All Forum Posts by: Jenna Stark

@Cesar Perini thanks for sharing! This is awesome, I'm in Huntington Beach ca and considered a similar strategy one day. I think this post was less about details and more about the proof of concept! Did you have a hard time getting an appraiser to value the ADU? That's something I've been hesitant on! Thanks so much.

@Hud Floyd good afternoon!

Firefighter for Orange County Fire authority, currently stationed in Buena Park station 61. I am also new to real estate investing I have one single family home other than my primary residence. I have a long way to go until I am anywhere close to your level of success. I appreciate you reaching out, I would love to hear more about your journey of how you got to where you are today!

Respectfully,

Firefighter stark

Awesome! Sounds like you negotiated an awesome deal! Keep us posted on how the deal goes! Whats the projected rent and ARV?

I am sure there are plenty of people who will jump in and add some value for you.  The best thing i did to get over this stress of investing out of state was read long distance real estate investing by David Greene.  It does a great job of explaining the difficulties but also the benefits.  Having a strong team in the market you are investing is important to your success. It definitely takes a little longer to try and get comfortable with the feel of a market in my experience than simply knowing your city you live in.  Once i finally zoned in on where i wanted to be and stayed focused on that area it got a lot easier. Then i could put all my research into that one area instead of being all over the place trying to chase one good deal or another.  Managing a rehab can be difficult near or far, this is something I am still practicing as I get more reps. Good Luck!

@Scott Trench sounds like an incredible opportunity to learn! I would definitely have said someone in the Midwest. But sounds like some surprising markets might show up !

Welcome, we are glad to have you here! Best of luck on your real estate adventure! It is a fun ride indeed :)

I am an agent in Orange County, BUT I did open up my own Fitness facitlity (Crossfit Box) .  So if you friend has any questions about zoning what works ect. I have been through it all! I would be happy to help out. 

Cheers!

not sure where the building is located, but a lot of situations around southern california are taking this type of situation and moving towards a creative office space.  It is really trendy right now, this open concept.  Not sure if you think it would work in your space or not. We have seen a lot of success with this model though. 

-Jenna Stark

Welcome! I am living in Orange County but went to Texas A&M so part of my heart still lives in Texas! Excited to learn from you experience. This is an incredible group.

Cagney, small strip centers most likely.  The stuff that the big dog investors do not have a interest in, but if I can buy while fairly unoccupied, lease it up to add substantial value I think that could be a solid strategy.  What kinds of properties do you work on mostly?