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All Forum Posts by: Moises Villalpando

Moises Villalpando has started 2 posts and replied 14 times.

First of all congratulations!! You are 20 years old and you own your on job!!!  Now you want to get into Real Estate. There are so many different pathways you can take, all I can tell you is what I know, which is what I have done...so far. I started my Real Estate venture by house hacking. I have been doing this for the last 3 years and it has been great.  It has given me some experience in creating rental contracts, how to find good tenants, how to deal with maintenance issues, and finding a good reliable handyman among other valuable experiences. Oh yeah, and cash flow!   After 3 years of house hacking and a few books read under my belt.  I want to expand and seek out another Real Estate strategy...BRRRRing!!  So I am creating my team and "funneling" properties until I can find my very first one.  It might take another week, it might take longer. So what am I saying with all this? ...keep moving forward, do not stay stagnant!!!

I have question about finding the ROI on my rental property that I once lived in. I lived there for 9 years and made some upgrades throughout that time. I have rented that property for almost 3 years now. My question is on what to include as part of my "cost of investment". Do I include the money that I spent on upgrades when I lived there or just from the time, I began renting the property? Thanks!!!

Thank you!!!! learn how to manage risk and the potential downside.  Note taken.  Thank you!!!!

Originally posted by @Frank S.:

Be open to buying stocks – I know this is a RE forum – but I consider myself an investor. Take advantage of opportunities no matter what the asset class. Some good quality companies are on sale right now and could give you significantly better returns than RE. Do you homework and know how to manage risk and the potential downside. Always buy (RE or stocks) with an exit strategy first because if you are wrong, and it will happen with anything you buy, know when to get out to limit your loss.

Great advice!!!  I actually have been reading the book How to Invest in Real Estate.  Half way done, I can't put it down!!!  I will take a look at Set for Life.  Thank you again!

Originally posted by @Craig Curelop:

Welcome to BiggerPockets, Moises!

You've got a lot to learn from BP site! Start by getting knowledge about Real Estate industry and BiggerPockets is the best venue to learn.  For sure other members are supportive enough to newbies like you. I would love too and give these recommendations for your study:

     1. Subscribe to the BiggerPockets Money and Rookie Podcasts

     2. Attend the FREE WEBINARS

     3. Attend a Meetup in Your Area

     4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

     5. Peruse the forums! Ask questions! Answer Questions!

Keep motivated and get connections here! See you around and good luck!

Best regards,

Craig Curelop

I appreciate your thoughts and your rhetoric.  I will keep your words in mind!

Originally posted by @Sam Khoshnavaz:

Hey Moises,

I'm from San Diego as well and I'm currently learning about investing and getting started! Unlike you, I don't own any rentals so you are already ahead of so many people!

When it comes to out of state investing, I think Anthony is right in saying that you should invest in what you know.  for me personally, I have concluded that because I have no familiarity with Detroit, and do not see any of the economic indicators that I look for in choosing a market, I would stay clear of that area; unless you are prepared. I believe there are better markets out there for newbies like me and experts like you to get a bigger bang for their buck. I think the key in finding that market is knowledge. 

Stay safe out there!

@Anthony Dooleyundefined

Well, you were no help.  This is a forum where we help each other.  so I heard.  good day sir.