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All Forum Posts by: Jayson Cain

Jayson Cain has started 4 posts and replied 405 times.

Post: How to find real estate master minds?

Jayson CainPosted
  • Lender
  • Manhattan Beach, CA
  • Posts 423
  • Votes 267

@Joe S. I've met a lot of great people from Facebook Groups. I also host virtual and in-person meet ups in Southern California. We have a group of newbie and experienced investors that wanting to learn and also wanting to pay it forward. 

I always have a line in our posts that no sales/advertising is allowed. If a vendor tries to sell without adding any value to the group, we add them to our group. 

Post: Rental Property Prospects in Greenfield & Other Suburbs

Jayson CainPosted
  • Lender
  • Manhattan Beach, CA
  • Posts 423
  • Votes 267

@Sean Winter All I can say is that those two are solid markets, just not talked about because they're overshadowed by the Indy market. 

Post: Does this sound like a good deal(Off market triplex) ?

Jayson CainPosted
  • Lender
  • Manhattan Beach, CA
  • Posts 423
  • Votes 267

Hi @Angel Moreno Sounds like a decent deal. I'm sure there are lenders that can finance this deal. I'd be happy to answer any questions you have about financing. 

Post: Virginia Beach Fix and Flip

Jayson CainPosted
  • Lender
  • Manhattan Beach, CA
  • Posts 423
  • Votes 267

Congrats @Jacob Sloop! Transformation was amazing. 3 days 20k over asking is also impressive!
 

Post: Deanwood Fix and Flip

Jayson CainPosted
  • Lender
  • Manhattan Beach, CA
  • Posts 423
  • Votes 267

Congrats @Brian Beck! Looks like a solid deal and the house turned out great!

Post: Can I get into the STR market with $50k?

Jayson CainPosted
  • Lender
  • Manhattan Beach, CA
  • Posts 423
  • Votes 267

@Rebecca B. You definitely can! I just posted a deal on my profile of a hoarder house we bought this year for $60k, rehabbed it, and now cashflowing as STR. Feel free to reach out if I can help in any way.

Post: Large gap between competing construction bids

Jayson CainPosted
  • Lender
  • Manhattan Beach, CA
  • Posts 423
  • Votes 267

Hey @David B. ,

There's just too many ways contractors come up with bids.  The way I've removed any ambiguity is to actually write my own scope. Takes some time to write up, but saves a lot of back and forth with GCs. I present this to my top 5 contractors and I go through the scope with them as we walkthrough the property either in person or virtually. If you're a newer investor, this also shows that you're a serious client. 

Post: Purchase Turnkey Properties

Jayson CainPosted
  • Lender
  • Manhattan Beach, CA
  • Posts 423
  • Votes 267

@Marvell Dart I personally invest in the Midwest for cashflowing properties. If you're wanting to stay in Southern states, I work with investors that are buying up properties in the Carolinas, Florida, and Texas. 

Post: Best "Virtual" Mailbox for LLC?

Jayson CainPosted
  • Lender
  • Manhattan Beach, CA
  • Posts 423
  • Votes 267

I use Regus for multiple businesses. The have locations/addresses all over US

Post: Looking for data points from buy and hold investors in Indy

Jayson CainPosted
  • Lender
  • Manhattan Beach, CA
  • Posts 423
  • Votes 267

@Shankar Sridhar I bought a turnkey property in Indy this year with a partner that did not want to do any rehabs. Return for it is about 15%-18% CoC. We did about $3k amount of touch ups/updates.

Also, reach out to @Nick Giulioni. He is definitely a a great resource and also super helpful to other investors.