All Forum Posts by: Derek Petersen

Hello BP,

We have a great resource in San Diego if you are a note investor or enjoy learning cash flow strategies; San Diego Note Investors (SDNI). This week we welcome Brian Davis and Belinda Savage, two experts in investing in alternative assets with retirement accounts. This month's topics:

Investing in Notes with your Retirement Account: Advanced Strategies

7:00 PM, Thursday, June 9, 2016
(Networking starts at 6 PM)
$20/person

Shadowridge Country Club

1980 Gateway Bay Drive
Vista, CA 92081

Let me know if you have any questions.

Derek

I'm currently seeking a real estate assistant in North County San Diego (specifically Carlsbad). The ideal candidate would have a bookkeeping background, a knack for organization and developing procedures, able to do it all including administrative tasks, entering owner statements from various property managers into property tracking software, calling property managers to decipher owner statements and pressure them to increase income and decrease expenses, able to understand basic construction and rehab, lease out units locally and screen tenants, and the list goes on. If you are an aspiring RE investor or know someone that would be a good fit, please contact me via email.

Great event Bill!

@William "W.J" Mencarow

Of the many real estate related events I've attended, this has been the best. I am a committed student of yours, and will attend your Papersource events every year going forward. I can't say enough good things about the information and education provided at this event.

To all you San Diego buy and holders, we have another meetup scheduled for Saturday. PM me for more information. For this meet up, you need to currently own rentals. I may open it up to others when I find a big enough room to accommodate us for free.

I'm looking forward to it. Hoping to meet all the BP folks!

Hello,

I'm hoping to find a good smaller property manager that treats my money like their money. I'm hoping to find a smaller company with employees that like what they do and keep turnover at a minimum, always seek to sign a 2 yr lease, and when units do turn they can get a basic turn for less than $1500. Oh, and picks up calls.

Thanks and please let me know who your recommend as a good fit for the above.

We have a meet up scheduled for Feb 20th. Please contact me for additional information. The only prerequisite is that you currently own rental property. 

To the folks who have gone from real estate as a lucrative hobby to opting out of your W2 and transitioning to a business-

After you have developed your business plan; the how, the why, and the what at some point you will need to sit down and develop roles and responsibilities. That's where I am; last year I brought in assistance to help with the owner statement data entry and managing getting the income/expenses into the system that we use for tracking. I'm still struggling with this in part because I don't believe I've explained the roles and responsibilities very well. I'm also struggling with defining what my spouse is responsible for. From my experience in the workplace, I believe I am missing the role definition, the responsibilities of the role, and how those responsibilities are measured. So that being said, has anyone sat down and wrote out job titles i.e. Acquisitions/Business Development, Operations Manager, Bookkeeper, with the associated responsibilities, experience necessary, and goals for the position? It would be fantastic if other buy and holders that have gone through this transition could provide some examples of what's worked for them.

Thank you!

How much should I ask for a brick fourplex earning $2000/mo, rehabbed with all new appliances, new electric, new plumbing, new roof, and unit upgrades? They are 1 BR's and the interiors have been rehabbed. Owner wants to carry 90%. Location is Dutchtown.

Derek

Hello,

I'm looking for a smaller property manager in Phoenix and wanted to get the community recommendation. Must treat owner's money like their own. That's all I ask. Oh, and good with multi family 2-4.

Thanks in advance.