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All Forum Posts by: Ulysses Arreguin

Ulysses Arreguin has started 8 posts and replied 18 times.

Post: Rentals in Temecula/Murrieta area

Ulysses ArreguinPosted
  • Real Estate Agent
  • Porterville, CA
  • Posts 18
  • Votes 6

Good afternoon BP forums, Im looking for a Property to rent in Temecula/Murrieta if anyone knows of one please give me a text/email (Need 3 beds looking for under $1800) 

Thanks!

Post: Investors/Agents in the Temecula area

Ulysses ArreguinPosted
  • Real Estate Agent
  • Porterville, CA
  • Posts 18
  • Votes 6

Good morning BP forums!

I will be moving into Temecula within the next month and was wondering if anyone knew of any good REI meet ups or groups in the area. I would love to get to know some of the investors and realtors in Temecula since I am completely new to the town. Feel free to drop me a message on here anytime, thanks!

Post: Agent from California looking to network with investors

Ulysses ArreguinPosted
  • Real Estate Agent
  • Porterville, CA
  • Posts 18
  • Votes 6
Originally posted by @James Wise:

@Ulysses Arreguin

Welcome to the site.

Good luck to you & I'll see you around the forums.

 You sure will, thanks James

Post: Agent from California looking to network with investors

Ulysses ArreguinPosted
  • Real Estate Agent
  • Porterville, CA
  • Posts 18
  • Votes 6
Originally posted by @Kathy Stewart:

Welcome!

 Thank you Kathy!

Post: Agent from California looking to network with investors

Ulysses ArreguinPosted
  • Real Estate Agent
  • Porterville, CA
  • Posts 18
  • Votes 6

Hey BP community, I'm a fresh real state agent at Century 21 Jordan-link & Co and I would love to begin working & connecting with some of the investors in my area (Anywhere from Bakersfield-Fresno). I'm a devoted agent to my clients and I enjoy working diligently with them.

Fell free to drop me a message anytime on here so we can speak more in depth about your investing plans.

Post: Tips for a young agent

Ulysses ArreguinPosted
  • Real Estate Agent
  • Porterville, CA
  • Posts 18
  • Votes 6

Hey BP forums! I'm about a month away from completing real estate school and taking my state exam. I was wondering if some agents here on the forums could give me some tips on how I could start off at a young age. I just turned 18 today which means my age is no longer holding me back, but I understand there are people who would cringe of the thought of letting someone so young handle what would most likely be the biggest investment of their lives and would like to know if you had any tips on how to prepare for that. I know one of the most important things I need to do is keep a professional stature which I believe is one of my strong points (I've worked as a certified personal trainer for a year now and have never been questioned about my age) So if anyone could give me any advice at all it would be greatly appreciated! 

Post: Buying young

Ulysses ArreguinPosted
  • Real Estate Agent
  • Porterville, CA
  • Posts 18
  • Votes 6
Originally posted by @Nathan Richmond:

I just want to scold what everyone else is saying. It's awesome that you already have this mind set at such an early age. And like @Elizabeth Colegrove I'm in your backyard. I actually live and invest in Visalia/Tulare. Also, the idea of buying a duplex is a great idea. In fact, I'm pretty sure that's what my next purchase will be. Actually, I'm looking for a 4-plex. I'll be occupying one unit while renting the rest. I think this is a great scenario for you as well. Only problem is the lack of credit. As a new investor, you will learn real quickly the hoops you have to jump through and the boxes you have to check off to qualify. If you are really interested in learning, Brandon's new book on creative investing is a good one. It's only like $10 for the Kindle. Keep us updated to your progress. Would love to hear how it goes for you.

I actually just got started reading that book, and definitely Id love to hear more about how you went about buying your properties and how you would recommend to do it if you could do it at my age. 

Post: Buying young

Ulysses ArreguinPosted
  • Real Estate Agent
  • Porterville, CA
  • Posts 18
  • Votes 6
Originally posted by @Patrick Donovan:

Great to hear more young real estate investor stories ! I am 21 and closing on my first property in two weeks!

I had to have my brother consign with me to be able to get the loan and had to borrow money for the down payment. The bank sees it as a gift from my mom who took out most of my down payment on a home equity line of credit, but I will be paying her back monthly.

If I were you I would be looking for a duplex, triplex, or quad simply because the more bedrooms you have means more rent coming in which means a lower mortgage payment out of pocket.

Good luck and I would love to hear how your future turns out !

What kind of house did you purchase and how much did you take out for the down payment if you don't mind me asking ?

Post: Buying young

Ulysses ArreguinPosted
  • Real Estate Agent
  • Porterville, CA
  • Posts 18
  • Votes 6
Originally posted by @Elizabeth Colegrove:

welcome!

I live just down the road in hanford! We got started at 23! So awesome start!

The first thing you need to do is go talk to a mortgage broker or bank to see if you qualify! 

Do you know what type of house you wish to buy price wise? 

You best ability is going to be getting a personal property. You might want to see if your brother is willing to be a co signer. It sounds like you will have enough down for a 5% conventional or maybe even a FHA!

While a pricate invest is awesome, even better is when you can take advantage of the low interest rates offered by conventional banks!

 I was thinking just a regular 2 bed/1bath house since it will be my college roommate & I, but i am open to the duplex idea that Patrick was talking about considering I do know a few students that are going to be moving out as well.

Post: Buying young

Ulysses ArreguinPosted
  • Real Estate Agent
  • Porterville, CA
  • Posts 18
  • Votes 6
  1. Hello BP Forums Im a 17 year old high school student and I am planning on purchasing my first property this summer when I move out for college (Visalia area) and was hoping some of the experienced buyers on this website could steer me in the right direction on the best way to do it. I work part time right now as a personal trainer at a private gym and plan on having saved around $5,000, possibly more, by the time I move out (I will be 18 by then) Im also taking real estate classes right now and hope to have my license by mid summer. I am aware that is no where near enough money but I do have my brother who is willing to be my private lender if I need him for a down payment, and as for my monthly bills/expenses I will have a roommate who will be cutting these payments in half. I figure with that luxury this could be a win win for me.
  2. I know I am not fully prepared at this time to make that commitment (Education wise) so if anyone can send me some feedback on the steps I will need to take considering I will be only 18 with no credit, and where I might want to change things or a better way to go about this I would really appreciate it !
  1. Thank you in advance