All Forum Posts by: Joe Homs

@Harkeerat Sandhu what type of guidance are you looking for?

Good Investing...

@Ali Nichols I started working with Roam about 3 months ago and have been able to close 3 transactions and working on 3 more.  I am the agent representing the buyers and the most difficult part is educating the Listing agents and seller's that this can be done.  It definitely works.

Good Investing...

@Tricia O'Brien I list it on the MLS and it feeds it to Zillow, where all my leads come from. If not, listing it on Zillow directly works as well. Zillow has their own background check, but I have a "Free" account with the other two and the renters pay for everything. Once it's all filled out I go more in depth to check all the information provided.

California is really tricky with Fair Housing Laws and Section 8 tenants, so be careful with this.  You cannot refuse a Section 8 request and they are NOT subject to background/credit/ or monthly payment rules since the government is paying the majority of the rent.

Good Investing...

@Quentin Norris I use First American, but we use Escrow companies in California to do wholesaling.

Good Investing...

@Michael Gibbons what area?

Good Investing...

@Pete Towsen the quick answer is yes, no problem.  Your bigger issue is that the property taxes will be increased unless you move on.

Good Investing...

@Bhushan Shinkre you have to love California. I started using Anderson Business Advisors about 10 years ago. My structure is a land trust (privacy reasons) that is owned by a Wyoming LLC (privacy and liability protection) that is owned by my one California LLC where I file my taxes for all my entities that is owned by my living trust.

I only pay $800 a year for my one California LLC, thereby saving thousands if they were ALL California LLC's. I hear they have some new strategies for California investors now, but my structure helps me sleep better at night.

Good Investing...

@Freddy Solis welcome to BP in the OC.  Check out this meetup in your area:

https://www.biggerpockets.com/forums/521/topics/1245132-oran...

Good Investing...

@Chris Peregoy happy to connect.  How far South?  Check out this meetup next month.

https://www.biggerpockets.com/forums/521/topics/1245132-oran...

Good Investing...

(No cost, no pitch) Forming new relationships and networking may be the most important aspect of success in real estate. Furthermore, learning from the real-life success and failure of other investors is invaluable. This is a perfect place to learn, grow, and network!!
***
The connections that perfectly complement you are out there. If you have not found them yet, you aren't looking hard enough. No successful investor will tell you that it is easy, but they will tell you that most could achieve success with hard work and perseverance. Don't give up!
***
This month we are featuring Alex Barnett is a real estate investor, mentor, and affordable housing advocate who began his investing journey in 2021. Starting out in wholesaling, Alex quickly scaled his business by identifying high-impact, underserved niches within the real estate market. Today, he specializes in flipping mobile homes throughout Southern California and acquiring co-living properties across the U.S.
In just a few short years, Alex has generated over $1 million in profit from mobile home flips and built a robust nationwide co-living portfolio. He currently owns and manages 62 cash-flowing rooms that provide high-quality, affordable housing while producing consistent monthly income.
Alex’s mission is to create housing solutions that benefit both tenants and investors. His unique blend of creativity, execution, and passion for impact has made him a rising force in the affordable housing space.

6:00 pm Pre-Networking (Please order some food or drink)
6:30 pm Introductions
7:00 pm Speaker Information
8:00-9:00 pm Networking