All Forum Posts by: Jason Moran

What am I missing here?!!??! Where is everyone finding the cash for these 25% down payments on investment property? I live in Modesto, California and you can't find a run down shack for less then $180K. My wife is a mortgage lender, and we have connections with both private and hard money lenders, but I just can't get my head around where newbies are getting the cash together for these down payments. Now I do admit there are a couple routes I am aware of, but not willing to take. HELOCs, cash out refi, credit cards, or borrowing from family. Anyone out there know of a creative finance secret to help me out? I do have 3 properties on my radar that could flip for profit but would never rent with positive cash flow.

Just spent 2 hours in Sacramento with the NorCal REIA listening to a seminar on real estate appraisals. Great content and looked to be a solid networking source. I'm looking for something similar a little closer to home here in Modesto though. I've seen a few groups on Meetup.com and even went to one but didn't have anything close to what NorCal had. Any suggestions on local groups? How about any upcoming valuable seminars?

Have you considered investing in the Central Valley? Lower prices and not too far away. Rentals may not cash flow, but there's still opportunities to flip

Robert Campbell wrote a book called "Timing the Real Estate Market" back in 2002 that gives 5 distinct Vital Signs to use for assessing your local market. If I had followed this system I would have been out of the market in late 2005 rather than the losses I had in 2007. I agree that there is a recession coming and at least one Vital Sign has surfaced in my market. As much as I want to be out buying property, I live in California (a highly fluctuating market) so right now I'm storing up as much cash as possible. If you have the support systems that allow you to buy in a low fluctuating market then invest there as long as it cash flows.

Did you ever run into issues with builders not wanting to sell? My concern is that the property owner chooses to buy and hold past the agreed upon sale/refinance date and my funds are held in limbo for X years

I have a new investor concept that I'd like some input on. I'm currently working as an Emergency Room Nurse in Central California (3 12hr shifts per week) leaving me plenty of time for investment. Prior to this I was a General Contractor for 12 years and ran crews all up and down the valley both for home owners and investors. I still maintain my license and my Wife is both a Real Estate Agent and a Mortgage Lender (2 separate offices). Here's the concept: Would you as an investor be interested in financing the purchase of a BRRR, and partnering with a contractor to handle repairs, maintenance, and property management on a mutually agreed upon and contracted basis, in exchange for equity at a pre-determined sales date or market indicator? Essentially, you buy it, I fix and manage it, and then we sell or refinance it and pay out my equity position?

I had looked into Merced and wrote it off since my rental focus is with multi-family and as you've all pointed out, they seem to be in undesirable areas. I could look at the SFH rentals, but I'm still concerned there's a correction on the horizon. If anything, I'm thinking it would be best to flip or maybe a slow flip with a 1 year lease prior to sell off.

I've been collecting a lot of data, researching past tends, and studying some market "guru's" who claim to have all the answers. The numbers don't look good, the trends scare the hell out of me, and I don't want to trust these "guru's" but they make a lot of sense. So here's my question: IF you believe there is about to be a market correction, do you sell the primary house, rent for a year or so, and stack up cash for the correction? Or IF you believe there is about to be a market correction, do you keep the primary, HELOC, and stack the cash?

Hello, I'm new to the forum as well and just down 99 from you in Modesto, CA. I'm a previous General Contractor turned Emergency Room RN, and my wife is both a Realtor and Mortgage Lender. We've flipped homes in the past, and built on Spec. Best of luck too you.

Hello Jeremy, I'm new to the forum as well and just down 99 from you in Modesto, CA. I'm a previous General Contractor turned Emergency Room RN, and my wife is both a Realtor and Mortgage Lender. We've flipped homes in the past, and built on Spec. Best of luck too you.