All Forum Posts by: Nicholas Ramirez

 Love it! Well said, thank you for your experience Mae!

 I get there is math involved. But how would a newbie incorporate "know your numbers" into taking action? Just seems a bit too broad to use as advice for taking action.

A lot a newbie investors spend so much time trying to learning "the right amount" of information before jumping into investing (as if there's such a thing). But every experienced investor says it's more important to just make the jump, take the leap, take action!, and learn as you go; that taking action is better than waiting for perfection. My question is, for someone who is usually so focused on planning everything out first, (ex. waiting to be in a strong financial position), what would you recommend the first 3 steps to be to "taking immediate action?"

What is your best response to combat analysis paralysis?    

Curious to know your general thoughts on this. I'm looking/interested in a 4-unit (2 - 2B 2B 2Car attached garage | 2 - 2B 1.5B 1Car attached w/ patio space). Location is great as it surrounds tons of local shopping, dining, entertainment, and easy access to two main freeways.

The description mentions that the land lease expires in December on 2063. Is this something I should shy away from completely. Can someone offer their pros/cons list? I have absolutely 0 knowledge on how land leases affect real estate, and therefore, investing. Or is anyone can offer some resources/books to read up on the matter, I'd greatly appreciate the insight. Thank you all!

I should also mention, this investment would be a live-in/house-hack deal/purchase.

 Thanks, Erik, for your advice! Any tips for someone trying to break into LP with no real experience in the field?

To all the lenders out there (In California) --- I'm looking for some advice

I'm want to get into the world of investing in real estate. But first, I want to fix my income. And by fix, I mean earn a decent one that allows me to begin the journey. I figure since I love learning and talking about real estate so much, I might as well have a career in it. So I've decided to pursue an MLO license. Seems to fit my skill set. However, I'm finding it difficult to find out what exactly is necessary to earn the license at all.

I've, so far, figured out that I can either be licensed through the DRE (which requires I first hold a realtors license) or the DFPI (which doesn't seem as lucrative license to hold compared to DRE). Can anyone confirm? Is there any advantage of one over the other here in California?

What would be the steps needed to complete whichever is recommended?

I appreciate any and all help that is provided. Thank you!

Investment Info:

Condo buy & hold investment.

Purchase price: $380,000
Cash invested: $19,648

Not really a portfolio investment as it currently my personal residence, but I'd still consider it an investment. I know our equity has grown some since we closed in June of 2021. In the summer of 2022 an almost exact comp closed for $480K in the same complex and same structure.

*Pictures - First Floor

 Hi River! Thanks for the question! I'm open to investing anywhere. One thing I've learned so far is that "investing in your own backyard" doesn't much apply in today's world with the technology we have available. Sure it may be a bit more work, but the key thing is that it's doable, and that's enough for me to bite.

Hello all. I'm starting on an investment journey, but don't really know where to begin. The only thing I've thought to do myself is listen to podcasta and start readings some books; I'm currently reading David Greene's BRRRR Book. I need a mentor who's willing to share their knowledge with me. I don't have anything but my time and work to offer. I'm willing to work after 5pm weekdays and anytime on weekends.