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All Forum Posts by: Aaron Dixon

Aaron Dixon has started 10 posts and replied 18 times.

Post: South Bay MTR Arbitrage

Aaron DixonPosted
  • New to Real Estate
  • Bay Area, CA
  • Posts 18
  • Votes 10
Quote from @Arlen Chou:

@Aaron Dixon welcome to BP. There is a meetup hosted by @J. Martin on Oct 2 in Los Altos. I don't think it is posted here, but look him up on Facebook under J Thomas Martin. I believe the topic is Airbnb, so maybe there will be some MTR info for you. Good luck

Thanks @Arlen Chou. I really appreciate that. I’ll be sure to look into it.  

Post: South Bay MTR Arbitrage

Aaron DixonPosted
  • New to Real Estate
  • Bay Area, CA
  • Posts 18
  • Votes 10

Hello all,

My fiance and I recently moved to the Bay Area and are currently under contract for our first primary home together.

My real estate experience is relatively low with a single LTR under my belt and looking for ways to grow. According to Furnished Finder, there's a shortage of MTRS available within the South Bay and a strong demand to match. 

While I don't have Bay Area capital to purchase my properties, the idea of MTR Arbitrage seems fitting. That said, I'm unfamiliar with the market and would love to meet with other investors who are finding some success (and mishaps) to help refine my game plan.


If there are any REI meets ups please let me know!

Thanks in Advance!

Post: Home Inspector Recommendations

Aaron DixonPosted
  • New to Real Estate
  • Bay Area, CA
  • Posts 18
  • Votes 10

Hello all,

I'm looking for property inspector referrals for a primary home around San Jose. Ideally, we'll need this done between tomorrow and next Tuesday.

Thanks in advance!

Post: Looking for lenders/brokers in South Bay

Aaron DixonPosted
  • New to Real Estate
  • Bay Area, CA
  • Posts 18
  • Votes 10

Hi @Erik Estrada Looking for a conventional loan for a primary residence. 

Preferred to work with some local to the area that a major bank. 

Post: Looking for lenders/brokers in South Bay

Aaron DixonPosted
  • New to Real Estate
  • Bay Area, CA
  • Posts 18
  • Votes 10

Hi all,

I am looking for some referrals for mortgage lenders and brokers in the South Bay Area. Unfortunately, I haven't heard back from those provided on BP's Lender Finder.

Bonus points for those who have worked with travel nurses and medical staff in the South Bay Area.

Post: New to the South Bay and looking to Network and learn

Aaron DixonPosted
  • New to Real Estate
  • Bay Area, CA
  • Posts 18
  • Votes 10

Hello, my fiance and I are moving to the South Bay as she recently was hired to work at Standford Hospital.

I bought my first property in May 2022 in Tampa, Florida, and it's currently used as an LTR. Ideally, I'd like to continue investing in that market and have a mix of LTR and MTR. That said, I believe it'd be best to find a property within South Bay that will also feed our goals.

We're aware that South Bay is notably pricier than most of the country. In a perfect world, a small multi-family or home with a walk-out basement to house hack sounds ideal. That said, we're not overly familiar with this market, where to look, or what sort of funds would be required to allow a rental to work.

Again, some sort of house hack and MTR strategy would be great but open to suggestions. We're aiming to live in a property between San Mateo and San Jose that could use some TLC and fixing it up with some sweat equity.

We'll be living within the area for the foreseeable future and I'd love to begin networking with other investors!

Thanks!

Post: RVA Utilities for MTRs

Aaron DixonPosted
  • New to Real Estate
  • Bay Area, CA
  • Posts 18
  • Votes 10

Happy Friday All,

I’m attempting to run a few analysis on small multi families and could use some help gauging average monthly utilities costs in RVA.

Each unit would be set up as an MTR so I’m assuming typical utilities, Internet, and lawn care. 

Unsure if garbage and recycling is including in tax payments or set up separately.

Appreciate any insight given!

Post: Looking for property #2 in Tampa

Aaron DixonPosted
  • New to Real Estate
  • Bay Area, CA
  • Posts 18
  • Votes 10

Thank you both. 
Ideally a small multi family but I realize those aren’t too abundant. 
That said, homes with 2-3beds/2bth would be great. Especially if they could use a bit of TLC and bring some sweat equity. 
Bonus points if the property is within reasonable driving distance to Tampa General or John’s Hopkins to be used as an MTR. 

Post: Looking for property #2 in Tampa

Aaron DixonPosted
  • New to Real Estate
  • Bay Area, CA
  • Posts 18
  • Votes 10

Hey all,

My 1st LTR property was purchased just over a year ago in Riverview and finally ready for number two. 

I’d love to hear what areas and strategies within Tampa metro y’all are finding success in. Feel free to include any of the ugly such as insurance rates, flood zones, etc. 

Appreciate any thoughts shared!

Quote from @Corey Shimmel:

Hello everyone, we have been experiencing some difficulties with multifamily seller finance deals. Our approach involves using traditional lending for a large portion of the down payment and incorporating a seller carryback. we are very clear in our LOI, informing the LA, and when we present our POF. However, we have encountered issues with sellers backing out at the last minute due to concerns about being in second position. Can anyone offer any advice on how to address this concern ways around them being in second position or strategies you're using?

Hey @Corey Shimmel, Mind me asking how you've been fortunate enough to find these sellers (initially) open to creative financing?