All Forum Posts by: David Oldenburg

@Terri Pour-Rastegar  I have a great security plan that works for me on my flips in bad areas!  know I am coming in late here, but wanted to give you and others the info on what I do.  First, I have flipped homes in bad areas, with higher crime. I flipped a home last year that was in an area where there had been 6 robberies on the same street in the last few months.  There was even a flip that was broken into, and they caused lots of damage.

I have a very simple fix and it has worked 100% of the time for me. I pay someone $20 per day to stay in my home. I simply post on Facebook that I have a flip and I need someone who can be there every evening while the work is being done. I tell them it will not be glamorous, but it is a free place to stay and they get paid a little for their time as well.  I usually get 3-5 people who call me and I see who I feel will be best. 

A few months ago I did this on a flip and I was called by a former Marine who had just gotten out of the service and had a job, but could not afford his own place yet.  He was living in his car temporarily.  He was thrilled to sleep on the floor with a sleeping bag.  I provided some additonal blankets etc...  

I had another stuation with a flip, and I had a college kid stay there. He took classes during the day but stayed in my home each night.  He was in a dorm with like 4 guys, so being able to crash in a vacant house and get a few minutes of privacy was great for him.

I could go on and on with examples, but I have never (knock on my fake wood table) had a property broken into or vandalized when someone was staying there in the evening.  Even in bad areas I have had success.  Be sure to inform your insurance company that someone is staying there.  In some cases this will actually reduce the cost of your insurance. I know with the company I use, it is lower the moment someome begins to stay in the home. I pick good people who need help, but are hard-working. 

However, I do believe that bright security lights that are motion sensitive and a loud motion detector alarm inside is a great idea if the house is left vacant.  You can get good backup battery systems for these products, so even without electrical they will work and make a lot of noise and shine a lot of light.  

@Lisa Lavine  Yes, I received your colleague request and accepted :-).  

@Lisa Lavine  This event will be broadcast LIVE on Facebook.  Last month I spoke on flipping and it was watched by over 500 people LIVE while I spoke.  The guy who films it Live is Brian Barnes but you can't friend him, because he has 5,000 friends already on FB.  You can friend me and I will post a link to the video the next day.  

RosevilleMeetup.com  We have close to 900 members in our real estate investing group, many BP's members, and we are a FREE group to attend.  Don't have a ton of money to buy a home and flip it? Why not wholesale it? Wholesaling is putting a home under contract, and immediately selling it to someone else for a higher price! You can wholesale with little to no money of your own, and make $5,000 to $20,000 or more in a few days. Wanna learn more? Keep reading below... Google location of the meeting... Click Here

Join David Oldenburg and Kelly Krezek, Tuesday, February 7th at 6:30PM, for an incredible night of "Wholesaling Boot Camp".

Learn how to wholesale and get a property under contract, how to find wholesale deals and properties under market, how to negotiate wholesale deals in MLS, what contracts to use, and how to build your list of potential buyers! This is a MUST attend meeting!

Our members are making millions as a group, and with good reason... We have fun, we network, we build relationships, and we do business together... and we make a lot of money doing it!

About Our Group...

We are Fun, Free, and Fantastic! People in our group, network and do deals with each other, and make a lot of money! If you have an interest in real estate investing, flipping, wholesaling, buy & hold, building wealth, loaning you own money, partnering with others, or just want to learn from the pros, all for FREE, this group is for you! We openly welcome everyone, in a fun and motivational environment, and encourage the newbies and thr seasoned pros to attend our meetings! We average 80-120 people per meeting, and they are always FUN!

Never MIss A Meeting...

Never miss a meeting! (Get a text message alert 24 hours before this meeting... join our text message alerts by texting "addme" to 916-532-9398 and leave out the quotations!)

Need Help Finding Investments...

We also feature an "Investment Opportunity" section with Kelly Krezek, where we show wholesale properties that can be flipped for profit. One of our members just flipped a home for $70,000 profit that was pitched in a meeting a few months ago!

Introduce Yourself To The Group...

New to the group and want to meet everyone at one time? Susan Romanishin covers our "Meet People In Minutes!" section of each meeting! Give your 1-minute elevator speech and jump-start your networking and real estate business! Reach out to Susan directly if you would like to be included in a future meeting.

Do Not Miss Our Tuesday, February 7th meeting at Whitney Oaks Golf Club 2305 Clubhouse Dr. in Rocklin at 6:30PM... get there early and bring a friend.. there is a bar for drinks and ability to network early as well :-)

David Oldenburg

Kelly Krezek

Susan Romanishin

@Randy Sinda  Thanks! Founding and leading this group and seeing so many people benefit, has been a great experience for me!  Yes, there is power in numbers :-)

Almost exactly 2 years ago I launched the Roseville Real Estate Investing group.  One of the only FREE groups like it in my area.  We are now approaching 1,000 members and we have many members from BP's.  I put huge emphasis on members doing deals together and my members stay and network for hours after the meetings end.  This has led to hundreds of deals being done between our members, wholesale deals, flips, private lending etc... In 2016 our members made well over $1 Million by doing deals with each other. Deals they never would have completed if they had never joined the group and met other awesome people!

We are off to an incredible 2017 and I wanted to share a pic of our meeting just a few nights ago with 110 people! We average between 100 and 130 people at every monthly meeting.  Many of you have met me here and then met me in person when I am speaking at the meetings.  Your feedback and enthusiasm toward real estate investing is amazing! 

@Wes Blackwell @Kim Stofan Wes, thanks for the mention of me and my real estate investing group (RosevilleMeetup.com)! Yes, my point last night is that there are a ton of flip deals being done in MLS, and the numbers prove this fact. Not all of them are the home run flips that we all love, but there is a lot of money out there to be made. I also high-lighted a home in Carmichael last night that is an absolute flip opportunity, and I see this all the time. Too many investors are stuck in the past, or stuck on HGTV, where every flip yields a ton of money. I do see some bigger profit flips, like one of the members in my group last night just flipped a home quickly and made $60,000. Another member just made $70,000 on a property that was wholesaled through one of our meetings. You are right, for those who put the time and energy into it, they will make money! If anyone wants to know, we have our next meeting February 7th and the details are at the above mentioned website. That meeting will be a "Wholesaling Boot Camp" taught by me and @Kelly Krezek ....

RosevilleMeetup.com Thanks to the 130 members at our (Always FREE!) last meeting! Lot's of BP's members go to these meetings! This is our first meeting for 2017, so expect a good crowd, and our 2-year anniversary! Yes, you can flip homes, wholesale homes, build cash-flow, and build wealth with little to no money of your own, and earn a 6-figure income! Our members are making millions as a group, and with good reason... We have fun, we network, we build relationships, and we do business together... and we make a lot of money doing it! Whitney Oaks Golf Club 2305 Clubhouse Dr in Rocklin at 6:30PM ... Be there early as seats always fill up quickly and bring a friend to this FREE event!

Our first meeting in 2017 is going to focus on building your million dollar team, with no money in the bank. How to find flips in MLS, How to negotiate the seller down, and how to finance these homes with little to no money of your own. Start 2017 off right, and take your real estate investing business to the next level !! Bring a friend and, "Don't Miss This Meeting!"

About Our Group...

We are Fun, Free, and Fantastic! People in our group, network and do deals with each other, and make a lot of money! If you have an interest in real estate investing, flipping, wholesaling, buy & hold, building wealth, loaning you own money, partnering with others, or just want to learn from the pros, all for FREE, this group is for you! We openly welcome everyone, in a fun and motivational environment, and encourage the newbies and thr seasoned pros to attend our meetings! We average 80-120 people per meeting, and they are always FUN!

Never MIss A Meeting...

Never miss a meeting! (Get a text message alert 24 hours before this meeting... join our text message alerts by texting "addme" to 916-532-9398 and leave out the quotations!)

Need Help Finding Investments...

We also feature an "Investment Opportunity" section with Kelly Krezek, where we show wholesale properties that can be flipped for profit. One of our members just flipped a home for $70,000 profit that was pitched in a meeting a few months ago!

Introduce Yourself To The Group...

New to the group and want to meet everyone at one time? Susan Romanishin covers our "Meet People In Minutes!" section of each meeting! Give your 1-minute elevator speech and jump-start your networking and real estate business! Reach out to Susan directly if you would like to be included in a future meeting.

Do Not Miss Our Tuesday, January 10th meeting at Whitney Oaks Golf Club 2305 Clubhouse Dr. in Rocklin at 6:30PM... get there early and bring a friend.. there is a bar for drinks and ability to network early as well :-)

David Oldenburg

Kelly Krezek

Susan Romanishin

I forgot to ask if anyone on this thread has had any ongoing success w selling Notes they create? It was mentioned several times in this thread, but I have never been able to sell a Note I create at Par, regardless of the interest rate or LTV...buyers ALWAYS want a discount! I have found this even on bigger Note selling websites. In theory (as mentioned in this thread) it would be great to loan a flipper money at say 12% and 3 points...keep the points and sell the loan to someone else at PAR, but I have yet to meet anyone who has been able to make it happen consistently.

@Jack C.  Thank you @Account Closed for mentioning my group!  Yes, my group is at RosevilleMeetup.com and we have a free meeting each month, with the next one on Tuesday, January 10th at 6:30PM at Whitney Oaks Golf Club... 2305 Clubhouse Dr in Rocklin.

These are awesome meetings with lots of BP members.   We currently have just over 800 members in the group, and our last meeting had 130 members attend.  I will be starting a 3-month series on flipping at the January meeting.  This is an incredible place to meet other investors and learn everything you need to know for free. 

The website listed above has more details about our next meeting.  If you attend, be sure to find me and say Hi!