All Forum Posts by: Johnson H.

Anthony, congrats on your success first of all. You have made a great list of pro's and con's but at the end of the day, I think if you can trade up to more units with value add for a good price, it's worth selling the property as you've realized all the value out of it already. If you were in your retirement years I would say just hold onto it but you are looking to build your portfolio so it makes sense to move on from this property unless you see significant upside down the road holding onto it further. I also like how you take into consideration a 15-20% hit to rents, not many people take this prudent approach and think rents will also continue to go higher without a pull back. 

Thanks for singing the praises of my meetup. I always appreciate experienced investors coming out and sharing their knowledge with everyone else.

With whatever you do, I think you can do no wrong. Please keep us informed of what you end up doing!

 Anthony, thanks for saying nice things about my meetup. However, John I see that you're from Corona. There are plenty of meetup's in Southern California that could certainly fit the bill for you. Please don't come up to San Jose just for my meetup but I would certainly be honored if you did!

 Hi David,

Along the way for Minh's journey he cashed out refi his gains to invest again in other buildings, he did not start with $2.25 million but much less than that. In addition, $2 million is a drop in the bucket in investing here in the Bay Area. I get overbid on my offers with people that have $1-3 million in cash to buy a building so he definitely does not have a monopoly. 

What Minh is doing in his market is truly amazing and difficult to replicate. I know because I have been trying myself. 

Also, being a San Francisco native $10 billion won't allow you to buy all the multifamily here, only a few choice properties. 

Many people in the Bay Area have been able to double their money, even with just $100k. Some of it due to market timing, some due to buying value add properties, and some being lucky in buying the right location. Our market is very different than most of the US, but money can be made even here.

Regards,

Johnson

Hi All,

It's another month and time for another real estate meetup! These meetups have had 30-65 BiggerPockets and Meetup.com members chatting about investing in the San Jose area and also out of state. We welcome anyone who would like to attend!

When: Friday, September 9, 2016, 7:00pm (usually I'm around at 6!)

Where: Now we are at Parktown Pizza Company! Find us in the back room.

1350 S Park Victoria Dr
Milpitas, CA 95035

http://www.yelp.com/biz/parktown-pizza-company-milpitas?sort_by=date_desc

Please support the small business by spending some money and tipping for the great service we receive every month! (I don't pay for the space nor do I receive anything from the restaurant)

Introductions will at 7:15pm and its free networking afterwards until 10pm.

Looking forward to meeting new investors and seeing familiar faces.

Regards,

Johnson

http://www.meetup.com/SF-Bay-Area-Real-Estate-Investing-Club/

Keywords:

South Bay , South Bay Meetup , Bay Area , Meetup , Meet up , Meet-up , San Francisco , Oakland , Berkeley , Alameda County , Contra Costa County , Solano County , Richmond , Hercules , Concord , Albany , Pittsburgh , Marin San Rafael , South Bay , Peninsula , Walnut Creek , Pittsburgh , Antioch , Pleasanton , Fremont , Castro Valley, San Jose, Milpitas, Sunnyvale, Fremont, Palo Alto, Santa Clara, Mountain View, Gilroy, Santa Cruz

I won't be able to make it as I'm flying back home tonight. See you at the summit!

Can you provide more info on Sheraton San Jose? Thanks!

Sorry @J. Martin, I wasn't thinking when I made plans but I see you won't be so lonely with 130 RSVP's now for your meetup and you'll have plenty more at your summit later this month :) One of these days we got to catch up but in the mean time I'll see you in Oakland for your awesome summit!

@Ryan Landis - Congrats!!!

@Stan K. - Wow! That's a terrible mistake that I made, I completely forgot about his meetup. However, I see that over 100+ RSVP'ed to his meetup so please think of my meetup as the overflow meetup for Thursday :)

Sorry to all those that enjoy the Friday meet ups. Whenever possible I like to change it to different days of the week to accommodate those that usually can't meet on a Friday night. I hope to see many of you next week!

Hi All,

It's another month and time for another real estate meetup! These meetups have had 30-65 BiggerPockets and Meetup.com members chatting about investing in the San Jose area and also out of state. We welcome anyone who would like to attend!

When: Thursday, August 11, 2016, 7:00pm (usually I'm around at 6!)

Where: Now we are at Parktown Pizza Company! Find us in the back room.

1350 S Park Victoria Dr
Milpitas, CA 95035

http://www.yelp.com/biz/parktown-pizza-company-milpitas?sort_by=date_desc

Please support the small business by spending some money and tipping for the great service we receive every month! (I don't pay for the space nor do I receive anything from the restaurant)

Introductions will at 7:15pm and its free networking afterwards until 10pm.

Finally if you haven't seen yet, J has a huge networking summit in Oakland August 27-28. I attended the last one and the quality of the speakers is superb with none of them having any hard pitching. There is a lot of value in the summit in my opinion, check it out if you can!

http://www.meetup.com/REmeetup/events/231148710/

Looking forward to meeting new investors and seeing familiar faces.

Regards,

Johnson

http://www.meetup.com/SF-Bay-Area-Real-Estate-Investing-Club/

Keywords:

South Bay , South Bay Meetup , Bay Area , Meetup , Meet up , Meet-up , San Francisco , Oakland , Berkeley , Alameda County , Contra Costa County , Solano County , Richmond , Hercules , Concord , Albany , Pittsburgh , Marin San Rafael , South Bay , Peninsula , Walnut Creek , Pittsburgh , Antioch , Pleasanton , Fremont , Castro Valley, San Jose, Milpitas, Sunnyvale, Fremont, Palo Alto, Santa Clara, Mountain View, Gilroy, Santa Cruz