All Forum Posts by: Kevin Crosson

Try looking around on meetup.com for real estate meetups. Just be wary of the ones that charge entrance/membership fees.

Hey, Daniel! I'd suggest that now that you've read a lot of books, you get out and meet other investors at networking events. There's a BP Meetup at UnUrban Cafe in Santa Monica the second Saturday of every month from 11-2, and plenty of others that you can find. Meeting investors in this casual and free space is an easy way to get to know and learn from them. Start asking them if you can help them in any way to learn. I bet you'll get takers! Bottom line: you can pay money to "mentors," or seek them out and maybe even earn money helping them out with deals while you learn. Hope that helps. Feel free to reach out if you have any other questions or want to know more about the meetups!

Welcome to BP, Shawn! Looking forward to seeing your insights. There aren't a lot of escrow guys on the site, so you'll have plenty of people looking to you for advice, myself included. Look forward to connecting!

Hey Steve, welcome to BP! Sounds like you have a lot to offer. Look forward to hearing your insights! How long have you been flipping?

Welcome to BP, Tony! Do you flip in the IE mostly?

Hey Wesley, in Southern California, a 5-6% cap rate is fairly standard, with highly desirable areas in parts of LA, Orange County, and San Diego having cap rates in the 4-5% range. A few exceptional buildings trade in the 3-4% range. So, your analyses are probably correct. 

There are some opportunities in certain parts of LA and the Inland Empire for higher cap rates that could push your cash-on-cash returns into the double digits. Hope that helps! Feel free to connect and reach out with any other questions or if you want to know more.

Hey Rene, as far as I know, RUBS is not permitted for units that fall under the Rent Stabilization Ordinance (A.K.A. rent control), but, submetering is an option that should be allowed. As for if that would be worth implementing, in my experience it usually is. But, you'd want to run your own calculations, just in case you're lucky enough to have tenants that are already being utility-wise on their own. Hope that helps!

Hey Chris, welcome to BP! To find what you're looking for, try setting up keyword alerts in your settings so that you get notified every time someone talks about wholesaling in one of those areas! Good luck and feel free to reach out. It's always great to connect with other LA investors.

Hey Nicole, welcome to BP. There are plenty of LA wholesalers to learn from on the website. If you haven't already, you should think about setting up keyword alerts in your settings, so you can find out whenever someone's talking about wholesaling in the area you want to work in. Good luck, and feel free to reach out with any questions or just to connect! I'm based in LA also, so hopefully I can share valuable info.