All Forum Posts by: Stephen Bagnani

Okay I am doing research on getting my first deal. I want to set up auto notifications with some real estate agents. Tell me if this is wrong.

Hello Realtor X, Please notify me of all XX-plexes that come into the market that I can buy with an FHA Loan 3.5% down, live in one unit, rent out the others and make at least $XXX of cashflow.

I would like to utilize an agent for now, since I do not have my own actual license.

In broad terms, say we found a good deal on like a 4-plex. What would should I be looking for in income? Is it realistic to say 1000 dollars a month cash flow if all units are rented? Or would I be lucky to break even?

I want to at  least get some leads coming in while I am furthering my education now, on the chance that I could get that deal sooner rather than later. I just need a bit more of a frame of reference for this market.

Let me know if I need to elaborate on anything.

Thanks so much, Steve.

Many people are recommending, as a newbie to get my Real Estate License. However, when I am looking on BP and google for schools, I am seeing different types of licenses. What is the type of license that is being recommended to me? Sales, Broker? Etc?

I work until 5pm every weekday, and I am unfortunately going to miss the webinar. I really want to see it, because I am leaning toward a buy an hold type of investing with rental properties. 

Is it going to be recorded? If so, where can I view it afterwards? 

 Thanks, man. Let me know how it goes.

I may have been reading out of date info on Utah, sorry about that. 

How is the market in your Area, Kammon? My Sister lives up there, and the market here in So. Cal is pretty bad.

I am in the education phase of my Real Estate life, and the more I learn the more I can see that living in So. California is going to be a slog. I am serious about becoming an REI, and that means I am willing to pull up roots and move to where the best market is for the long-term to start investing in Real Estate.

Of course I love living in S. Cal, but I can always move back after becoming financially independent. The season of my life right now is to begin the journey toward that, and I am willing to sacrifice a little comfort to do that. (I'm willing to sacrifice a lot of comfort and some tbh ;))

I do have family in Utah County.

So, to those young and old, if you were in my shoes, where would you go to start your real estate life?

[Disclaimer:] I have moved all my life, and I don't necessarily have a home-team advantage here. So don't worry about me leaving behind familiarity of a market or anything.

I thought Utah was having trouble, because there's no deals? Am I understanding the posts right?

Thanks guys for your encouragement. 

Small Update:

An Inkling that I have been getting from looking at the sales in the area, is that So. Cal. Is going to be a BEAR to live and invest in. This is being confirmed by some replies to my posts. :/ I might have to save So. Cal as a place to live after I've already built some wealth and independence. (My goals are actually to create enough passive income where I can be essentially a nomad for much of the year. If anyone has advice about this please let me know)

I am seriously thinking of shifting to Utah, where my sister lives, to focus on markets there. If my little sister could buy a house.... I think I'll have a lot more luck in that market. Utah is a booming growth area as well, very family-oriented. Does anyone have experience in the Utah markets?

That way I can focus on raising capital in my current job, and then be able to take trips to Utah, and eventually transition over there. Perhaps a house-hacking set-up like I mentioned. I definitely think I would be able to get more Plex for my FHA money over there.

[UPDATE UPDATE]

I am reading up on Utah, and it's looking pretty Grim as well. So this creates a unique situation for me. I ask you this:

If you in my shoes and you could move to ANY MARKET in the country. Where would you move? Thinking about longevity as well.