All Forum Posts by: Adam Newcomb

@Kenneth Donaghy,

@Mike Hottinga answered many of my questions in his post from 12 days ago.  Beyond that I’m still researching.

If the idea of the “office” changes and work from home is the new normal.  What affect will that have in housing and markets?  Are the places people have for rentals tied to a job market that no longer requires them to live there?  What areas would people choose to live if they could choose freely.  That concept could redefine markets supply and demand...both good and bad.

@Mike Hottinga thanks.  This is really great.  Let me go through it.  What happened in 2012?  Fall out from 2008?

@Mike Hottinga appreciate the offer.  If easier feel free to message me and we can speak live.  you asked for it :)

1. what effect will covid have on general area and real estate?
2. what drives pricing/how does the overall market work?
   1. Snow Birds
   2. Retirees
   3. few locals
   4. tourists
3. Is the run up on pricing sustainable?
4. Was there a real estate price correction in 2012?
5. Are city laws changing around short term rentals?
6. Are there concerns for the water rights, i.e. is it possible the lake drains or becomes so low lake recreation isn't possible?
7. what happens when the havasau riveria finishes, does it change the real estate market?
8. Is there any available land? that has water/electricity/sewer?
9. how does zoning generally work, if land is available could i put multiple dwellings, e.g. one long term rental, one second home, etc
10. is there specific zoning to allow manufactured homes, mobile homes, etc vs fixed dwellings
11. My dream would be
    1. leave san diego on friday after work
    2. show up late to havasau (no house in close proximity), property not vandalized, nothing stolen, no evidence of squatters, nobody there
    3. start a fire
    4. wake up in the am, have a decent view of hills, mountains, (something other than flat)
    5. ride a 4-wheeler from my backyard into the surrounding areas
    6. after lunch, trailer boat to lake within 20 minutes, enjoy the day
    7. pickup food on way back to home
    8. lather rinse repeat
12. Does that exist?  Any areas that come to mind that could?
13. what am i not asking i should consider?
    

appreciate it.

Hi all.  I'm interested in a second home (and possible long term rental) opportunity in lake havasu and surrounding areas.  I live in San Diego.  Family wants a getaway to enjoy the lake in the summer, off roading and hiking in the winter.  I don't necessarily need to be where all the action is and would actually prefer somewhere more secluded to enjoy bonfires and generally feel disconnected from the usual business.

Anyone willing to talk to me about the various areas, any places that fit the bill, utilities, safety etc?

Hello, I've been lurking in the forums for close to 6 months and thought it was time to properly introduce myself. My name is Adam Newcomb. I live in San Diego but grew up in the 'burbs of Cincinnati (Batavia and West Chester). I've learned quite a bit over the past few months from all the insightful posts and content available on BiggerPockets (podcasts and books) and really recognize what a wonderful resource this platform is. I'm hoping to leverage this resource further by connecting with others to find my next deal. I currently own two properties (primary residence and sfh rental) in San Diego and feel fairly exposed to an appreciation market. My goal is to diversify my real estate position by acquiring at least two cash flow generating doors (buy and hold) in the next six months. I'm looking for a cocroi of > ~10% and likely deals which include forced appreciation through light rehab. I'm drawn to the greater Cincinnati area because of the job growth and corporate base, familiarity, and my network of "boots on ground". I'd love to connect with others so please feel free to reach out. A hit list of topics I'm interested in: -are there good local lenders? I have good credit and a good full time job and would like to use leverage as much as I can -are there success or horror stories about areas I should consider heavily or avoid? I've seen pleasant ridge brought up a bunch? Any insights? -are there good investor friendly real estate agents I should speak with? What is a good strategy for balancing a realtor and wholesalers? -anybody having luck with hudhomestore, homeopath, or homesteps? Is this a good way to find deals above beyond mls -are there any reia's that use technology or phone conferences so I could join remotely? This has been a big downside being so far away. I miss out on lots of networking. -are there food multi family opportunities in the area? As a father of two I understand the sfh most but am very open to mfh opportunities I'm looking forward to connecting and hoping we can do good things together.

Makes sense. I just wanted a frame of reference. Thank you.

For info, is west Chester and mason considered "A"?

If you pass in either deal I'd appreciate it if you passed it on for me to evaluate