All Forum Posts by: Jason James

Frank, I love the strategy, very aggressive. Are you taking this approach with properties that you've only seen the exterior? Also id imagine the focus here are for BRRRR's, and Fix / Flips correct?

 This property was built in the late 70's. But neither I or the winning offer were able to tour the property due to tenants living in it.  The only pictures available were of the exterior (front yard and back yard). The 1% rule does make sense, but I'm more cautious because my intent is to house hack my next property. 

Chris, id imagine there's a ton of truth to that statement ( Bay Area Investors) because as of late many of better multifamily properties in Stockton are not making it more than a day on MLS before entering into contract. It's definitely more competitive then it has been.

I guess this makes sense in the bigger picture and this market. I thought it was weird because the property hit MLS Wednesday morning, we had offer in by noon. Then found out at 2 pm they accepted the other offer . No one had access to property as there are tenants living in it, and would require 24 hour notice before viewing. The only pictures available were of the exterior. For the property you purchased were you able to complete a walk through or at least see interior pictures ?

@David Avetisyan do you focus on areas or properties that are newer and have less risk for major expenditures?

@Don Gouge with this being the strategy you use all the time , are a high percentage of your offers being accepted? Also has there ever been a situation where this has come back and drastically hurt your expected cash flow, ROI, etc.

David that is  an amazing  story and very inspiring. This truly shows the power of  Real Estate.  

I'm in a fairly hot Multifamily market in Northern California. My agent and i just made really strong offer, over asking price with a 30 day close. We were beat out by the same offer, without a inspection contingency. I'm just curios has anyone ever made an offer like this in the past, or currently using this strategy? Id imagine this strategy will vary based on experience, REI knowledge, resources and potential ROI , but this is a high risk strategy in my opinion. I would love to get everyone's thoughts on how they used it and why.

@Natalia Avalos nothing to worry about as these are not major issues. As long as you factored maintenance into monthly expenses ( normally 5%) you’ll be okay. It’s a part of owning rentals .

@Chris HanssonThe civic area is near downtown. Depending on which side the property is located makes a big difference. The neighborhood and properties range between C- D class. The crime is higher in the area, in addition to homelessness  vs. other parts of the city .The major factor depends on your investing strategy.