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All Forum Posts by: Miguel Garcia

Miguel Garcia has started 5 posts and replied 20 times.

Post: Should I file for bankruptcy?

Miguel GarciaPosted
  • New to Real Estate
  • Los Angeles, CA
  • Posts 20
  • Votes 3

I went through a BK (Chpt. 7) and although I wouldn't recommend that being your first option, it is an option, and if you feel like that will give you the freedom to start all over, do it.  It will humble you and teach you to be fiscally conservative.  It will teach you to save and look towards the future as opposed to just now.  The BK and insecurities has held me back from beginning my Investing career, but I believe this relief has given me strength.  Good luck!

Post: Finally

Miguel GarciaPosted
  • New to Real Estate
  • Los Angeles, CA
  • Posts 20
  • Votes 3

@Heather Jones- Thank you!

Post: What do you think?

Miguel GarciaPosted
  • New to Real Estate
  • Los Angeles, CA
  • Posts 20
  • Votes 3

@brentcoombs- thanks man, I'm glad I didn't get desperate and jump on this deal.  It just didn't sound doable from the get-go.

Post: What do you think?

Miguel GarciaPosted
  • New to Real Estate
  • Los Angeles, CA
  • Posts 20
  • Votes 3
Got a call from a man that needed to sell a duplex he purchased for $130k, comps are around $150-160k, needed about $40-50k in repairs. Both units however only had 1 bedroom each, I offered $69k using the 70% principle. They guy wanted to get all his investment back but I let him know that wouldn't be possible,. Did I mess up? By the way I'm hunting for my first deal.

Post: Finally

Miguel GarciaPosted
  • New to Real Estate
  • Los Angeles, CA
  • Posts 20
  • Votes 3
So I finally made the jump, took action and placed my bandit signs out... Fear will not hold me back any longer. ????

Post: New investor in San Antonio, TX

Miguel GarciaPosted
  • New to Real Estate
  • Los Angeles, CA
  • Posts 20
  • Votes 3

Post: Bandit signs in Los Angeles

Miguel GarciaPosted
  • New to Real Estate
  • Los Angeles, CA
  • Posts 20
  • Votes 3

@Ewa Reza 

Hi and let me know if you find something, what area in LA do you work?

Post: Newbie from Brooklyn/Cleveland/Atlanta

Miguel GarciaPosted
  • New to Real Estate
  • Los Angeles, CA
  • Posts 20
  • Votes 3

Welcome @Da-Rell Townes  I am new also but have found abundant support and advice.  God bless!

Post: Newbie from Tucson, AZ

Miguel GarciaPosted
  • New to Real Estate
  • Los Angeles, CA
  • Posts 20
  • Votes 3

Welcome @Jeff Rossman you will find tons of support and excellent material to learn.

Post: Any REI groups in Los Angeles?

Miguel GarciaPosted
  • New to Real Estate
  • Los Angeles, CA
  • Posts 20
  • Votes 3

Thank you all for the great suggestions...

@Daniel Smilansky I have been to that one and it's great but it's too far and by the time I am off work I would be stuck in traffic and never make it. Let's meet up though and network.

@Mark Mynhier Thank you for the info, out of curiosity, why did you stop attending "MasterMegaMind"?