All Forum Posts by: Roger Rosa

Hello everyone, 

Looking for a starting point on how to structure a partnership. We have the targeted deal ready, ran our figures, and about to move forward, however, not sure how to structure this so we are both covered. We intend to find an attorney to aide us in establishing clear roles and responsibilities as well as financial benefits, which we plan to do (if anyone knows or recommends someone please comment their information below). 

What are some of the goals, roles and responsibilities, and other items we should have set in place? Does anyone have a template or guide they could share? Any help is appreciated. 

@Dan Schwartz not comfortably, this would definitely push my budget (if I can even qualify). I would have to sell to get to the neighborhood we want and spend some time rebuilding savings accounts to allow us to invest in the future

@Carl Fischer moving out of California is a topic we have discussed a lot! Though we both want to make the move at some point, we don’t feel now is the time just yet (for family reasons). We still have some ties that require us to be here for now.

@Jon Schwartz we did consider this, and actually went to see two of them. We decided not to take this route because of previous bad experiences for my fiancé.

@Jason Wray thanks Jason, this sounds much better than a heloc. Are there markets you recommend I look into?

@Pamela Sandberg what is the best way to find local investors and start those conversations?

I would definitely be interested in picking your brain a little

@Aaron K. @Darius Ogloza

Thanks for the input. I am finding houses I like, and more importantly neighborhoods I believe will be great for a family. The challenge is it’s a sellers market, the same market that allows me to sell my property above asking results in having to purchase another property above asking, and it’s very competitive in the areas I’m looking. However I do understand setting my family and myself up in a comfortable position now

Hello all,

Bought my first home 2 years ago in the California market, if you’re familiar with California it’s booming right now. Of course this opens up many doors, and more options tend to lead to hesitation and questioning.

I considered a few options:

1.) Sell my house, move into a better neighborhood where I feel comfortable starting a family. Larger payment but still comfortable.

2.) Pull a line of credit and purchase an investment property. Not sure where, however, I’ve considered Arizona market and Riverside county in CA. This is where all the options and decisions flood my mind, if I decide to invest, where and how?

3.) Sell my house, rent for a while and wait for house to drop in the neighborhood I would like to move to.

I did list my house and received an offer above asking. This would mean I would make 150k after realtors profit.

It’s worth mentioning I currently have a condo I just purchased and started renting. This was a deal I believed was good and profitable, and as of now have not seen any trouble in the horizon.