Local Investors

[Justin Louie]

I couldn't find a specific forum for the greater peninsula area. I feel that many of the local investors are investing mostly out of state or at a distance. With only 1 or 2 so far that I've met that invest here in the peninsula locally (not necessarily San Francisco).

I was hoping to see if anyone on here is actively investing in San Mateo County. I would love to talk to and pick your brain (or at the very least, just see if anyone on BP will see this thread and actively invests in San Mateo County).

Thanks!

[Anthony Addessi]

@Justin Louie this past purchase was found on MLS, I went aggressively after it as the location was preferred as I have a building down the street. The sellers would not look at any preemptive offers, but we came in very aggressive on our terms and while we were not the highest offer were chosen based on our terms which were AS-IS with quick close. I am constantly looking at new property in the markets in which we target so I have the most up to date figures to make confident aggressive offers. I find that most people include to much contingency or fat in their numbers so they talk them self out of the deal. The key is to keep your numbers real and build in the necessary contingencies and reserves, but not extra just because you are unsure. If you are not confident in an assumption research is key. Hope this helps.