All Forum Posts by: Paloma Wodehouse

That’s all very helpful and thank you for the tips. 

I appreciate the response. I’m not scared. I’m wanting to be prepared and educated since I’m new to this and looking for advice. I’m very much excited about becoming a landlord. I’ve just heard horror stories from landlords and I’m looking for suggestions on how to best vet tenants - Good credit, no missed rental payments in last 5 years, etc. Perhaps it’s as simple as that. 

Additionally, where do you research if an area has a good rental pool? 

Hello,

I want to buy a duplex in an area with strong tenant laws. Beyond carefully vetting the tenants, how can an investor protect themselves from squatters if we want to sell years down the road? Or replace a bad tenant say who is paying? 

Ashish, this is so helpful, thank you for sharing! We wouldn’t want to resell within a year for the reason you mentioned, but we’re starting to think it’s a smarter strategy to buy and quickly fix up a duplex or more to first get our foot in the door. Then when we’ve done our first or second property, we could get into flipping homes as well. Seem like a good strategy? 

Also, I understand it’s all about finding good deal, but what are some good ways to find those online when we don’t have a team built yet? We’re new to the area and don’t know a lot of people. We do have a realtor and lender but what are other ways or other people that can help us find good deals say before it’s listed? 

500k in capital gains would be amazing, but I assume that with that kind of profit the property would need to be in the upper echelons. 

I appreciate the advice! We hope to get into real estate investing by flipping homes, but we also understand it’s smart to diversify a little and have some longer term goals like rental properties. We are really open to it all and open to whichever avenue makes the most sense for us and is most lucrative, but we’re thinking that’s flipping first (since we’ll want to do a live and flip), then later buying rental properties in more affordable states with our profits. Thoughts?

Hello Community! 

My husband and I are looking to flip our first property. We have a lot to learn, but are excited to begin our investment journey. We are hoping to find something in the north or east bay with good potential. Prices are currently high, so we’re looking to educate ourselves on how to find a good deal. We also would love go learn more about tax savings and how go make the most of our money by continuing to roll our profits into new properties. All advice for us newbies is welcome. My husband is a contractor which gives us a leg up in flipping, but we are also curious about diversifying and buying rentals. Specifics on how to start are all appreciated! We hope to learn from others mistakes and wins. Thank you.