All Forum Posts by: Stan Hernandez

Hello,

This is my first deal analysis. I would greatly appreciate if someone can check it out and share your input. All feedback is welcomed.

My initial thoughts were all positive but now I'm doubting myself because this looks too good to be true, at least to me. Perhaps I am too high on rent income. I look forward to everyones feedback. 

Thanks!

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*This link comes directly from our calculators, based on information input by the member who posted.

A popular and very expensive place to live for sure!

Reading a six page thread post while sipping on my cold brew inspired me to create my very first post on BP. 

So I have roughly $50k-ish in the bank and waited for 2020 to be over before even thinking about buying property. I have done quite a lot of research and came to the conclusion that using FHA, hacking SFH + ADU OR MFH will work for me. I can entertain the thought of using the BRRRR method but not sure yet.

Fast forward 8 months into 2021, I'm curious to see what people have to say about the market, specifically in Los Angeles. Should we wait until 2021 is over? Will the market crash soon? Will Dogecoin ever hit $1? LOL Would love to hear your input!

My current 9-5 will not allow me to invest OOS so that is out of the picture.

Oh and please keep your "leave Cali" comments to yourself! That joke is getting old :)

So let's hear, what would you do in this situation. 

Best,

Stan

Hey BP!

1. 🌎 I'm from Los Angeles and looking to invest locally or out of state since it is really expensive here.

2. 💫 My goal is using my first multi-family purchase as a stepping stone to getting the ball rolling in real estate investing. 

3. 🤪 I can play the guitar