All Forum Posts by: Michael Loperena

 This does help alot! Thank you for your reply. Did you have an idea of what some good starting points are for what private money lenders or hard money lenders are looking for? Something that I can maybe account for when doing my calculations? I guess i'm looking for some terms that are attractive to money lenders.

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*This link comes directly from our calculators, based on information input by the member who posted.

Hey guys I’m looking at this deal and I have a few questions..

1.) Are there any creative ways to fund this deal if I have no money to put into it while also keeping a portion of the pie? I don’t care about owning the whole property but how could I introduce partnerships onto this deal?

2.) Is it even worth it putting 20% down plus rehab costs for just 1k a month cash flow? I’m not sure if the BRRRR strategy is good for this deal…

I’m still a newbie at this and any feedback would be amazing. I can provide boots on the ground help for anyone  needing it in exchange for feedback. I’m located in San Jose CA. If there is anyway I can help you please let me know. Thank you for your time.

Im seeing opportunities that could possible be great fix n flips. My biggest concern is that if I put a property under contract and can’t find any buyers I’m screwed. I know that this concern comes from a lack of knowing whether or not what I’m looking at is a good deal. I’ve learned a majority of how to wholesale through Jerry Nortons Yt channel but, I’m having trouble pulling the trigger! What can I do to help myself?! Please if someone can point me in the right direction.

Hey BiggerPockets Community! 🌟

I've got an exciting challenge for you today! Can you guess the cost of a full rehab for this property? Put your real estate investing skills to the test and see if you can come up with the most accurate estimate. Not only will this be a fun exercise, but it'll also sharpen your ability to estimate rehab costs in the future.

🎯 The Property:

📍 7087 Skyline Blvd, Oakland, CA 94611 💰 Asking Price: $999,999 🛏️ 3 Bedrooms 🚿 3 Bathrooms 🏠 3,677 Sq Ft

Here's how the game works:

1️⃣ Analyze the Property: Take a good look at the property and its details. Consider the location, size, and any unique features that might affect the rehab cost.

2️⃣ Research the Market: Do some research on the local market and find out the average cost of rehab projects in the area. This will give you a solid starting point for your estimate.

3️⃣ Break It Down: Divide the rehab into different categories, such as roofing, plumbing, electrical, flooring, and so on. Estimate the cost for each category and then add them up to get your total rehab cost.

4️⃣ Post Your Estimate: Share your estimate in the comments below! Remember, this is just for fun, so don't be afraid to take a guess. We're all here to learn from each other.

5️⃣ Compare and Learn: Once you've shared your estimate, take a look at what others have posted. Engage in discussions, ask questions, and learn from your fellow real estate investors.

Ready, set, guess! 🚀🏠

(Please note: This challenge is for educational and entertainment purposes only and should not be considered as professional financial advice. Always conduct thorough due diligence and consult with a professional before making any real estate investment decisions.)

Hello Bigger Pockets community!

My name is Michael, and I'm excited to join this fantastic forum to learn and connect with like-minded individuals. I'm currently based in San Jose, CA, and have a strong interest in multi-family properties as a means to achieve financial and locational freedom.

A little about me: I don't own any rental properties yet and am in the process of paying down $25k in debt from a failed business ($15k at 10% interest and $10k at 0% interest). I've been able to save about $1,500 per month while making minimum payments on those debts. My goal is to gain knowledge and form valuable relationships that can help us all find great deals.

I'm looking for advice from experienced investors, particularly those familiar with the California market. I'm feeling a bit discouraged by the high prices of multi-family properties in California and am considering the possibility of investing out of state. However, I find the idea of being able to visit my property without taking a flight quite appealing.

I'd appreciate any insights, tips, or guidance you all might have. Should I focus on out-of-state investing, or is there a way to make things work here in San Jose? I'm eager to learn from your experiences and wisdom.

Thanks in advance for your help, and I look forward to getting to know you all and contributing to the community!

Best regards,

Michael L