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All Forum Posts by: Ryan Rodriguez

Ryan Rodriguez has started 2 posts and replied 24 times.

Post: Closed My First Buy & Hold in Los Angeles

Ryan RodriguezPosted
  • El Monte, CA
  • Posts 24
  • Votes 14

Thanks @Simon Ruiz! Very great for my parents! I plan to repay the favor to them through real estate wealth. 

The first way my license helped was that I had full access to the MLS. Would not have found the deal otherwise. In addition, as a licensee, I am able to see a lot more detail then public remarks. This helps gain a little more information on the property, which positions yourself to better negotiate and present a good offer to the seller. Also, title reps give you access to pull title reports on the properties and IMO a lot easier to compare comps. Lastly, the end commission ain't bad either (2.5%*595000) - Broker fee. Used the that money to reinvest.

Post: Closed My First Buy & Hold in Los Angeles

Ryan RodriguezPosted
  • El Monte, CA
  • Posts 24
  • Votes 14

@Hardik Patel Thanks Hardik, will do!

Post: Closed My First Buy & Hold in Los Angeles

Ryan RodriguezPosted
  • El Monte, CA
  • Posts 24
  • Votes 14

@Danny Farrell Thanks Danny! That's awesome, hope all goes well with the deal. What city did you find the duplex?

Post: Closed My First Buy & Hold in Los Angeles

Ryan RodriguezPosted
  • El Monte, CA
  • Posts 24
  • Votes 14

@Matt R. Thanks Matt! Wow! That sounds like a good friend to have a connection with...

Post: Closed My First Buy & Hold in Los Angeles

Ryan RodriguezPosted
  • El Monte, CA
  • Posts 24
  • Votes 14

@Anthony Gayden no doubt LA is one of the toughest place to get started.

Post: Closed My First Buy & Hold in Los Angeles

Ryan RodriguezPosted
  • El Monte, CA
  • Posts 24
  • Votes 14

@Gabriel D. Zapata Thanks buddy! Hope you achieve that freedom number!

Post: Closed My First Buy & Hold in Los Angeles

Ryan RodriguezPosted
  • El Monte, CA
  • Posts 24
  • Votes 14

@Logan Allec haha I could not agree more! We just have to look in the right places to find the money flowing properties in our market!

I see you are a CPA and an investor in the LA area, do you specialize in real estate (saving in taxes, etc.)? I am in the market for a good CPA :)

Post: Closed My First Buy & Hold in Los Angeles

Ryan RodriguezPosted
  • El Monte, CA
  • Posts 24
  • Votes 14

@Carlos Altamirano Appreciate the feedback Carlos! I have not considered the airbnb strategy. Will take a look at crunching the numbers and see if it would be worth my while. 

Post: Closed My First Buy & Hold in Los Angeles

Ryan RodriguezPosted
  • El Monte, CA
  • Posts 24
  • Votes 14

@Frank Schwarz Appreciate the feedback Frank! This is one of many reasons why I love BiggerPockets - hearing stories from the Podcasts and forums really helped me get my first deal done. 

Post: Closed My First Buy & Hold in Los Angeles

Ryan RodriguezPosted
  • El Monte, CA
  • Posts 24
  • Votes 14

@Agustin Jimenez Thanks Agustin! It's possible, we just have to work hard on finding the right deals.