All Forum Posts by: Jeet Sangha

There are a few noteworthy points to mention about Hollister. Firstly, the city is growing quickly, with a 24% increase in population since the 2010 census. To accommodate this growth, a second high school is in the planning stages, as the current high school has exceeded its capacity. Additionally, there is a backlog of 4000 approved homes waiting to be built in the area, and new businesses are also opening up. The only potential downside to living in Hollister is the traffic, since many residents commute outside of the city. However, there are plans in place by Caltrans to expand highways 25 and 156, which are the main arteries connecting Hollister to 101.

Hello Siddharth, it might be worthwhile to consider a condo with a low HOA fee to avoid having your cash flow consumed by HOA dues. Have you explored the areas south of San Jose, such as Morgan Hill, Gilroy, and Hollister? These locations are experiencing appreciating property values and high rental demand. Personally, I recommend Hollister due to its relatively low entry point, with new constructions starting at $700k and existing homes starting at low $600k. Average rent for a 3 bed house is $3000-$3400.

Gilroy-Hollister REI meetup is geared towards bringing out of the area investors and local investors together. Moreover, It is a great place to meet your local real estate professionals and tradesmen.
This group is all about networking, doing deals, making money, and of course, having fun!

If you are interested in flipping, wholesaling, buy and hold, lending your own money, or if you are starting out and want to learn the business from other investors, this is the group for you.

We welcome and encourage everyone to come join us, whether you are a newbie or have been in the business for a while. We can all learn from each other.

Greenhouse Coworking
7500 Monterey Hwy
Gilroy, CA 95020

Bring a friend and share this invitation with anyone interested in networking with other real estate investors.

RSVP at https://www.meetup.com/gilroy-...

Let's chat! I'm hosting a low-key event to get to know you all a little better.

During our Meet and Greet, we'll discuss things like your real estate plans/goals for this year and how to help you achieve them, whether by pairing with accountability partners, providing resources, or partnering with other investors. Whatever it may be, this group is all about helping each other succeed in 2023 and building long-term relationships along the way!

So come join us at our next meetup and let's begin this year on a high note!

Make another post to ask the bp community. You may find someone on here who knows more about this.

I wonder if there is a lender that can use the equity in your home as collateral to purchase a new property as opposed to refinancing or selling. If I were you, I would do more research to see if it is possible so you won't have to touch your current mortgage.

Hello Adam, is JADU allowed on rental properties or only on owner occupied homes?

Hello Megan, Welcome! 

I started my journey in real estate by listening to podcasts, reading books, and doing the work along the way. Real estate is a people business, so make as many new friends as possible. You basically have to let the world know you are in real estate. If you ever need any help we are all here to support you. Since we are in the same area, feel free to reach out anytime.

 Do you know if Zions bank would do a HECL on a property in California?

In their minds, you can be buying it as an investment with a primary loan. If you are moving because the family is growing and you need more space, a better school district or a work-related move then that's a compelling argument. If both houses are very similar in size and amenities then they will for sure question it.