All Forum Posts by: Ramonater Ramo

Anyone?

Hi everyone,

I currently live in Irvine, CA and looking to move to Alpharetta, GA (near Avalon) by next April. There is currently no inventory in the areas I am looking to move to but, the good thing is I have time on my said. With the expiring eviction moratoriums, crazy market prices, and this whole move, any advice as too what I should be paying attention to? I am also looking to avoid a bidding a war (which might not be possible).

Thank you in advance

@Jaron Walling Thank you very much. You bring up great points. 

Hello everybody,

I bought my first rental property (8 units) in August 2017. Starting November 2020, it will finally start generating some income (about $1,100/month). I have been trying to find the next deal ever since July/August of 2018, and have not been able to find any worth investing in. Last night, out of nowhere, I started thinking “why not just build some rental units?” Given how hard its been finding something I am thinking about going that route. I have never built my own rental properties, so my questions are

• Is it overall cheaper to buy or build?
• I plan on doing some research over the weekend but, what do I need to look out for?
• What should I research?
• Do bank help finance something like this?

Any and all info/advice anyone can give will truly be appreciated.

Thank you

@Mike D'Arrigo You are absolutely correct, when i said they make money when i do i meant in regards to having a tenant in place and getting rent, they don't get paid if the place is vacant. And of course if i am left with a repair bill that might end up netting me negative that month (or a few) i know they will still charge their fee but, as long as the place is rented out.

Hi everyone,

I wanted to get people’s opinions on real estate companies that also do property management. Last weekend I went to a meeting/presentation for Marshall Reddick in Newport Beach, CA. (https://www.marshallreddick.com/) the presentation and sales pitch went great (as they always do) and I have already had a few conversation with the real estate advisor and so far everything looks great, the main thing I like about them is they have tons of listings out of state. Given the current prices in Orange County, I am not looking to invest here yet. Now, I know there are many companies out there like Marshall Reddick so, I am looking for people that have worked with these kinds of companies to please share their experiences and things I should watch out for. I know everything sounds great on paper and things can quickly become a nightmare. One thing I really like about them is they only make money when I do and their fee is 7% of the rent. I am not ready to jump in to investing tomorrow, I am still a few (3-4) months away from having enough for a down payment for a single home in the Texas and Tennessee markets.

Hi Everyone,

I know there really isn’t a right or wrong answer to my question and it all depends on a person’s personal situation and market they live in however, in general, is now a good time to buy an investment property or wait? I know there are always deals out there and right now, we need to search a lot harder to find them but, they are out there.

I have $30K saved up, live in Irvine, CA and not sure if I will end up buying my first home first or some investment properties in Orange county (or maybe in GA, FL or TX since I have brothers in each one of those states).

I am not trying to time the market (or maybe I am, not sure) I am just trying to see what the general consensus might be given my personal situation and market. Of course, if I find a KILLER deal I will jump on it but, in general.

@Kevin Nguyen

Hey Kevin, I am also new to REI and also live in Orange county (Irvine). I have been using meetup.com to network and attend meetups. One of the members here also suggested this meeting (link below), she goes to it and says its great, many like minded individuals in our exact situation there as well as many investors and RE vets. I found 4 events i will be going to this month (all free) through meetup.com. Its a great place to start networking.

https://www.facebook.com/groups/2530796393603159/

https://www.meetup.com/500homes/

Good luck.

Of course if i were to go overseas its only 5-6 week stretches at a time but, still no easy task for a "single" mother. We are currently talking about the possibility of moving somewhere else temporarily in our surrounding areas where rent is cheaper for a a short time in order to get a down payment for a home quicker or just to pay less rent overall and save more money to get a better (or more) investment properties. I think my next step is going to be to try and find creative ways to make money through real estate where i live. That way i can offer my services to investors, something along the lines of they put the money up while i do all the leg work.

@George Pauley No, i don't really care about owning a home as long as i am financially secure.I know many financially secure people that don't own their own home because they keep reinvesting their profits to grow their businesses. You bring up great points and i appreciate the stance you have taken. I will be rethinking my strategy to put a better plan moving forward. Thank you