New BP member in Santa Clarita, CA

[Jared Gonzalez]

Hello Everyone. I am 18 years old and I am a Real Estate Agent that is very interested in getting started with Real Estate investing. I have been reading books about it and listening to the BP podcasts for almost a year now. I hope to start small with a Single Family Residence and scale my business up from there. 

I am very excited to see where this takes me and I would love to hear from anyone in the Santa Clarita area that has already done what I am trying to do!

[Erik Bottema]

I second Laurie. Section 8 used to be a pain in the butt, program is better but most of the people on the program are dirty and have a host of issues. Their are several older folks on fixed incomeS with section 8 who are hard to find but gem of tenants. I’ve had several and it was worth it but none were hassle free unless they lived alone. Section 8 does pay over market typically. Keep in mind they do 1099 you at tax time. 

The Antelope valley is at the height of the market and is usually on a 15 year cycle. We are at or above the height of the mid 2000s. I personally wouldn’t buy a home there unless it was a short term flip right now since I wouldn’t want to get caught with holding for 10 years. 

I started out in AV bought a ton in 2009-2013 and since sold most and 1031 them into a nice building in OC. Much higher rents, better people and better appreciation/easier management. 

I still have one left and I still flip in AV and SCV. Currently working on one in SCV- purchase was 620k, will resell for 740-750 after a 25-30k remodel. 

I love rentals , build cashflow and wealth but the flips are better at this point for me. I like the in and out and quick capital gain.