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All Forum Posts by: Jim G.

Jim G. has started 21 posts and replied 83 times.

Post: Early Retirement & Real Estate Exit Strategy

Jim G.Posted
  • Investor
  • Bay Area, CA
  • Posts 83
  • Votes 35

In the same boat as @Sridhar Ramakrishnan. Yes, have been advised to go with NNN commercials and 1031. However, with growth of amazon, brick and mortar such as shopping malls or retailers aren't good place to hold the future. Well, apartments in Bay Area would be better?

Post: Earthquake Insurance in Bay Area

Jim G.Posted
  • Investor
  • Bay Area, CA
  • Posts 83
  • Votes 35

@Ratesh D. You are correct.  Umbrella doesn't cover earthquake.  I separated locations of my SFHs in 20-30 min driving distance.

Post: Earthquake Insurance in Bay Area

Jim G.Posted
  • Investor
  • Bay Area, CA
  • Posts 83
  • Votes 35

I think this post started with earthquake insurance. Then people mixed up with all kind of insurance, such as fire, flood, etc. For rental properties, I always choose more comprehensive insurance policy and put an umbrella on top of it. Earthquake insurance, however, is an exception. reasons: 1. There don't have many insurers (as my understand, they all run by government). 2. deduction is big when it claims. Given these reasons I chose not to buy earthquake insurance for all my SFH properties in bay area I knew, this will have some risk. But I am willing to take it. The reasons I am taking the risk. 1. earthquake usually won't destroy a house completely. Usually it would create a crack, etc. 2. to hedge the risk, I purchase my SFHs in different area, not concentrate in one zip code (or even one city). Since I bought all my properties in 2009-2013 time frame when I had choice. Nowadays, I don't think I can do this anymore. So I stop buying:)

Post: PM in Dallas/McKinney Area

Jim G.Posted
  • Investor
  • Bay Area, CA
  • Posts 83
  • Votes 35

Sorry for late reply @Anirudh Singh I am using "Leasing Texas" as the PM.  You can google to find their info.

Post: PM in Dallas/McKinney Area

Jim G.Posted
  • Investor
  • Bay Area, CA
  • Posts 83
  • Votes 35
Thank Danial to approach to me. Found one already.

Post: PM in Dallas/McKinney Area

Jim G.Posted
  • Investor
  • Bay Area, CA
  • Posts 83
  • Votes 35
I am looking for PM to manage my SFH in Dallas/McKinney area. My current PM decided to retire and scale down. I need a need one to take over. The current tenant has just moved out. I need a bit patch up and fine a new tenant. J

Post: reasonable priced grade A or B hardwood floor

Jim G.Posted
  • Investor
  • Bay Area, CA
  • Posts 83
  • Votes 35
I am looking for deal (online or stores) with good quality (select grade or grade A/B) hardwood flooring (pre finished solid or engineering with more than 4mm top wood layer are preferred). I am in Bay Area, CA. Would like to see samples before put in order of 2500sf.

Post: Live in Bay Area - Looking to meet other out of state investors

Jim G.Posted
  • Investor
  • Bay Area, CA
  • Posts 83
  • Votes 35

Interesting topic. I am having investment in out of state and in state in Bay Area. I have four SFH in four different states which I don't think is very good strategy. Now I would like to focus on one market and do a few SFH or MFH investment. Would like to get people's opinion on which market. In my experience, I will stay on big metropolitan area, with positive population growth.

-Jim

Post: Sacramento Market for SFH investment

Jim G.Posted
  • Investor
  • Bay Area, CA
  • Posts 83
  • Votes 35

I have to call off to attending this summit in last minutes, for my son's band need me on Saturday.  Is it going to be recorded the session, @Al Williamson?  I feel these two sessions may be the most interesting:

1:00 PM
Insider's look at sweet spots in West Sacramento with Sergey Tkachev (3x3 Talk)
1:45 PMAn overview of Oak Park real estate with Sam Allen
(3x3 Talk)

Post: Sacramento Market for SFH investment

Jim G.Posted
  • Investor
  • Bay Area, CA
  • Posts 83
  • Votes 35

Hi, folks, thanks very much for your input.  I need to go ahead to check out 

@Wes Blackwell post.  Sometime I may drive out there over the weekend to check out a few properties.