All Forum Posts by: J. Martin

Hi Jonathan, and welcome to BP. Lots of opportunities to learn here.. I’m a ‘fix and hold’ investor from the Bay Area in CA, and loving it! A few tips about the site..

You'll find lots of good info in the "Learn" link across the top navigation bar, and in the link at the top of this introduction forum. 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 you can earn "awards" for various "achievements" - just look at your profile. Hope that helps with the site! Good luck on your investments!

@Account Closed , I think you're pretty spot on with your observations. Frankly, I'm surprised it's so easy to get cash into the system through buying real estate. Beyond filing a "SAR" for the initial cash deposit, not much checking of the flow of funds from the original source to the real estate (at least in theory..), beyond the name on the bank account where the wire is coming from.

For now, I think the bitcoin transaction would be difficult through title and traditional escrow, although there are some bitcoin escrow companies popping up. I'm not sure about their legitimacy yet. You would probably have to settle it with an attorney, do the bitcoin exchange at whatever the exchange rate is right at close, and leave the buyer to engage in any title insurance process they see fit.. Again it's more marketing sizzle.. By now, there have been many properties listed for bitcoin, but I haven't seen news of any sales consummated yet. (Of course, they could be keeping it anonymous as possible.)

The most expensive legitimate thing I've seen sold so far for bitcoin is a Tesla Roadster..

Welcome Andrew! And I like your enthusiasm to not let anything stop you! There should be some good deals available still down in your neck of the woods, hopefully. I've still heard of quite a few people buying in Florida.. I’m a ‘fix and hold’ investor from the Bay Area in CA, and loving it! A few tips about the site..

You'll find lots of good info in the "Learn" link across the top navigation bar, and in the link at the top of this introduction forum. 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 you can earn "awards" for various "achievements" - just look at your profile. Hope that helps with the site! Good luck on your investments!

@Steven Stokes , market is up up up here. So are rents.

Not sure if you were talking about RE friends/connections, or in general, but meetup.com is a great place to meet some new people. Hikes, photography meetups, foodie groups, drinking groups, , dating, knitting - you name it. It's on there. I just went on a great hike the other day with some folks around here just as a motivation to go do it. Was a cool group..

Hi @Anil Sinha , and welcome to BP! I like your energy! (pun intended!). I have a friend who works for DOE in energy project financing. I'd imagine Texas is a good place to be doing it. Alternatives, Oil, Nat gas, Pipelines... A little bit of everything.. Anyway, just my 2 cents, if you don't have a contractor/rehab background, there's always lots of surprises in flips (permit issues, surprise moisture/rot issues, plumbing, electrical, you name it) - I'm sure you've heard some of the stories. Not trying to discourage - just watch your @ss, build some cushion into the deal, and keep reserves! I’m a ‘fix and hold’ investor from the Bay Area in CA, and loving it! A few tips about the site..

You'll find lots of good info in the "Learn" link across the top navigation bar, and in the link at the top of this introduction forum. 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 you can earn "awards" for various "achievements" - just look at your profile. Hope that helps with the site! Good luck on your investments!

@Bill Gulley , my man! Were you dedicated examiner on Deutsche Bank?! Military? Or..?

I snuck "danke shun" by the translator, but probably only because I spelled it incorrectly.. lol

Gotcha. Unique property. Forests have been growing for millions of years.. do you have to take care of it? (Obviously I'm a naive city boy from the CA coast). And not sure what kind of value the 4acre farm has if you were to let it go, and just rent the house. But being remote, you'd have to find that tenant who was attracted by that.. And send them letters to communicate! lol Maybe you'll have to sell after all.. (or rent to own?) (or take back a note secured by the property with a big downpayment?) All options to keep making some money on it if you're not hurting for the cash.. Just some ideas..

Welcome David! I had the opportunity to go to Mardi Gras in New Orleans a couple years back, and had a great time exploring the city (although I'm sure an atypical experience given Mardi Gras..). But good times! I’m a ‘fix and hold’ investor from the Bay Area in CA, and loving it! A few tips about the site..

You'll find lots of good info in the "Learn" link across the top navigation bar, and in the link at the top of this introduction forum. 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 you can earn "awards" for various "achievements" - just look at your profile. Hope that helps with the site! Good luck on your investments!

Hi Brian, and welcome to BP. I’m a ‘fix and hold’ investor from the Bay Area in CA, and loving it! A few tips about the site..

You'll find lots of good info in the "Learn" link across the top navigation bar, and in the link at the top of this introduction forum. 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 you can earn "awards" for various "achievements" - just look at your profile. Hope that helps with the site! Good luck on your investments!

Welcome @Christopher Cafferty from the Bay Area in NorCal! I thought the same as you when I was living in San Francisco. But then I realized I could drive 20 miles away to Richmond and get good cash flow. You might find that if you go inland, maybe even as far as the inland empire, you can find something local enough that you could drive to it in an afternoon if you really wanted/needed to or stop by on the way on a trip to Palm Springs in the winter or whatever.. Just a though. I've investing within a couple hours' drive only for now, but many on here have made money out of state too. I just don't like to be dependent solely upon others I don't really know, who aren't invested along side me, to ensure my returns.. Anyway, A few tips about the site..

You'll find lots of good info in the "Learn" link across the top navigation bar, and in the link at the top of this introduction forum. 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 you can earn "awards" for various "achievements" - just look at your profile. Hope that helps with the site! Good luck on your investments!