All Forum Posts by: Ryan Antista

Hello BP community! My name is Ryan Antista and I am new to real estate investment. I’ve joined the BP community to begin networking, learning, and sharing. In short, here’s where real estate started for me.

I have an opportunity to buy the house that I’ve been renting for over 10 years. I’ve developed a relationship with the owner and he’s given me a chance to buy the home for below market value. Here are the terms he proposed: 10-15% down and the remainder at 5% for 5 years (seller financed). I started doing research and connecting with people that have real estate experience to help me understand the details of this opportunity.

The opportunity will expire soon soon and then it will hit the market. If I don’t buy the house I’ll be looking for another place to live within the year. I’m working with a loan officer to determine what I qualify for and I’ve started looking at areas that I can afford to purchase in. My immediate area (90064) is generally over 1MM for a non-updated 3BR so I’ve started looking in other zip codes (90815, 90808, 90712 and adjacent areas). I have a full time job in Santa Monica so I need to stay within a drivable distance.

My full time job is online marketing and I am a graphic designer by trade. If this can be of use to any of you, that is how I can currently give back!

I look forward to being a part of this community!

Cheers,

Ryan

How does the current economy effect your investment choices? I've heard people say that the economy is going to decline and that it's not a good time to get into real estate investing or buy a home. I'm in Santa Monica CA and wonder what the BP members think about the current or near future status of the economy and how that might impact your approach or choice. And if you have a good one-liner comeback for these naysayers, that would be helpful too ;)

Thanks in advance for any input!