All Forum Posts by: Tyler Peitzmeier

@Jakhari Sandcroft

Hey Jakhari,

It’s exciting to hear that you are motivated at 18. Everyone here has great advice. Obviously be a student of real estate by reading and listening to podcasts, but dive in. I spent years thinking I needed to read more books before doing it and when I finally bought my first property, that’s when I truly learned what I needed to. You are going to make mistakes and that’s ok! Keep taking actions and you’ll learn.

Hope this helps!

Tyler

@Abraham Shamosh

Hey Abraham,

It shouldn't be a deal breaker whether there is a pool or not. However, people that want a pool will pay more obviously to get one but it should not lower the demand for your STR. If you're a newer investor, it might even be better for you to not have a pool to make sure it's easier to get your processes in place first.

Hope this helps!

Tyler

@Christian Ruiz

Hey Christian,

There are plenty of local REIA's here in Southern California like, OCREIA. You can also join the BiggerPockets Facebook group or the real estate rookie Facebook group to be part of a great community of investors looking to learn from each other. I would start there and you'll here of more as you go.

Hope this helps!

Tyler

@Fabricio Laboriel

They have some great calculators on the tools tab on the BiggerPockets website that can help. I can also provide one for you if you send me a message.

Hope this helps!

Tyler

@Levi Hannon

Hey Levi,

I am pretty skeptical about purchasing a single-family house with a tenant in there. I have had some issues in the past, but that doesn’t necessarily mean that all of them will be bad. Really review the rent roll and ensure that they’ve been paying on time, they have a security deposit, and the lease agreement is good. If any of those are off you can definitely use that as a negotiation tool to purchase the property.

Hope this helps!

Tyler

@Conor Stephenson

Hey Conor,

Brandon Turners, “Investing in Real Estate with No and Low Money Down” provides great ideas on acquiring properties in creative ways.

Depending on the type of properties you are looking to acquire you can definitely find properties you can buy for less than $100k down.

Hope this helps!

Tyler

@Brandon Diede

Good morning Brandon,

I live in Orange County and I completely agree that the barrier to entry is high here. I don't where you're at in your life but I would start looking a house hacking here is your in California by buying a property with an FHA loan and rent out the other rooms or make an ADU and rent that out.

If you are looking out of state, I invest in states like Nebraska, Missouri and Kansas. I can answer any questions you have on those markets but I would really recommend to start here where you know and grow from there.

Hope that helps!

Tyler

Hello Dan,

I think real estate is so attractive because it is so dynamic. There is so many different strategies, properties, and ways too profit that it can fit anybodies likes and interests. Also, real estate is everywhere and its physical, whereas other investments can't so much be seen or felt.

that's just a few reason why I believe it is attractive for so many people!

Tyler

It depends on what your current DTI (debt to income) ratio is, and also when you decide to buy the car. If your trying to get a loan for a home now, it could hurt as your credit score will go down with the inquiries.

Hope this helps!

Tyler

Hello Edgar,

From my understanding, mortgage loan interest is deductible. Also, there is no taxes on those cash out refinances since it is seen as you taking out a loan.

I do not have any experience with those lenders. I would look at possible lenders like American Heritage Lenders.

Hope this helps!

Tyler