All Forum Posts by: Jacob Repreza

Join us on Wednesday September 11th and learn dozens of websites and resources to use as an investor.

Websites to run comps, find out airbnb projections, search for properties, check out demographics, etc etc 

And always the best part of any meet up is networking with both seasoned vets and newbies before and afterwards. 

And last but not least it's 100% FREE. 

Special notes- 

Parking is in any uncovered spot. 

The address will lead to the leasing office and the meetup will be right across the way in the lounge room.  

Looking forward to seeing you there! 

Hello everyone! I'm an out of area investor that is looking for recommendations for general contractors in the Fairfax area. We're in southern california area but have acquired a property up there so we're looking for references to good investor friendly contractors. Even if they're close to San Francisco it's okay as long as they don't mind the drive. It will be a rather large project so recommend the best you got! Thanks guys. 

In orange county, the majority of multi-families are in the older areas like Santa Ana, Garden Grove etc. or the coastal cities like Newport and Huntington which are of course much more expensive.  Still can't promise you'll cash flow but you will at least get a good chunk of the rent paid for. What price range are you looking at and how quickly are you looking to make a move? 

How can we help you in your investing career?

Come to the next meet up to get your questions answered as well as network with local BP'rs.

This local BP real estate meet up is for people in and around Newport Beach, Huntington Beach, Laguna Beach and beyond. I want to invite you to our FREE monthly event. This is for new investors and experienced pros, for buying locally, out of state, note buyers, JV partners, syndicators and any other type of real estate related investment. Seasoned investors will be there answering questions for newbies.

***The event is FREE and there will be absolutely NO sales pitches for books, seminars or guru’s.***

WOW. Special situation here that's for sure. I would personally say, and I will probably be in the minority I feel like, but keep it. If you really got it at a price that is unheard of for laguna beach then I think breaking even on it in the meantime is worth it. Coastal properties hold their value extremely well and will only keep going up. 

Now with that being said if you were interested in cash flow you could easily take that 200-300k and invest into something with more units either here in CA still or buy something much larger in the midwest somewhere. 

But if you love that property, could live with the earthquake risk and don't mind waiting for the inevitable appreciation I say hang on to it.  

Hey man this event actually happened just a couple hours before you posted! We should be having another meetup next month so we'll keep you updated. 

How can we help you in your investing career?

Come to the next meet up to get your questions answered as well as network with local BP'rs.

This local BP real estate meet up is for people in and around Newport Beach, Huntington Beach, Seal Beach and anywhere in the OC! I want to invite you to our FREE monthly event. This is for new investors and experienced pros, for buying locally, out of state, note buyers, JV partners, syndicators and any other type of real estate related investment. Seasoned investors will be there answering questions for newbies.

***The event is FREE and there will be absolutely NO sales pitches for books, seminars or guru’s.***

Hi Wendy! No idea if you decided to sell or simply rent it out but when you made this post(5 months ago) there was absolutely a slowdown going on. The days on market and inventory on the market heading into 2019 was the highest it's been in many years. Now with interest rates at the lowest they've been in 14 months and summer coming up the market is picking up a lot. What did you guys decide to do with the condo? 

Hi Jeb! I'm an agent in Newport and I have actually spoken to our office head about having a meeting like this and they were all for it. The office isn't that far off from the 405 so I would love to partner up with you and see what we can plan. I will message you. 

Hey man welcome to bigger pockets! This is an amazing website to be on. As far as investing here goes, it can definitely be done. A lot of people are much more down on it than I am. I think if you go into the investment knowing your money isn't going to cash flow as great as other states but will more than likely appreciate pretty well (if you're holding long term) then you're fine. The first property that I'm purchasing next year is going to be a multi-family in one of those areas that you described( i currently live in chino hills) and while I house hack I know I more than likely won't cash flow but even if it just cuts my rent to $500-700 or so, in CALIFORNIA and while owning a $600k asset? I'll take that as a win. Just my two cents. 

I'll message you. have a good day!