Real Estate Agent · West Hollywood, CA · Member since 2018 · 51 posts · 17 votes
I would love to connect with wholesalers, investors, or developers here in the San Francisco Bay Area? If you’re in Los Angeles I would love to hear from you as well!
I am an investor in the South Bay. We buy from Gilroy to SF to Sacramento. About 95% of our purchases are on the peninsula. Shoot me a message, would love to chat about how we can work together.
Hello guys, I would like to learn from other investors in CA too. I am from Sacramento looking to find advice from other investors about financing with loans as I do not have cash to offer at the moment.
I am an investor in the South Bay. We buy from Gilroy to SF to Sacramento. About 95% of our purchases are on the peninsula. Shoot me a message, would love to chat about how we can work together.
Ty Bobby! Sent you a follow request with a message.
Realtor · Napa, CA · Member since 2018 · 112 posts · 77 votes
5y
@Dana A., I am just starting out watching the Sac market. I own my primary residence that I am house hacking and run my parents duplex rental here in Napa. I am also looking out of state. Would love to get on this list and connect with everyone!
Real Estate Agent · West Hollywood, CA · Member since 2018 · 51 posts · 17 votes
5y
Hi Ronnie, the intent of my post was just to meet and network with investors, developers and wholesalers. There was no intent for a list or zoom meetings (as another person here said)... With that said, I understand your reason(s) for wanting to go out of state as a lot of people are doing, but keep in mind that there is a lot of money to be made here and you’re already living here. Unless there is another place you’d like to retire, why not build your portfolio here?
Realtor · Napa, CA · Member since 2018 · 112 posts · 77 votes
5y
@Dana Adams it all comes down to capital and starting financing. Here in the Bay Area, the price to get in is substantial. I know the profit margin is better but trying to get anything without $50k+ to start in reserves is hard and so the OOS markets allow for someone that has only $20k to get in and do well, so it seems. I know there are options such as partners and such, which I am looking into but even having a market only an hour away can be hard to work when you have a W2 job. But I’m definitely up for networking and learning from everyone!
Rental Property Investor · Concord, CA · Member since 2016 · 499 posts · 219 votes
5y
@Dana A. I am an investor and mostly work on properties in the East Bay though I have been looking for something in the Peninsula. Since this is not my full time job, I am selective in the kind of projects I take and usually do 2-3 flips a year. Currently my focus is flips to generate capital but may end up converting my current project as a rental.
I do some out of state as well (both buy and hold and flips) but its minimal at this point and have sold almost half of my out of state portfolio.
I see you are an agent and guess you may get some fixers once in a while. Add me to your investor list for fixers.
@Ronnie Galindo Once you are over the sticker shock, I would suggest to partner up with someone and do local investing unless you get to a point where you want to buy a 20-50 unit apartment building out of state. The 1-4 units out of state is a slow and painful unless you have good contacts in your target location.