All Forum Posts by: Baird King

Please join us for the 11th informal Santa Barbara real estate investor meetup. We are a group of folks from all experience levels who share an interest in real estate investing. This event gives us an opportunity to get together and share stories, experiences, leads, etc. Whether you have only just started dreaming of your first property, or just closed on your 100th, we look forward to having you join.

Please RSVP here and post a response if you plan on joining so we can keep track of numbers. Give me a call or text at 805-705-5667 if you have any questions or have trouble finding us at the event. We always set up in the outside area to the left of the taproom as you are facing the entrance.

NOTE: we have started an email list to supplement these BP event notifications. If you would like to be included on the list to receive future invitations via email, please direct message me your email address.

Hey Lyle. Sorry we'll be losing you here in SB, but sounds like you have some good opportunities out east.  While you're here, if you can join us at the monthly RE investor happy hour this eve (see details at the link below), we'd love to have you.  

https://www.biggerpockets.com/...

 You got it Patrick!  DM me your email when you have a chance and I'll get you added. 

Since no one knows what the future will hold, the best thing you can do is base your decision off the present.  For a primary residence, as long as you can afford it comfortably and are in a stable financial situation, it is almost certainly better to buy now than to wait.  This is similar for a rental property as well.  Make sure there is buffer built into the rents that it will carry itself through any down-turn without you having to sell.  In either case, you will only run in to trouble if the market crashed and you were forced to sell.  As long as you don't have to sell, the worst that will happen is that you (unjustly) kick yourself for not waiting "until the market crashed".  But imagine how much you'd be kicking yourself if you waited and the market unexpectedly continued upwards. 

@Valerie Menke @Sean Alexander @Marco Felix @Laura Kinney @Allen Maris @Jenner Wiggins @Nico Pollero @Blake H. @Ethan Shultz @Mary Jo Matsumoto @Hannah Atkinson @Jayla Siciliano @Darryl Mimick @Lucas Martinez @John Duston @Logan Liddel @Laird Riddell @Trenton Luera @Gianfranco Bonometti @Daniel Gomez @Justin Gullock @Zachary Moore @Shannel Lee @Alan DeRossett @Kevin Aranha @Spencer Cole

Please join us for the 9th informal Santa Barbara real estate investor meetup. We are a group of folks from all experience levels who share an interest in real estate investing. This event gives us an opportunity to get together and share stories, experiences, leads, etc. Whether you have only just started dreaming of your first property, or just closed on your 100th, we look forward to having you join.  

Please RSVP here and post a response if you plan on joining so we can keep track of numbers.  Give me a call or text at 585-305-7605 if you have any questions or have trouble finding us at the event.  We always set up in the outside area to the left of the taproom as you are facing the entrance.

NOTE: we are starting an email list to supplement these BP event notifications. If you would like to be included on the list to receive future invitations via email, please direct message me your email address.  

 Sounds good Lucas. You're on the list for those areas.

 Sounds great Janelle! Message me your email and I'll add you to our list for SLO.

@Akshay Wattal using a HELOC to purchase with cash is a great tool for short term financing as it gives you a huge competitive advantage. In most cases, you will want to plan on refinancing out of it aa soon as you get the property or finish any rehab (assuming you want to pull out $$). Adjustable rates are higher risk, and as others have said here, the fixed rates you listed for conventional loans are still pretty darn good in the scheme of things. And likely to keep creeping g up for the foreseeable future. Congrats on getting going!!

Hi BPers.  @Valerie Menke and I are a couple weeks into a door knocking, calling and personal letter campaign in Ventura, Santa Barbara and San Luis Obispo counties in California. We have already met with six owners potentially interested in selling us their properties, and toured and put preliminary offers in on two. Our primary goal is fix-and-flip so we are offering at 65% of ARV. So far most have been single family homes with a couple duplexes, but we will likely be reaching out to more 2-4 unit property owners in the coming weeks. Offer prices for the homes we have approached so far would range between approximately $325k - $800k, with ARVs ranging from approximately $500k to $1.3M. We will put any house we find under contract whether we can take it on or not, so we are looking to expand our investor list to wholesale the ones we can't flip. If you are an experienced cash/hard money buyer who loves the Central Coast like we do (Ventura and SB aren't SoCal, cmon), and would like to be on our distribution list, we would love to chat.