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All Forum Posts by: Vianey Monica galdamez

Vianey Monica galdamez has started 6 posts and replied 20 times.

Originally posted by @David Ginn:

Now is not the time to buy and hold invest. Multifamily units come with risk, it's the height of the market, multifamily investing is an extremely hot market. So first of all to find an asset that's multifamily, is hard. And once you find an asset, it's going to be expensive, as well as you're finding that asset when it's hard and expensive. And it's in the high side of the market. All three of those equations are working against you. I remember a story that I heard when COVID hit in Houston last year, where one of the guys went to a meet up an apartment meetup and there was a landlord there that came there and told everyone that he had 16 doors, and that all the tenants had gotten together and decided not to pay rents. So if you had bought that 16 door complex, and you started to rent it and your tenants all backed up on you, you would be in a hurt position majorly. So renting properties in a high side of a market is extremely risky, based on the fall of the market and what could happen. So I would tell you to go into a flip model rather than a buy and hold model right now based on market conditions.

This is true and scary. 

Post: NEW investor in California

Vianey Monica galdamezPosted
  • Posts 20
  • Votes 5
Originally posted by @Jennifer Roberts:

HI Viany, I live here in California. The market here is insanely overinflated. I'm looking to invest out of state. If you are looking to invest locally, I would personally wait. Out of state. I would consider it, but that is a broad statement. Just my opinion but I wouldn't invest here anytime soon. 

Hello Jennifer, is sad to know that we cant invest in Los Angeles because is crazy expensive, you need more than 100k , and it will give you no cashflow. 

I am considering buying in Texas The woodlands but I would have to pay for a property management company and that would take most of the cashflow. I cant really manage it from LA, so I was trying to stay local but you are right maybe I just have to wait. 

Post: NEW investor in California

Vianey Monica galdamezPosted
  • Posts 20
  • Votes 5
Originally posted by @Jason Kudo:

@Vianey Monica galdamez, if cash flow is the most important factor for you in a single-family rental, my advice is to find a house that has the potential to build an ADU. If you're having a hard time finding a single-family that will cash flow, then consider adding bed/bath count in a separate unit that could be rented out separately so you can have two streams of income to help with cash flow.

 Thank you, thats good advised. 

Let me look into it. I have no experience with fixing a house so thats going to be interesting.

Post: NEW investor in California

Vianey Monica galdamezPosted
  • Posts 20
  • Votes 5

thank you Andreis Bergero, I will keep trying if not maybe i need to look somewhere else. 

Post: NEW investor in California

Vianey Monica galdamezPosted
  • Posts 20
  • Votes 5

Hello everyone, I started buying real state  about 5 years ago and I have never called my self an investor but thats what I want to be. We have 3 properties  that we are renting out plus our private property. Now we are thinking on buying another one but we are having a hard time finding something in La Crescenta California. Everyone is offering more than what the house is worth and if I do that I would not make any money. 

Any advised on how to get houses in that area? that actually gives me some cashflow? 

most houses in this area are 900k,  

the down payment is ridicules but we want to buy houses in areas with great schools. 

I feel stuck. 

Post: NEW investor in California

Vianey Monica galdamezPosted
  • Posts 20
  • Votes 5

thank you guys for your advised 

Post: NEW investor in California

Vianey Monica galdamezPosted
  • Posts 20
  • Votes 5

Good morning everyone, I am a new investor trying to find good deals. I was first thinking of buying out of state because is cheaper but I realized that most of the deal they where sending me are fixer uppers. I dont have a team to do that out of state. So now im back to investing in California. please guide me where can I find good deals?other than MLS.

I am looking for off market 

in the valley Tujunga/Sunland/noho/

Santa Clarita the good areas

Bakersfields

any advised would help. 

Good afternoon everyone can you guys guided me on how to get DEAL FINDERS /houses off market in Texas. 

The woodlands 

I really appreciate all of you guys advised. Thank you

good afternoon everyone, I consider  my self a new investor. My husband and I have being buying properties for a couple years but never thought that we were investors since they were our primary residence and then we rented out to our own family members. This year we decided to start buying 1 rental  property per year but we feel lost. We currently have our own home and 2 rental properties in California. Nothing big but we bought these properties with 20% down. our cashflow is 200 per house our equity on those houses are around 167k and 222k. we are planing on paying this 2 properties ASAP by doing extra payments because we are afraid of big debts.   

Even though we are afraid of big debts we want to buy another property this year and we have the down payment for that. Our problem is that we dont want to buy properties in California any more due to the small cashflow. The money we have for a down payment is   20% for a house no more than 300k. Our realtor advised us to refinance our 2 other properties so we can get enough money for a property in LA but I honestly feel like I dont want to take that money out because is my safety net. any advised on this?????? I am looking in buying property in The Woodlands in Texas. Please help.