All Forum Posts by: Stephanie Feld

Andre Herrera I am looking to get into something like this absolutely. I am a month out from taking the state exam for my license. Working with a broker as a brokers assistant and been wanting to invest for about 2 years just need a mentor!

is this going to be posted? I tried to join up the day it was happening, I would love to see this if its going to be up on Youtube or somewhere!

As I'm scrolling through the multi-family properties on realtor.com in my area, it occasionally breaks down information on the property:

• Gross Operating Income: $22800
• NOI: 19680
• Yearly Operating Income: 24000
• Other Income Description: None
• Yearly Operating Expense: $3120

• Maintenance: 50
• Assessed Imp Value: $39513
• Assessed Land Value: $10500
• 2 Bedroom Rent: $500
• Separate Meter: Electric
• Tenant Pays: Electric, Gas

How accurate is stuff like this? Does the buyer report the numbers? What are the chances these numbers are lies?

@Kevin Fox I am just getting started here In CA and in the industry, I feel like everyone says that these days but I have been trying to soak up all I can and would love to meet with some new folks and chat real estate! Keep me in the loop for sure! 

I am new to real estate investing and I was in line to buy a 240,000 one bed one bath in the heart of Pacific Beach 10 blocks from the ocean.  My parents were cosigning and basically long story short the loan fell through on their end.  The more I learn about investing the more I wonder if that was less of an investment move and more of a want to have a place to live.  I have good credit, no real job history as I was a professional snowboarder the last few years, but bartending (off the books) has allowed me to save about $21,000.  I moved to CA, and got a W2 job, but I'm already sick of trading my time for way less money than I'm used to make bartending, just so I can be seen in the eyes of uncle sam for loan purposes.  I don't know how to get myself into investing.  I want to get into buy and hold, ultimately house hacking would be ideal, but I don't see myself being able to afford Real Estate in the area I want to live.  Do I rent where I want to live and buy elsewhere? Do I look for a partner with deep pockets and do all the leg work? Do I need a mentor?  At this point Im willing to do whatever it takes that it hurts and I'm hoping someone can tell me a story, or give me some advice that might help me find my way.

Thanks,

Stephanie