All Forum Posts by: Eric Turner

@Kirsten Crotts

There is a ton of crime and homelessness. Lived here on and off my whole life. It's always been bad, it's been really bad the last few years.

I live in a nice neighborhood here and my neighbor was just shot in a drug robbery a week or two ago. Cars broken into a few times. Stolen once

I'm shocked the prices are as high as they are. It's really a dump of a town in my opinion. We are moving asap.

I saw an updated 1288 sqft rambler duplex rent for $1575.

Inventory is slim, but not absent for 2 bedrooms. I think $2k is a stretch. $1600-$1800 is probably a more reasonable expectation. Just my $.02.

@Brian Powers

There was one in Marysville a couple months ago. I missed it. I found it on meetup. Haven't seen anything since.

I am down to start a new one if we get enough interest. If you arent a member of the WArei Facebook group, you could post over there. Like 9k active local members, though most are down south.

I invest strictly in the big vanguard ETFs.

I have looked into fundrise and one other one that I can't remember right now. I didn't really see them being better than stable coins with interest rates over 8% or ETFs around 7% and REITs around 8%. I just think I like those better for hands off investments personally.

I have had a bad experience with a previous partnership in a business. It would take a heck of a person and deal for me to ever partner up again unfortunately. I just do not know anyone well enough that does this sort of thing. Maybe in a couple years after I have built some longer term relationships.

As far as guru stuff goes. I definitely am not looking for a guru, I don't think the class I was trying to take really counts. For one the cost is pretty freaking low at $2k with no further upsell. And there are a lot of people that seemingly respect this person and have taken the class. It is basically just a crash course in finding your first deal with a money back guarantee if you don't. I am probably going to take the class even if I do a deal first. Just because of the money back guarantee, I literally have nothing to lose.

Definitely have. I have had coffee with one local investor a couple days ago. And meeting with another tomorrow for coffee and I am also part of a local real estate facebook group. I am VERY wary of partnerships though. I started a business out of college with a family member and it pretty much destroyed the relationship, the business and of course my view on partnerships (he was using company funds for personal expenses and felt justified because he thought he was putting in more than me). 

But if the right situation came along with the right person I would do it. But it would probably have to be like a one in a million connection to full combine money and partner. But the things I am discussing with the local investors are situations where I put up the money for the campaign and they do the cold calling and things like that. If they don't hold up their end of the bargain, I am not out anything as I just do the calling myself. They don't get anything if we do not close deals so sort of a partnership? But if I close a deal without their help they do not get any money. The risk I guess is they do the deal behind my back.

And then also potentially partnering with local agents to send sellers that way if they decide to go the MLS route. And in turn they let me know about any off market deals they know of.

It does help. Thank you

@Matthew Crivelli interesting. Thanks for sharing. We have Valpak here too.

We actually started looking 5 years ago lol. But our preapproved amount was lower than the markets we were shopping back then so we took 2 years and saved (and hoped for a correction), then we started looking again. And then stopped looking again and rented this SFR that we are in now. The appreciation has most likely outpaced our cash savings. I am not 100% sure. But it is probably close if we bought a 300k house it is probably worth $450k now and that is about how much we have saved in the last 3 years as well including 401ks and everything.

Specifically says to do mailers if you have money to start with. I have no idea why everyone is so against them in this thread. Like it has been a tried and true method for decades and is probably the easiest and most cost effective way to find deals. $12k is only 3 months savings for us. Even if I find 0 deals, it isn't the end of the world but at $12k I am sending something like 30,000 mailers to 2000 qualified leads with 6 touches each. At a 0.1% success rate would be 2 deals and would surely recoup all my money and possibly show some profit.