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All Forum Posts by: Gene Hacker

Gene Hacker has started 113 posts and replied 902 times.

Post: Bakersfield Real Estate Investors Networking meetup

Gene Hacker
Pro Member
Posted
  • Flipper/Rehabber
  • Lake Isabella, CA
  • Posts 956
  • Votes 479

***VIRTUAL MEETUP THIS MONTH - THIS MONTH'S MEETING WILL BE ONLINE***

**Note the date change - future meetups will be on the 2nd Monday of each month.**

RSVP to get the link to join the meeting. The link will be sent to all members on the RSVP list.

1st hour we will focus on basic of real estate investing.

2nd hour we will turn the focus to market trends, and advanced real estate investing topics.

Feel free to attend both or choose only one

Your net worth is directly proportionate to your network!

Our group is all about networking with others. If you have an interest in real estate investing, flipping, wholesaling, buy & hold rentals, building wealth, loaning your own money, partnering with others, AirBnB, short-term rentals, or just want to learn from other locals, this group is for you!

We openly welcome everyone and encourage everyone from newbies to seasoned pros to attend our meetings!

Pass this invitation along to anyone that could benefit from networking with others about real estate investing.

Our meetings are always free. There are no speakers selling expensive training or pushing products.

Post: Rural DSCR lender - California

Gene Hacker
Pro Member
Posted
  • Flipper/Rehabber
  • Lake Isabella, CA
  • Posts 956
  • Votes 479

I am looking for a lender that works with rural properties in California.  The property I am trying to refinance is in town, and in a neighborhood and just up the road from the regional hospital but I guess the local population is low enough that it is considered rural for some lenders.  

I am hoping for recommendations of lenders that lend in rural areas like this.  

Thanks!

Post: Bakersfield Real Estate Investors Networking meetup

Gene Hacker
Pro Member
Posted
  • Flipper/Rehabber
  • Lake Isabella, CA
  • Posts 956
  • Votes 479

***VIRTUAL MEETUP THIS MONTH - THIS MONTH'S MEETING WILL BE ONLINE***

RSVP to get the link to join the meeting

1st hour we will focus on basic of real estate investing.

2nd hour we will turn the focus to market trends, and advanced real estate investing topics.

Feel free to attend both or choose only one

Your net worth is directly proportionate to your network!

Our group is all about networking with others. If you have an interest in real estate investing, flipping, wholesaling, buy & hold rentals, building wealth, loaning your own money, partnering with others, AirBnB, short-term rentals, or just want to learn from other locals, this group is for you!

We openly welcome everyone and encourage everyone from newbies to seasoned pros to attend our meetings!

Pass this invitation along to anyone that could benefit from networking with others about real estate investing.

Our meetings are always free. There are no speakers selling expensive training or pushing products.

Post: Bakersfield & Kern County real estate meetup

Gene Hacker
Pro Member
Posted
  • Flipper/Rehabber
  • Lake Isabella, CA
  • Posts 956
  • Votes 479

Your net worth is directly correlated to your network! Our group is all about networking with others. If you have an interest in real estate investing, flipping, wholesaling, buy & hold rentals, building wealth, loaning your own money, partnering with others, or just want to learn from other locals, this group is for you!
We openly welcome everyone and encourage everyone from newbies to seasoned pros to attend our meetings!
Bring a friend and pass this invitation along to anyone that could benefit from networking with others about real estate investing. Our meetings are always free. There are no speakers selling expensive training or pushing products. Please plan on ordering food and drinks from the establishment that provides us with the venue.

Post: Newbie in Bakersfield CA

Gene Hacker
Pro Member
Posted
  • Flipper/Rehabber
  • Lake Isabella, CA
  • Posts 956
  • Votes 479

Welcome.  I invest in eastern Kern County (mostly near Lake Isabella, Kernville).  We have a real estate investor's meetup group in Bakersfield each month which is a good way to network and meet other investors.  

Post: Best place to invest for a California resident?

Gene Hacker
Pro Member
Posted
  • Flipper/Rehabber
  • Lake Isabella, CA
  • Posts 956
  • Votes 479
Quote from @James Khail:
Quote from @Gene Hacker:

I share your concerns about investing in California because of their policies that benefit deadbeat tenants.  I have minimized that risk by being very strict in my underwriting.  Waiting for a solid applicant with decent credit and rental history has helped me find good tenants that do the right thing.  

Short term or midterm rentals (under 30 days) can also limit your exposure to the negatives of California's tenant laws. 


 Thanks Gene.

Can you share more about how you vet tenants for long-term rentals in California?

I know you mentioned credit + rental history but can you share exactly all the steps you go through and which tools you use?

Thank you 


 I personally refer to this article:

https://www.biggerpockets.com/blog/how-to-screen-tenants

Post: Best place to invest for a California resident?

Gene Hacker
Pro Member
Posted
  • Flipper/Rehabber
  • Lake Isabella, CA
  • Posts 956
  • Votes 479

I share your concerns about investing in California because of their policies that benefit deadbeat tenants.  I have minimized that risk by being very strict in my underwriting.  Waiting for a solid applicant with decent credit and rental history has helped me find good tenants that do the right thing.  

Short term or midterm rentals (under 30 days) can also limit your exposure to the negatives of California's tenant laws. 

Post: Bakersfield Real Estate Investors Networking meetup

Gene Hacker
Pro Member
Posted
  • Flipper/Rehabber
  • Lake Isabella, CA
  • Posts 956
  • Votes 479

Tonight is the meetup in Bakersfield.  If you are Kern county investor, come network with us tonight!

Post: Bakersfield Real Estate Investors Networking meetup

Gene Hacker
Pro Member
Posted
  • Flipper/Rehabber
  • Lake Isabella, CA
  • Posts 956
  • Votes 479

Your net worth is directly proportionate to your network!

Our group is all about networking with others. If you have an interest in real estate investing, flipping, wholesaling, buy & hold rentals, building wealth, loaning your own money, partnering with others, AirBnB, short-term rentals, or just want to learn from other locals, this group is for you!

Rusty's Pizza (Laurelglen location - corner of Ming and Ashe)

6675 Ming Ave, Bakersfield, CA 93309

The meeting room is a separate entrance to the left of the main entrance.

We openly welcome everyone and encourage everyone from newbies to seasoned pros to attend our meetings!

Bring a friend and pass this invitation along to anyone that could benefit from networking with others about real estate investing.

Our meetings are always free. There are no speakers selling expensive training or pushing products.

Post: Facebook issue -- Using a Virtual Assistant to list vacancies

Gene Hacker
Pro Member
Posted
  • Flipper/Rehabber
  • Lake Isabella, CA
  • Posts 956
  • Votes 479
Quote from @Matt Wahl:

I'm curious what the solution is? I hate using facebook, but I'm getting some of my tenants there. How can a VA be used to manage the advertisement and rental inquiries. No need to waste my time constantly replying to, "Is this still available?" as well as interacting until the appointment is scheduled and confirmed.


 Hi Matt, I never figured out a great solution.  I post using my personal account.  In the body of the ad I give the link to my property management software where they can apply.  

But most people don't follow those instructions and they send me the  "is this still available" message.  I reply and paste a prewritten reply with our credit and income requirements and state that they need to use the link to start the appication process.  

From there my VA follows up.

It is still a hassel but I basically don't reply to specific questions, I push them to the VA.