All Forum Posts by: Arthur Garcia

@Jessica Connor I would love to connect, I'd love to catch up in what your seeing in your market.

@Brad B. - that's great, yes let's connect. I've wrapped up a few recent acquisitions and I'm curious to get other investor's opinion on market trends and insights.

Just curious what the BP community thinks about:

1. Will the US ever have a "wealth" tax

2. What do you think it might look like

Lots of talk these days about income inequality and wealth distribution, just curious to hear some feedback...

@Marc A. Thurston - sorry for the delay, I'm not buying buildings, just SFHs in Bakersfield.  I made this post as away to find other investors in the space and try to form a virtual network here on BP.

@Amber Smith - I'm a buy and hold investor. I like SFH. Mainly just trying to connect with other investors on here and potentially connect with them offline to get a sense of macro/micro market trends. I'm aiming to buy 1-2 properties a year.

Looking to connect with RE Agents and Investors active in the CA Central valley. I'm an active investor in Kern county. I'm looking to expand my network, and get feedback on market trends.

I look forward to connecting.

My take on the matter, if you have less than $500K in equity you're trying to protect, the additional expenses are not worth the effort. 

My feedback would be get a few rentals under your belt then make your decision, assuming we're talking about rentals, leverage, insurance and umbrella policy should check most of the boxes you're looking for.  

I'm assuming we're talking about Buy and Hold investments?  

I'll speak to my experience there is a lot of power in mastering one market. If you feel there are no good deals, maybe consider changing the criteria (form 3/2 to 2/1, adding an ADU or 1/1).

Learning a new market isn't as easy as finding a deal - you need to have a team, understand demographics and have a network in place to support your transactions (pre and post close).  That being said the market is crazy everywhere right now and will likely be the case for the next few quarters, IMO.

@sandy Welcome!  This is a great place to connect with folks and learn more about the asset class.  I like your aggressive goal of 5 years, the key is honing in on a strategy and a market then executing.  You'll learn a ton if you stay active and continue learning!

One guys experience here, so I am not going to claim to be an expert, but I have about 12 years experience.  I increase liability on the rentals and have a multi million dollar umbrella policy.  Also, I have my property manager include options for renters insurance as part of their lease agreement.  They have to acknowledge it is their responsibility to obtain that if desired.  Good luck.