All Forum Posts by: Nigel Ford

    Hello Bigger Pockets, im Nigel and im an agent in norcal.

Im looking for areas in northern california that would be most worthy of searching for investment opportunities for clients, naturally this site came to mind as its been a great resource for me in the past.

Id like to hear what other agents in the area are seeing and doing with regards to investment properties right now. What areas/strategies have worked for you and your investor clients?

-Nigel 

It seams difficult to prospect for new leads right now with social distancing. How are you doing it these days?

@Tim Swierczek

That makes alot of sense. How is business doing from your perspective? Are you an agent right now?

Thank you, Nigel

@Tim Swierczek

Its nice to see people being optimistic at this time. What would the downside be of using the brokers CRM and emal? does that include all of their branded marketing materials?

The reason why im asking is because I have a broker in mind for when I get the license in the mail (and who knows when at this point), that provides all of that for a fee.

Nigel

I think the California market could be an acceptation because values are soo high here and it is a sellers market.

A lot of property leads I've found are in a trust for the family. 

Is it still worth it for someone to start off wholesaling here?

@Davin Thrasher

Do you guys think their is still a demand for distressed properties here? in 2019?

are there enough of them to wholesale?

Im thinking about wholesaling in Santa Rosa on the side of looking for a sfr.

Thanks

I am working with an agent, looking through zillow and redfin, and i’m subscribed to some wholesale lists. 

I have 2 properties lined up to make offers on, im waiting for a response from one. my agent will make offers one at a time but not multiple offers at the same time.

That was my 7th offer soo far.

I would hate to switch markets because i’ve put soo much into learning and making contacts in this market already! I totally get what your saying though. 

What would you think of a house with a basement that could be rented separately, but the house would not cashflow otherwise?

@Alyssa Dyer

I am investing out of state; Im in Cal and im looking in Indianapolis. Im under the impression now that the whole country is generally in the peak of the cycle.

If im using a conventional loan that wont go below a 50,000 loan amount, I feel like to get a big enough discount on the price for the repairs needed the loan amount will go below that.

I will most likely have more cash out of pocket than if I just bought one that needs nothing between 60-80,000.

I think It makes sense to get a fixer upper with a short term loan for the full project cost than refinance into the 30 year.

 This is just my very simplistic view of it, im sure it gets much more involved than that.