All Forum Posts by: Account Closed

So my landlord wants to put one of my bills under her name and even wants to pay for it. Im totally fine with that but I am just curious why she would want to do that. Im sure there is a reason for it but just do not know why. She lives out of the country.

Does anyone know why she would want to do this?

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@Aaron Mazzrillo

Aaron, how do you go about searching for properties? Wondering if you have a method you recommend.

Thanks

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Can anyone recommend an honest, reliable and skilled contractor in the southern california area? Considering a complete reno versus a complete new build on two separate properties.

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@Aaron Norris @Leonard L.eon I cannot comment on the strength of housing in moreno valley, but I can say that it seems hospitals like Kaiser permanente are betting on increasing population in that area as they are in the middle of expanding into that area...

2 Votes

Originally posted by @Micah Copeland:

@Brandon Duff

Why yes sir I do know the 1% rule isn't the end all be all.... but its a good eyeball test for a reason.

Well you do have more info to help people help you evaluate the deal. Peachy.

I wouldn't pull the trigger unless I am cash flowing at least 200 and thats with the property management 10% factored in. They only way I could justify this property to myself is if it was in an area that is set to appreciate drastically, or in an amazing A class area. If this is a C class area I would run away fast.

It looks like you have ran the numbers well and if you are happy with 150 a month without getting paid for your time managing the property then move forward with confidence.

Can you explain the different class areas in more detail? I am not aware of these classifications and what it means. Thanks

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Im also interested in the meet up. Since I am completely new to this any topic would be good for me.

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Hello everyone. Im new to this website so I would welcome any advice with an open mind.

I live in (north) orange county california and I am completely new to real estate. Im interested in real estate to supplement my income. My goal is to slowly accrue a few properties, which I can eventually hand over to my children.

2 Votes

All Forum Posts by: Account Closed

Account Closed has started 3 posts and replied 8 times.

Post: Landlord wants to put one bill under her name and pay for it

Post: Landlord wants to put one bill under her name and pay for it

Post: Is it better to invest in my area that has sky high prices or invest in other markets?

Post: Looking for a contractor in southern california

Post: HOT - WARM - COLD WHERE'S YOUR MARKET?

Post: Property to buy?

Post: Orange County Meetup - February

Post: Newbie from North Orange County - California