All Forum Posts by: Tyler Hungerford

If you don't have to come out 20% on a property, you can still find ways to cash flow or at least have most of your mortgage paid for. I've helped quite a few people in the SoCal market do that. They're coming in with FHA offers and getting stuff that almost pays for their entire payment. Might as well start getting paid to live somewhere rather than paying someone else's mortgage. Let those renters pay yours lol

Hi Lindsay, what part of CA are you in? I'm in SoCal and duplexes are a similar price to an sfr. 

Put the property into a trust, make them the trustors and you the trustee/executor of the trust. Then you shouldn't have any issues with the transfer of the property upon their death. You don't need it to be gifted to you, you can just place the property into a trust and that will work just fine for you.

Hey Lindsay. Why can't you house hack in CA? Maybe buy a duplex, rent out one unit and live in the other? 

If you can continue to invest in CA, 8 would do that. Many Californians take their money and lose it in out of state investing because they have no idea about the areas they are buying in and don't have a network set up there to help them out. Set that up and you should be okay. Just buy well and the investment should pan out. But you should know, property taxes get reassessed every single year, so that bill keeps on going up. Something to consider if you're investing long term in Texas. 

I like the OC market because it keeps on appreciating and even in a downturn, it's still going to hold its value. People just want to live near the beach. If you have the funds, buying a small multi family out there might make the most sense long term. 

Hey Elijah! Glad to hear you're moving towards purchasing a small multi family property. That's awesome. That is going to help you offset your overall costs by a ton. Consider getting a duplex or triplex with a detached garage. Then you can convert it into an Adu later down the road and make even more rental income. I've helped several clients do that and they're actually cashflowing in properties here in the IE. Would love to discuss further if you need some advice! Cheers

My friend June Daniel's is a fantastic realtor up in Big Bear. She knows the area super well. I'll send you a DM with her contact 

@Cesar Ruiz hey man, I think my comment got deleted on here. I've lived in Riverside my whole life and would be happy to provide any advice you need on the market. Let me know how I can help.

hey @Jarrid Weber, does the house have a detached garage? Or is it attached? Depending on that, you could be looking at a $45k job rather than a $100k job. You could always rent out the house and then add in an ADU at a later time. My partner has been adding ADU's to some of his properties and it is helping with cashflow, but it's not adding a ton to the value of the property. So that is something to consider as well. If your payment is only $900/month, it might make sense to rent that out and go buy something else. Just depends on if you really want to stay at this house or not. Would love to discuss more with you.

Hey Marcelo, couple of my clients have done ADUs in the Riverside area. Its a great way to bring cash flow into your portfolio. But they're not cheap, so you've gotta have money set aside for those improvements.