All Forum Posts by: Mark Hegeman

I will throw the Antelope Valley in the mix. At your price range the right ST could create a nice positive cash flow. The AV has caught a bad rap and they are really trying to turn things around tale a look it can't hurt. 

Thanks for the thoughtful response. 

I am hearing a lot of comments about trust in the contractor and amount of risk you are willing to take.

Let's take it further. All my commercial PM require insurance most require more than the minimum. Any feelings why large PM require insurance, think invitation homes. Obviously anyone renting property to another is doing so commercially but I am looking for reasons why the BP community would think, or know why, large companies require it.  Trust plays no part and risk is always too great to use the uninsured.

Good point J Scott. Do you carry your own insurance then and are fine paying your insurance deductible if a problem arises? 

Landscape maintenance does not require insurance in California however men working with power tools is always dangerous so if a landscaper does not have workers compensation the homeowner could be liable for any injuries that happen on their property.  If you are a landscape contractor (C27) than you must be insured like any other trade. 

I like your perspective @Marcia Maynard. Good points on being able to understand how much risk you can stand. I hear that a lot on BP.  Knowing what your limits are is key to finding quality deals that fit your personal goals. A property may be perfect for me but not so good for the next investor due to the amount of risk it contains. 

Welcome to BP! I am just getting started and from the bay area also. Depending on your cash to initially invest I know Livermore is growing but the prices are high.  However if you can afford it there are plenty of people who will pay to live their. If you find the prices are a little to high for starting out I would look near Sacramento.  South Sac is where I am currently running numbers.  

I used to own a primary residence in San Ramon. People pay a premium for these areas and tremendous growth but hard to find a steal.  That might be everywhere in the bay though. 

That makes sense but as a newbie to investing I think the money to buy that investment property is just as important as the home i live in. I too hope i get to a point where the rental property is worth risking to save a buck,  literally. Thanks for the comment Dustin.