter written by my grandma’s Doctor how much of a hazard that tree is, no success. Just recently a 10 ft branch out of nowhere fell and smashed my neighbors car. We’re just glad it wasn’t a person that huge branch landed on. The roots are already lifting up the pavement and causing potential hazard, it is just a matter of time until it finds it way to the sewer line. Any advice or help would be great.

Thanks again @Nabil Suleiman @Corby Goade and @Brandon Woirhaye for the wonderful inisght. Definitely a confidence booster! I will decide to go all out and sell the home, get that equity and reinvest in real estate via rental properties and target a desirable cash flow.

Maybe my actual question is. Is the price of homes going to decline in the near future? More opportunities to purchase rental properties? Should I wait a few years, or should I jump in now? Thank you again, pardon my ignorance. I am doing my best to educate myself on the world of real estate in the free time that I have, but I find it best to resource out from people who already know.

Hello Corby, thank you for the response. I live in Whittier, California. The range of monthly rent for a property like mine I would say conservatively $2600. It is a 3 bed 4 bath with a bonus room for possibly another bedroom or office. Detached Garage and a pool. 2120 sq foot living space and 6900 lot size. Our monthly payment is $2800 including escrow. It is estimated current price at $635k which easily could go for $650k (just speculation). We are also estimating a rough estimate of 200k in equity. Please feel free to advise or comment. I am just desperate to seek information from reliable resources like yourselves, and trying not to jeopardize my family’s future in the hopes of attaining a better one.

Hello Nabil. I really appreciate the feedback. I will try to answer the questions you have provided to the best of my ability. I am still trying to learn the market and extracting information from the pros. 1. I am considering Mephis, Indianapolis, and Minneapolis. I haven’t done much research on it, aside from the data wise it is supposedly good for real investing at this time. (I could be mistaken). 2. I’ve only so far inquiring about memphis invest (appears to be a turnkey investment) ball parking about 10-15% ROI 3. We are looking to rent at townhomes and apartment rentals close by where we currently reside since it is close to our jobs and our kids’s school. Our current mortgage payment including escrow is $2800/ month. We are currently looking to rent no more than $2300/month. It is definitely a lifestyle change for my wife and the kids, but we are willing to adjust for a greater purpose on venturing into a real estate business. 4. The main I’m leaning on to this decision to sell my home and rent is for many various reasons. First, I would really like to step back away from having a lot of time consumed maintaining my home and divert it to learning and be actively investing in real estate. Second, I am afraid the price of our home right now is at its peak estimated $635k and would like to use that equity money (roughly around $200k) to fuel my planned venture to financial freedom through real estate investing. Third, I feel that the market will drop in the next couple of years and would like to be prepared to purchase rental properties when that happens. Again, it is a major decision in my life, I really don’t want to screw it up for my family. All I want is to provide them the best life possible. So I am willing to make sacrifices now for a greater gain in the future. Thank you so much for taking the time. And will appreciate any comment or suggestion you may have.

Hello BP community. I have a dilemma that I would like to ask anybody who is very much aware of current and future market in real estate. If anybody would kindly shed some light I would definitely appreciate it. My current situation is I am planning to sell our current home in Southern California that we have lived on for about 3 1/2 years. Purchased at 505k and estimated to be about 630k in Zillow. After selling our we home, we are planning to rent an apartment temporarily and start purchasing rental properties using the profits from selling our home when the market drops. Please advise whether this is a good idea/ bad idea? Or how this plan can be tweaked?

Thank you Greg!

thank you for the reply and helpful insights guys! 

Hello everyone my name is Mark Aquino. New to BP community and brand new to the real estate game. I am excited with this new venture and would like to seek advice on my following goals. I currently have $100k available equity that I would like to use for investing in real estate. Any recommendations on which route to take the money out? Cash out refi vs Home Equity Loan vs HELOC? Also, any recommended companies or lenders that would help service me? I have been doing my due diligence of googling and youtubing to gather information. I would really appreciate any advice from real life experience from successful real estate investors. Thank you.

Hello everyone. My name is Mark. I am new to the BP community. Very excited! Very new to everything. So that would explain the nerves of uncertainties running through. I have a very specific goal of investing in real estate through the equity of my home. I would really appreciate if anybody can clear a few things for me to provide enlightenment. Is pulling equity out of my current home ($100k available) a good idea? And if it is, which route would be good? Cash out refi vs HELOC vs Home Equity Loan. Any suggestions also for a company or lender that services my needs. I have done my due diligence of googling and youtubing information but I would like to supplement it with real life experience from successful investors like you. I would really really appeciate any useful information.