All Forum Posts by: Baird King

@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.

Hey @Alicia Marks. Really enjoying the new layout 😊. 

Refining the Event feature would be a big help in facilitating face-to-face connection! I have been organizing a Santa Barbara, CA meetup since mid-last year through BP events, but most people never see the event announcement. I end up tagging people as a form of “invitation”, but this is cumbersome and typically slips under their radar. I suggest the following:

- a way to make reoccurring events so organizers don’t have to create from scratch each time. Have one long running forum for the event so interested people can see the history.

- an invite feature. Make it so the invite list is connected to the reoccurring event so organizers don’t have to input each invite every time.

- a cancellation/important update feature so the organizer can cancel if needed. This happened to us during COVID when cases snowballed and I had no good way to reach everyone at once. I had to message them individually.

Thanks for the consideration!

Thanks @Lucas Martinez. Hey @Ciara Odhiambo. Message me your email if you’d like to be on the list. Would love to have you join! It’s a fun group of folks from all experience levels. Mostly from SB, but some come from Ventura/Oxnard and Santa Ynez. Both local and out of state investors.

Looking forward to seeing folks tonight!

 :-)

@Spencer Cole

@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 

Please RSVP here or by texting me (Baird King) at 585-305-7605 if you are going to join, and make sure to check back here for updates (you never know what COVID will throw at us these days).   I'll also post where we end up sitting on the day-of. 

This will be the 8th informal Santa Barbara real estate investor meetup.  We are a group of folks of 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.  

If you have trouble finding us when you get there, give me a ring.