New multifamily (buy and hold) investor in Santa Cruz, CA

[Dustin Kroeker]

Hello all!

My name is Dustin Kroeker and I live in Santa Cruz, CA.  I grew up in the Central Valley of CA in Bakersfield.  I have also lived in Michigan (played for the Detroit Lions) and Seattle, WA (played for the Seahawks) - offensive line 2001-2005.  

I have a limited background in rei - I currently own a commercial building in Madera, CA and previously had a sfr that I rented for a few years and then sold in 08'.  My first job after football was in mortgage sales with WF.  I am currently in medical sales and would like to create some passive income for my family.

My goals in real estate are to not only create passive income, but also develop a portfolio that would allow my immediate family and myself the chance to work together and have a "family business".

Thanks so much!

Dustin

[Shane Pearlman]

@Dustin Kroeker

Welcome buddy! I have 7 doors in scotts valley and 8 up in seattle. I think santa cruz is an amazing place to invest at the right point in the cycle. Sadly, this isn't it, but if you are down to wait 3-4 years and prepare, the buying should be good in my opinion. Right now people are going bananas and we are starting to see the signs of slowdown (negative job reports, incentives at the largest complexes, increasing days on market). I wouldn't call it a down market yet, but I am betting we will soon.

I run the local, quarterly, free investor hangout and am super delinquent in setting up the next one (should be in a few weeks). If you head over to meetup.com and search santa cruz real estate meetup (you'll find two, mine if the one not by thunderbird) and join you will get an email when I set it up. Its a social meetup (no pitching, no classes), just good people, a nice brew and good stories. I'd add a link but the new moderators seem to consider it inappropriate marketing (go figure).

BTW - when you see somebody write something helpful, give it an upvote. Keeps the good ones coming back and contributing.

-S