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All Forum Posts by: John Duguid

John Duguid has started 1 posts and replied 16 times.

Post: New member from Anaheim, California

John DuguidPosted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 17
  • Votes 5

HEAD EAST! If you are looking for cash flow, that is going to be a difficult proposition in Southern California. You may be able to find properties with the cash flow you are looking for in areas of San Bernardo or Riverside counties. Also, the San Joaquin Valley (Bakersfield / Fresno) has much higher cap rates, but you really need to research the areas in which you would be considering investing.

Post: Real Estate Agent in Central California (Bakersfield)

John DuguidPosted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 17
  • Votes 5

Hi Max,

I am new to BP as well and am an agent in Pasadena, CA. Like you, I handle mostly commercial / industrial and multifamily properties. If you ever need any help down south, let me know.

I grew up in the Pasadena area and my grandparents lived in Fresno (my grandfather was a cotton broker), thus, we would always stop in Bakersfield because it was the half way point. We would get off at Ming (I believe was the name of the street), hit McDonald’s or some such place, gas up my mom’s Caddy at the Texaco station and then it was back on the 99!

Post: I just came aboard! Realtor from Pasadena, CA

John DuguidPosted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 17
  • Votes 5

Thank you @Jesus Garcia!

Post: I just came aboard! Realtor from Pasadena, CA

John DuguidPosted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 17
  • Votes 5

@Mark Huang

Any size. I have sold everything from duplexes on up to my current listing of a 148 unit complex in Hot Springs, AR. If the numbers work, the numbers work! Let me know if I can be of any help to you. 

Post: I just came aboard! Realtor from Pasadena, CA

John DuguidPosted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 17
  • Votes 5

@Shannon Wright

Thanks, Shannon. My favorite Escrow Officer EVER just retired, so I will definitely keep you in mind. 

Post: I just came aboard! Realtor from Pasadena, CA

John DuguidPosted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 17
  • Votes 5

@Mark Huang

Hi Mark, 

No, I don't do much business in the City of Los Angeles, never have. My commercial business tends to take me east (eastern San Gabriel Valley, Inland Empire) and my residential business tends to be in Pasadena and around the Pasadena area. Are you active mostly in Los Angeles?

Post: I just came aboard! Realtor from Pasadena, CA

John DuguidPosted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 17
  • Votes 5

@Ayodeji Kuponiyi: Thank you!

Post: I just came aboard! Realtor from Pasadena, CA

John DuguidPosted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 17
  • Votes 5

@Paul Timmins

Thanks, Pail. I will take a look at the links!

Post: I just came aboard! Realtor from Pasadena, CA

John DuguidPosted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 17
  • Votes 5

@David Faulkner

What I did was buy run-down apartment buildings, fix them up, stabilize the occupancy and then sell them. My last two buildings were in Hot Springs Arkansas…a 148 unit complex and a six unit building. The problem with this was the traveling, lots of traveling, and I had small kids, two sons and a daughter (my daughter is currently 14 and my boys are 9 and 6). My wife is a corporate mucky-muck with a Trust Company and not only was me being gone so much a strain on her, but I wanted to be here for my kid’s baseball games, soccer game, volleyball tournaments etc., so I jumped out in 2012. I’ll get back in the game when my kids are a little older, until then I am happy working with people that are building up their real estate empires!

We get down your way quite a bit, my folk's have a house on Balboa Island that they bought back in the 80's. 

Post: I just came aboard! Realtor from Pasadena, CA

John DuguidPosted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 17
  • Votes 5

@David Faulkner

When I started selling back in 1993, my first sales position was with a small Prudential office in South Pasadena that did a lot of property management (mostly apartment buildings). As a result, we would also work on pulling in property management business. Over time, I built up relationships with these building owners and many of them either wanted more investment property, wanted to sell the properties they had and cash out or they wanted to move up to larger properties. As time marched on and CA prices skyrocketed (late 90’s early 00s’), my clients were sitting on tons of equity in their investment properties. At this time many of them wanted to either pull the equity out to invest in more property, or they wanted to sell, do a 1031 exchange and purchase larger projects. Being that CA prices were so high (thus the cash flow on new purchases would be low), I started representing my clients in purchasing properties outside of California where the cash flow was much more attractive. Multifamily sales kind of got me known as the “commercial guy”, and so the commercial / industrial business started coming in. So, to put it in a nutshell, I had every intention of being a residential realtor when I started in this business, but I kind of fell into the multifamily / commercial side.

As far as which side of the business (residential or commercial) I like better, I would have to say commercial. While I like them both, commercial / multifamily sales is all numbers, there really is not much emotion involved like there is in residential real estate sales...either the numbers work or they don’t.

Where in Orange County are you located?