All Forum Posts by: Roberto Moita

I have three investment properties (2 single family and 1 commercial). All the properties brings in about $2,700 per month gross. Rents are low. The commercial is paid off and have about $200,000 in equity between both homes. I’m considering selling all three and buying multiple units (5-10 units). I would like to get feed back or ideas.

Can anyone recommend a real estate hard money lender in California? I’m looking for a lender that will lend money based on purchase price.

Originally posted by @Jo-Ann Lapin:

I am not sure you are getting in at the right time for a hold situation. Don't get me wrong I like bakersfield just think now may be too inflated for what you are seeking. Have tou looked at the rental history trend over the last 10 years?

 I agree 100%, Bakersfied prices are too inflated. However, as we get closer to the Hollydays prices decrease due to the decrease of buyers. 

Based on the information above, I think the property is overpriced. I suggest you look for a property with a better ROI or try to negotiate a better price with the seller.

That's awesome!! Keep doing what works.

I would like to start a hard money loan business. But I don't know what are the minimum requirements. I tried to research online, but there is limited information on the topic. Can anyone help?

I'm assuming she has not moved in yet. If so, you have it easy. Just don't her move into the property until she pays the rent.

Welcome to Biggerpockets. You have made a great choice by jointing the Bigger Pockets community. I have learn a lot since I joined.

Great post! I am very interested in learning more about buying notes. How much up front investment do I need? Where can I get additional information about the topic.

Is this property red taged by the city?