All Forum Posts by: Michael Din

Where is this data held! lol

Your getting by cheap. I live in Central valley and the managers I know make around 65k + all utilities paid and free rent. They took care of everything all the owners had to do were collect a check.

I want to get into the market and get something going before i sit on this to long and never make any moves. one big problem is everyone states use other peoples money....how do you do that? i have about 100k in a heloc i can pull from at anytime to start my investing but i want to be sure i cant use other means first? i have little to no cash on hand. I can't find a mentor to ask questions to in my area! this stuff is driving me crazy lol but i am seriously interested in starting this adventure. the saddest part is i have read books and watch numerous podcasts and still i am just as puzzled as i was in the beginning...

Also as a side note what comes first? should i contact a broker before i look for deals or look for deals and a broker simultaneously? 

Hello, I currently do now have any rentals under my belt, but i have been mainly looking for Multi Family units rather than single family. reason being is if at least half the units are filled then i still "potentially" have money coming it so not as much comes from me, currently i am looking for multiple family units, BUT each unit is its own dwelling...none of the houses are connected yet they are on the same property/purchased together. just my 2 cents, again i DO NOT have any units currently. but hope to make some moves soon on a couple properties.

anyone do this in the Manteca/Stockton/Modesto area by chance?

 If you go this route let me know, i have been looking at this site and the other site roofstock in purchasing a property just to get into the action. My current property will be my bread and butter when i move out of california. Moving to north texas isnt much better market wise though unfortunately.

Yes I have ran multiple numbers, I plan on keeping this property, it has just about everything new...besides the age of the house haha. I have looked at a few markets, want to get multi family home. Looked at most markets that are trending and some not so trending markets...I guess my biggest fear is how does the heloc or cash out refinance work? How do I pay off that 2nd mortgage with the new property?

Hello this property is my primary residence, but I plan on moving within the next 6 mo to north Texas. I was hoping to get 2 or 3 deals done and close before my move. My current house mortgage is 1200 rent in my area for a 3/1 house is about 2200-3k a mo.

Hello everyone, name is Michael I recently purchased my first home in July of 2020 in California. I got it for a really good price and my equity is up to about 100k already (paid 265k appraised for 365k). Houses in my area are getting cash offers for 40-100k over asking price. I do not want to sell this house. I DO want to use the equity in it to start my RE adventure. I am completely at a loss on where to start...i have done plenty of research, I analyzed 100+ deals. I would prefer to deal with OOS investing due to my central valley market being so rough right now.

Anyone in my shoes and how did you start? even reading everything i have read and trying to do my due diligence i feel i am stuck. Should i contact a financial advisor?