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All Forum Posts by: Jonathan Gilkeson

Jonathan Gilkeson has started 2 posts and replied 5 times.

Post: Best Cities to Invest?

Jonathan GilkesonPosted
  • Real Estate Agent
  • Santa Barbara, Ca
  • Posts 5
  • Votes 1

@James Han @Mike O'Connor @Paul Smythe - As I've been doing more research it looks like Atlanta is a great market to get into. Do you have any connections in the area that could get me started, like any local realtors that you could refer me to?

Post: Best Cities to Invest?

Jonathan GilkesonPosted
  • Real Estate Agent
  • Santa Barbara, Ca
  • Posts 5
  • Votes 1

@Gino Barbaro thanks for the advice! I tried that website you gave me for management companies www.irem.com and it doesn't seem to be the right website... or it's out of operation.

Post: Investor/Realtor eager to learn more!

Jonathan GilkesonPosted
  • Real Estate Agent
  • Santa Barbara, Ca
  • Posts 5
  • Votes 1

@Jim Keller thanks for the well wishes. I've found out how hard it can be to juggle both hats of the realtor and investor. I agree with you about it being all mindset!

@Account Closed I probably should have been more specific that I'm looking to invest in multi-unit properties out of state, not so much single family unless the numbers really made sense. Can you please explain this comment - "If properties are actually selling at $100,000 in the "cheaper market" then the cap rates would be 12% and you have to make $20,000 in profit JUST to break even." - where is the $20,000 in profit coming from?

@Fred Tu Thanks Fred, good to see you on here!

Post: Investor/Realtor eager to learn more!

Jonathan GilkesonPosted
  • Real Estate Agent
  • Santa Barbara, Ca
  • Posts 5
  • Votes 1

Hello Everyone,

I'm excited by everything that bigger pockets has to offer, and I'm happy to reciprocate with any real estate knowledge on my behalf. I'm a residential realtor in Santa Barbara, Ca where I was born raised. It took me moving away for 8 years to realize how good it was here so I moved back about 2 years ago and started working with Keller Williams and the Zia Group. I've been in the industry for 4 years, but it wasn't until I moved back to Santa Barbara where I started to see success, selling 11 homes in my first two years. Much of my success has come from traditional door knocking, hitting the pavement nearly every day. Almost 70% of my business has come through door knocking.

I didn't join bigger pockets to drum up more business, although that would be great if it did, I mainly joined because after browsing the website a couple times and reading some forums I could tell that it was a great community of like minded people that were willing to share and help each other out. I'm actually looking to invest outside of California, because the price of entry is so expensive here, and I've found that you can often get better returns elsewhere. So I'm always eager to learn more and see what kind of tips and advice we can share with each other. I've already posted a forum, but if anyone has any advice on a good city to start investing in, that can command 8-10% cap rates I would love to hear more about it.

If anyone has any questions about investing in Santa Barbara I'm happy to share my knowledge with you! Excited to learn and grow with everyone, Cheers.

Post: Best Cities to Invest?

Jonathan GilkesonPosted
  • Real Estate Agent
  • Santa Barbara, Ca
  • Posts 5
  • Votes 1

Hey guys, I'm looking at buying an investment property out of state. I currently live in Southern California, and through my research I've found that you can get much better returns in different areas. I'm curious to hear if the investing community has any advice on a good city to get started in? I'm looking for a good cap rate around 10%, in a decent neighborhood with good renters. Trying to stay under $200,000 open to multi-family or single family if the numbers make sense.

I've also found out that it's critical to have a good property management team in place since I won't be in town to monitor. If you have any recommendations on a good place to start looking and who to get connected with I would love to hear more about it!