All Forum Posts by: Joe Cisneros

Are you seeing properties listed at those prices or making offers well below the listing price and, rarely, getting lucky?

http://www.noradarealestate.com/Index.asp

Does anyone have any experience with this group?

Thanks!

Have you seen properties in So Cal that will produce positive cash flow? I would like to buy sometime relatively soon and I would prefer something local if the numbers work.

Thanks for your help!

Thanks for your reply, that helps a lot!

I can understand that many of you would prefer to have properties that are local.

How would you all recommend that someone like myself, very new to the business and living in southern california, go about getting local properties?

Thanks!

Hey All,

I'm trying to get started in investing and, since I have a full time career that I enjoy and pays me well, I'm not really looking to have REI be my new full timer.

I've seen various deals that all sound fairly good. What I'm not sure about are these new developments that offer cash back at closing and guaranteed rents for X years.

Have you all seen these types of deals? I'll be getting all the information on one specifically soon so I'll put it up but I'm just wondering if there is something specific that I need to look for or stay away from.

Thanks!

I'm in Long Beach, not too far away.

I still haven't bought my first property but hopefully soon. I'd love to get together and talk (though I won't bring much experience to the table)

Having a multi-unit property is something that I'm seriously considering.

I have a guy doing some research for me now. My main limiting factor is simply acquiring good, solid knowledge. There are so many resources out there that it's hard to know which are legit and which aren't!

If anyone has solid knowledge and experience with multi-unit property ownership, I would love to speak with them!

Also, you said that you are in a similar situation that I am but only two years out of school. Are you in sales? If so, I'd be happy to help you out with some career advise. When I was younger, a friend helped me out tons and really made sure I had my career planned out. It was the best thing anyone has ever done for me and I'm happy to help others out the same way.

If you are in sales and want to talk, just pm me and I'll give you my number. (That isn't my job and I don't make money that way, I'm just helpful) :)

Thanks for the replies, they really help.

I'm kind of leaning towards buying in a slightly different area that a friend found that can generate a little bit of positive cashflow. I think getting one or two of those to start off might be the way to go, especially since I don't really NEED more than I live in now, I might as well keep my costs low, I suppose.

It is getting to be a good time to buy though, so I'll keep an eye out for just the right place for me as I get my savings up.

Thanks!

Hello,

I will admit that I'm pretty much just starting out in my research on real estate. Longer term, I would like to invest in real estate and build a property portfolio.

So far, I haven't seen how a rental property can product income in my area with rents being so low and property values being so high.

I'm trying to decide if I should continue renting and search for rental/income property or if my first real estate purchase should be my primary residence.

About me:
I'm single, no wife or kids.

I've been out of school for a little over 4 years. I'm a sales rep and so my salary has seen very steady increases. At this point in time I should make about $140k/yr. My only debt is my car ($50k). I currently rent for $1045/mo. About a year ago I paid off all of my debt so I've only been saving for about a year. I have roughly $15k in cash. Credit score of 793. I should be able to save about $2k/mo or so. I just started a new job so I'm still trying to get my budget and savings ability dialed in.

I live in Southern California and I want to stay in the general Long Beach area. I'm ok with staying where I am now and renting for another year or maybe two but I certainly would like to buy somewhere in the near future if it makes sense.

So that's me and I'm trying to do research so that I can decide what is best for me. I will continue saving money until it's time to invest but I want to put that money in the best place that I can.

Thanks for any help that you can offer! Also, I would appreciate, and use, any good internet resources that you can point me to.

Thanks!!