All Forum Posts by: J. Martin

Hi Paul, and welcome to BP! I’m a ‘fix and hold’ investor from the Bay Area in CA, and loving it! But you’ll find a variety of every type of investor on the site, and everyone is amazingly helpful. Some pointers for you: The "Learn" link across the top navigation bar has lots of great info, and so do BP members! You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile. And you can tag people by typing @ before you type their name, then clicking their name at the bottom of the message box. Welcome to the site, and good luck in everything!

Welcome Lonnie . There are a lot of super helpful people and great advice on this site! I’m a ‘fix and hold’ investor from the Bay Area in CA, and loving it! A lot of others doing flips, wholesaling, notes, everything.. A few tips..

You can tag people by typing @ before you type their name, then clicking their name when it pops up at the bottom of the message box. You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile. The "Learn" link across the top navigation bar has lots of great info, and most importantly, the BP members! Welcome to BP, and good luck on your investments!

Hi Daniel , and welcome to BP! I’m a ‘fix and hold’ investor from the Bay Area in CA, and loving it! But you’ll find a variety of every type of investor on the site, and everyone is amazingly helpful. Some pointers for you: The "Learn" link across the top navigation bar has lots of great info, and so do BP members! You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile. And you can tag people by typing @ before you type their name, then clicking their name at the bottom of the message box. Welcome to the site, and good luck in everything!

@Denise Madrid and @Chris Music , I forgot to mention this other property, which would be a better fit for your probably than the Richmond property I mentioned earlier..

3201 F i l b e r t St

Welcome to the Bay @Mohammad Foro , unfortunately I can't recommend a good aggressive tax acct here.. but @Greg Meech is basically on the money. In CA, you slap lawsuits on any entity you can, and see what sticks.. but the more barriers you create the better.

I am not a lawyer and cannot offer any professional advice. However, many people get loans in their own name. Later, when their circumstances change or otherwise, they "quit claim" or transfer the deed (ownership) to an LLC, so they no longer own it in their personal name. Just the loan is to their personal name. So the natural person (you) no longer owns the asset. Technically, not notifying/seeking approval of change in ownership makes the loan in technical default if they checked, but I haven't heard of people coming to a problem with this, because it seems like most banks don't want to rock the boat as long as you are making your payments.. Just what some people do..

@Kyle Zaylor , I met up with @Adam Hofmann personally too because he was the first one I met on BP who was ready to not just talk.. but start meeting up, executing on goals, get things shaking..

I can see already by your post on your progress Adam that you don't f*ck around! Glad to see it! And motivating me to step up the number of offers I send in on my buy and hold deals.. I haven't been as diligent as I should..

Would also like to talk to you Adam about partnering up to target some deals on my area, especially since you seem to have the resources on some IT/info/marketing aspects that I do not have in place for myself (and don't plan on anytime soon I don't think..)

Great to set the goal. Tag me or PM when you figure out the date!

No problem. Good luck Philip, and be sure to use those forums!

One more tip..

Buying FHA your first deal is a great way to leverage your capital, especially if you're flexible enough to buy a 4plex and live in one unit. They use most of the other unit income to qualify you..

Welcome again, and good luck!

@Jay Willems , since everyone is mentioning buying a duplex to live in one side, I will say my first deal was an FHA 4plex living in one unit, and couldn't have been happier with the results, although you have to be willing to make some sacrifices relative to living in your ideal situation you would have picked, all investment considerations aside.

All said and done, well worth it..

Welcome to BP (and the US) @Florence Oxenham ! (and thanks for the shoutout @Denise Madrid ; sorry you can't make it this time :(

It looks like you're jumping all the way in Florence, which is the way I like to do things.. There are so many options on where/how to invest, it can make your head spin.. I'm similar to your investment philosophy I think, in that I invest in lower-risk "fix and hold" properties for longer-term cash flow - rather than investing in higher risk (and higher potential return) flips. All my properties are in the East Bay now, in Richmond. But I'll probably eventually branch out further east until eventually looking in other state.. You'll find something in every range on this site. You can check out my profile and website for some of the deals I've purchased, rehabbed, leased up, and manage.

If you can make it this last-minute, we'll be having a meetup in Oakland on Thursday evening (details below). If not, I'll see you here on the forums, and send me a PM or tag me if you have any questions about real estate in the Bay, or have some questions... Good luck in your investments Florence! And welcome to BP and the US!

http://www.biggerpockets.com/forums/521/topics/109953-east-bay-meetup---thurs-jan-16-2014-in-oakland

What: East Bay BP Meetup - 2014!

When: Thursday, January 16th, 2014 - 6:30PM to 9ish+

Where: Rosamunde Sausage Grill (& Bar)
Swans Market Place, 911 Washington St, Oakland, CA 94607

Get There: Take BART to 12th St/Civic Center Oakland Station& walk down Broadway to decreasing-numbered streets. Make a right on 9th St and walk to the first corner, at 911 Washington St. It is about a 5min walk, a block from the last EB meetup.

Parking at 459 8th St, or other garages nearby at the link below. Address above.