All Forum Posts by: David Lamb

Hello.  We are currently in negotiations with a seller in Laguna Nigues (3100 sq. ft house).  Looking for a GC to do the work.  We know it has some mold issues due to flooding.  There is electric work necessary.  We want to reconfigure for open concept and update all flooring, fixtures and paint etc.  Bones are good and landscape is well maintained.  Taking bids if interested please let me know.  Thank you, Dave

Hello, currently in negotiations for the following property that I am exploring wholesaling.  Please let me know if you are interested.

Property: Mobile Home - 4 bedroom, 2 full bath, fireplace, central heating/air,

Location: Hemet, CA 92544

Sq. Ft: 1,584

Lot Size: 52,708 (1.21 acres)

Year Built: 1979

Estimated Value: 451,000

Offered: 330,000

 Yes, excellent point.  2008 was rough and I do not want to repeat the same mistakes of yesteryear.  I think Southern California (my area) is precisely the "most affected" area of which you speak, hence the trepidation of engaging in current flips.  If your prediction is correct, a 12 month wait may produce much fruit.  Hmmmm.  Thank you Marc for the response. 

 Indeed Dylan!!  Well put.  And on an aside, I went to Chico State and hope the town is surviving the fires.  Stay safe my new friend!

Economists:

It is said that there are 4 phases of a real estate cycle: (1) RECESSION (supply greatly exceeds demand and high vacancy rate); (2) RECOVERY (rental growth remains stagnant with little signs of new construction but the economy feels like it is headed in right direction); (3) EXPANSION (job growth is strong and increased demand for housing.  Public has confidence in economy) and (4) OVER SUPPLY (Due to expansion, supply is now starting to exceed demand.  We are at tipping point to return to recession.).

Seems to me (at least in California) like the past 10 years have been in EXPANSION but inventory remains low.  

Do you agree on where we are today and do you have any crystal ball predictions on when we will move to the next phase?

Thanks,

Dave

Thank you Lotus, that helps me out tremendously.  Thank you, thank you, thank you

Hello All-  I am weighing the pros and cons of subscribing to List Source to obtain leads.  My research suggests that List Source and PropStream are the leading sources but question their worth or preference.  Any advice on most efficient and costly ways to obtain marketing lists in S. Cal?  Thanks!

 I did and thank you Joe, appreciate it!!!!

Hello. 

I completely subscribe to the notion that one has to bring something to the table in order to expect mentorship in return.  I have something to offer.

I am looking for either an experienced mentor to work alongside with and/or a very driven rookie (like myself) to immerse ourselves in the business and just make mistakes together along the way as we build our own investment company.  I have already developed an infrastructure www.lifelinecapitalgroup.com , a full time VA, an established team, some private money lenders and I am aggressively marketing (with a very unique target market).

To the experienced mentor, I am offering two full time employees (at my cost) willing to help you build your brand, in exchange for learning from you "the business". Additionally, I am also offering you a JV on the deals I get from my marketing efforts within my company Lifeline Capital Group. That means free labor for you and your company AND future profits from the deals my company brings in. There is great opportunity for both of us to profit from this arrangement.

For the Rookie, I'd love to find someone looking to share office space with (Long Beach and Surrounding Area) to work independently but with an eye towards doing a joint venture and/or establishing a partnership.  If you have office space to rent I can rent from you or if you do not, we can shop around together. Like I said, I just want to work alongside someone who is driven to succeed, makes no excuses and will stop at nothing.  

While I support those who sell mentorship programs, that is not what I am interested in.  I'm only interested in working with someone one on one who seeks free labor from a start-up company in exchange for future opportunities.  I am also not looking to invest capital.  Nor am I interested in developing a relationship once I have a deal.  I want to work with someone succeeding who wants to work with someone driven.

I have a law degree and have been working in law for nearly 30 years.  I have several properties of my own but want to transition into RE investing full time.

Let me know if you are interested,

Dave

(Long Beach, LA and/or Orange County areas)

Hello-  I am looking to share office space with one or more real estate investors.  I am a relatively new investor and want to immerse myself with others who have the same drive and passion.  While independent, I see many opportunities that can come with working alongside others in the same industry.  I am primarily looking in Long Beach and nearby cities and would love to chat with you if you were interested.  Thanks, Dave