All Forum Posts by: Adam Regos

@Brooke Wilson

Please see below and let me know your thoughts. Thanks!

https://www.google.com/amp/s/www.bakersfield.com/delano-record/high-speed-rail-agency-trumpets-4-000-job-milestone-during-economic-slowdown/article_f73f5252-af33-11ea-a0d4-83c3bf12b74c.amp.html

California is typically a hard place for cash flowing properties but due to the new light rail coming in that is currently being built from fresno to Bakersfield this looks like the trigger event that could help investors with the proper strategy. I was curious if any local boots on the ground are seeing an influx of construction workers coming to Bakersfield. I live in San Diego but have been reading up on the light rail and workers migration.

My idea is to buy 3 bed 2 bath with 2 car garages which there seems to be a good amount of them in Bakersfield for around 250k. Converting the garages in to two additional living spaces and market to the construction workers that are on contract in Bakersfield and have per diem.

I have seen some BP success stories that model this affordable housing model when there is a need like college campuses or construction trigger events.

Anyone interested in partnering on this idea?

Anyone in the area that can verify the influx of construction workers and affordable housing need?

Thanks!

Hi!

A lot of the podcasts and online videos are saying to wait 6-12 months to buy anything with forbearances and a potential market correction?

What is everyone’s thoughts?

@Mark Frattini yes! Do you have someone in mind?

@Casey Murray did you ever get recommended a good Cpa?

@Oscar Sandoval Thanks!

@Oscar Sandoval do you drive for dollars or is there a certain site you look for distressed houses?

@Corby Goade thank you! So if you lived in San Diego would you look in nearby states like Arizona or Vegas? Just trying to see where to start!

What does the BP world think of investing passively in a legitimate syndication like Brandon turners or one of the other established investors? Does this defeat the purpose of all the benefits of real estate IE appreciation, loan pay down, tax benefits etc? Isn’t it just like investing in the S&P 500? I am technically an accredited investor with a full time job so just curious to hear everyone’s thoughts!

@Twana Rasoul what is the minimum occupancy requirement? And if I move out with out doing a refi I would have to tap into more of my savings. Would you suggest the BRRR method for Sd or just moving out and putting down another deposit?