New investor from San Diego CA

[Sean Yang]

Hi, I've always been fascinated by the real estate business and I am glad I found this site. I've attended several guru seminars in town but I think all those talks are worth nothing unless I put my foot in. I bought my first rental property on the east coast last year and I will continue to look for rental properties both locally and across the nation. Please feel free to reach out to me if any of you share the same interests. Best luck to all!

[Dan H.]

Originally posted by @Gabrion Kisler:

@Sean Yang, and Cecil Mason, and James Wachob,

Gentlemen, 

...

Sean, where do you find your guru seminars in San Diego?  I have been wanting to start attending some of these but I don't really know where to start looking, and more importantly how to determine if it's legitimate or a sales pitch.  Maybe that is the gamble.  

...

I am not a big fan of most of those guru seminars.  They do a decent job motivating which helps them sell subsequent seminars.  I think the information that the provide is easily available on the internet.  You could probably ask any question on this site and get someone that knows what they are talking about to answer (but you may have to filter out those that do not know what they are talking about).

There is a monthly Meet up at a current REI project put on by some San Diego BP members (@Justin R., @Parker Cox, @Kevin Fox, @Tim G.).  This is not a seminar but more an open house with a exchange of information.  Especially if you stay to the end of the meet up there is a lot of chance to talk with the investor and get your questions answered with a smaller group than are present earlier in the Meet up when there may be 30 or 40 people there.

The Meetups have ranged from flips of SFH, to flip of a SFR that will be sold as a SFR but the buyer will be renting it as a duplex (included tricks of the trade to work around the SFR zoning), to a quad that is a buy n hold where each unit can use some rehab, to a purchase of empty lot and building 3 new SFRs. In summary they have ranged a lot of the REI scenarios and I learned something at almost all of them even the building of 3 new units which is above my comfort zone (I learned it is ~$100K to break dirt on a new SFR which places a bottom value on any SFR).

There has been no selling. I have found them to be motivating, a chance to network, and learn something.

I recommend you come to at least one. It will be worth the time just for the chance to network with other San Diego RE investors.

I have not seen the posting for the next one yet. I have one of my search words be "San Diego". It usually (but not always) catches the BP Meet up open house post.

Good luck