All Forum Posts by: Mike Bolen

@Stephan Cheek I own a few Airbnb properties here in Napa Valley and the adjacent county. The competition is pretty thick here too and growing. I will say the market is very robust with no signs of decline and nothing in the data that would forecast a future decline.  

Only a few tix left! Visit www.MikeBolen.com for detailed information and to purchase tickets. 

Think of this event as a gold plated REIA. The room will be filled with many of Mike Bolen's high net worth real estate investors who are flying in from across the country to attend. 45 tickets only, as we like to keep these low key so everyone can get to know each other. If you're serious about connecting with real and successful investors and want to level up your personal network this is the event.

Only a few tix left! Visit www.MikeBolen.com for detailed information and to purchase tickets. 

@Scott T. I don't see any impact from the fires of October 2017. I've done deals from Calistoga to American Canyon. Folks sell below market for a myriad of reasons regardless of socioeconomic status. I consistently find 2-3 deals per month and have for years across Napa county. I buy & hold, fix & flip and wholesale. With all that said I see virtually zero chance of a large price decline as we are still significantly below 2005 prices. 

I am heavily invested in Napa and Solano counties. In these markets we have seen some downward movement in median pricing. The chart below is for Napa county and shows a mixed picture. Average price is up while median is down slightly. Here I used 3 month data which smooths out single unit sales on the price margins. It's my feelings the end of the Mueller investigation which has led to the exoneration of Trump will have a significant positive impact on the economy and housing. I expect a massive stock market rally over the next month which should contribute to a feeling of euphoria for luxury home buyers. I do not see anything at this point which will result in a market decline Corelogic is expecting the same with price gains not declines this year http://www.mortgagenewsdaily.com/03052019_corelogic_hpi.asp 

Hey guys, I'm an active Wholesaler, fix & flip and buy & hold investor in Solano, Napa and Sonoma. Would enjoy connecting. Thank you!

Just subscribe to https://www.propertyradar.com/ all foreclosures for all counties in California are listed. The auctions are held daily Monday - Friday. Last year I purchased over 20 in Napa, Solano and Sonoma counties. 

@Adam C. I am quite active in the Solano and Napa markets. Are you doing Fix & Flip, Wholesaling ...etc?

@Joseph M. As a wholesaler I am seeing strong interest in my Vallejo properties. I put one up for sale last week and had multiple offers. When I close on the next four this Monday I already have landlord buyers showing interest in purchasing. I think the Vallejo story has been plagued by sputtering economies of the past and poor government policy but the tide has turned and Vallejo IMHO easily shows the greatest potential in the Bay Area for substantial price appreciation. https://www.dailyrepublic.com/projects/solano-life-2018/solano-life-2018-vallejo-renaissance-is-ambitious-but-attainable/

@Phil Sharp I agree mostly with what  @Account Closed wrote they're are 1% rule deals all over the bay area. Yes some require work, some require paint carpet and evicting a tenant and reloading but many do not. I purchased 2 duplexes in Napa both for $350,000 both well over the 1% rule. I close on 7 doors in Vallejo on Monday that exceeds the 1% rule without doing any work all rented on day one. I am a real estate wholesaler and sell most of my deals to bigger fix & flip guys, I also fix & flip on a small scale but sell a large amount of my deals to landlords too. I only work in Sonoma, Napa & Solano counties so I am hyper focussed. I do keep 2-3 properties per year for my own portfolio and all exceed the 1% rule and yes right here in the Bay Area. But it's rare I have the capital to hold on to more than a couple deals a year. 

By the way Vallejo is probably the best investor market in the entire San Francisco Bay Area, prices are low, rents are high. It is one of the only cities that has daily ferry service to San Francisco, Mare Island the former Naval yard is being converted to breweries and movie studios (Netflix & Paramount) and the average income is rising while the average age of residents is declining along with the crime rate. It has a bad reputation but for those investors who take the time it by far has the best rent ratios and best chance for substantially upside price appreciation. Especially the waterfront district.