Welcome Gabriel!

Wow Gabriel, incredible story and great work.

@Gabriel Ehrlich - We have gone to a few locally and in general have found that they tend to get a higher price than we'd offer for an investment. 

If you're still looking for a meetup group close by check NuVision in San Gabriel.

@Israel Gabriel Martinez Congrats and good luck in your future real estate business first off!

You might even be able to find a condo in the San Gabriel valley in places like Alhambra or Rosemead, but be prepared for repairs if you find something

., and have been looking for a place since we had to close our L.A. based B&B this past March when the property was sold from beneath us as the property owner was going through a nasty divorce...We have found a property in Wrightwood, CA, which is a resort town in Southern California (home to Mountain High Ski Resort and one of the gateways to the Angeles National Forest / San Gabriel National Monument).  

Majority of it’s saved.Living with parents in SoCalGoal Move out of parents’ houseBuy a property close to work (30min in traffic to Downtown LA) Target area: Pasadena, San Gabriel Valley (A neighborhood for safety reasons)Price range $300K~ $400K for 2bd condoAction Budget expenses to save more money for 20% down paymentCreated a spreadsheet and figured I could save $1000 per paycheck, $2000 per monthCreated a spreadsheet to project my savingsTimeSpring 2010SituationOwn more than $80K in the savingsGoalPurchase target condo in Pasadena (short sale, some repairs needed)Action Made spreadsheet to find out if I can afford the condo and the repairs neededProceeded to offer and eventually got the condo with 20% downReceived 1st time home buyer credit, $8000 from fed, $1000/3 years from state House Down payment $71,800 House Price $359,000 Loan $287,200 % Down Payment 20.0 Loan Term (Year) 30 Loan Interest Rate 5.25 Monthly Payment $1,586 TimeMay 2010 – Jan 2014Situation The majority of my paycheck is tied up in the houseFrequent plumbing problems including leaky toilet from upstairs unitHOA reserve is underfundedCondo hacked by renting out spare bedroom at $900/moGoalUpgrade to a more effective investment propertyAction Fixed up condo with credits receivedPut in new flooringSold condo at $428K, cashed out with a total of $200KPurchased SFR in the suburbs (Pomona) and leased it out for $500/mo Free Cash FlowLeft with $80K in the savings and growing at $3400/mon.Now looking for another investment propertyLessons Learned My parent's education fund for me gave me a kick start.

Welcome to BP Gabriel and feel free to ask your questions here in the forums. 

Hi Gabriel, Thanks for serving!!!