All Forum Posts by: Stanly Hernandez

I'm 23 and i've been ready to pull the trigger for a while now... but it's going to be a challenge because the market is pretty high out here in SoCal. I'm looking into multi family homes (2-4 units) and use FHA for my first property.

Congrats to your son! I'm 23 yrs old and ready to pull the trigger on my first purchase aswell.

Congrats @Amanda Sutherlin ! Reading success stories like this one really motivates me to pull the trigger! Only thing is that the market here in San Pedro, CA is pretty pricey... 300k+ homes here.

Amazing job man!

Just curious about something... How long have you been flipping homes? I feel that the market in SoCal is crazy expensive... I've been trying to get into real estate investing for a while but lagged to pull the trigger. It's impossible for a newb. 

Again, amazing job with this home!

Congrats on your first year dude! If only SoCal's market was affordable as Tennessee, I would've taken that first step into my first deal  already :/ 

Thanks to everyone for your time and advice. Ill keep them in mind and take the next step. Ill build capital and my credit. Again thank you all.

I'm interested in a duplex-quad in the Los Angeles area. I attended a FIBI event and talked to an experienced investor about my idea of starting out with a duplex where I can live in one unit and rent the others. He said its a great idea to start off like that.There is one thing stopping me though... I don't know my next step! I read the Ultimate beginner's guide and lots of blogs here in BP, but I'm still lost. I might be lying to myself. I sometimes lose hope or just say to myself "give up". I've seen a couple of properties in realtor and zillow but everytime I call an agent I feel like they don't want to work with me. Maybe because i'm 21 years old ... I don't know. I have school loans, car note, bills and rent to pay. I don't have the 3.5% down payment that the FHA requires on a 350k(+) homes here in the L.A area. It's really expensive in this area.

So my question is: #1.Should I pay off my loans first?( witch will take approx 5 years to do so) Who knows how the market is gonna be in 5 years. The time to buy is now... right?

#2.Can I get a full loan that will cover the house and the down payment?

#3. The car that I bought might be a problem. I finance it for 72 months. I'm stuck with it now. Are there anyways to return it without hurting my credit?

Any advice is appreciated! I would love to get together with someone in my area to talk and might want to mentor me. Or over the phone if possible. Thanks!

I'm interested in a duplex-quad in the Los Angeles area. I attended a FIBI event and talked to an experienced investor about my idea of starting out with a duplex where I can live in one unit and rent the others. He said its a great idea to start off like that.There is one thing stopping me though... I don't know my next step! I read the Ultimate beginner's guide and lots of blogs here in BP, but I'm still lost. I might be lying to myself. I sometimes lose hope or just say to myself "give up". I've seen a couple of properties in realtor and zillow but everytime I call an agent I feel like they don't want to work with me. Maybe because i'm 21 years old ... I don't know. I have school loans, car note, bills and rent to pay. I don't have the 3.5% down payment that the FHA requires on a 350k(+) homes here in the L.A area. It's really expensive in this area.

So my question is: #1.Should I pay off my loans first?( witch will take approx 5 years to do so) Who knows how the market is gonna be in 5 years. The time to buy is now... right?

#2.Can I get a full loan that will cover the house and the down payment?

#3. The car that I bought might be a problem. I finance it for 72 months. I'm stuck with it now. Are there anyways to return it without hurting my credit?

Any advice is appreciated! I would love to get together with someone in my area to talk and might want to mentor me. Or over the phone if possible. Thanks!

Welcome to BP! Im new in the real estate world but I have learned a lot in this web site. Just keep going and good luck

Sandy B. Thanks for the info. I just signed up with the Manhattan beach meeting. And you're right, its too expensive around here. Really tough for someone who's just starting. Do you drive daily to San Diego for your investing? Sounds like something I can do. I was thinking Palmdale or some place where it's not too expensive.