All Forum Posts by: Account Closed

it sounds like a Short sale, i am sorry to say but that will not affect your credit score, or simply wait and hope that market becomes hot.

when i started here a few months ago my friend told me yeah BP!, is awesome so much cool people you can network, and i love sharing my deals there bla bla bla, i was like sharing my deals that sounds like bragging, but a few weeks ago i shared my first one since i been on BP, and people were helpful and supportive so here i am sharing my second. 

Its a 2.7 acre ocean view parcel in Encinitas,CA. and i guess you can call it my new niche is Senior living( Assisted Living ) this is my 3rd  in San Diego about 18 months 1 is open and running and the other is under construction, what is the project about the idea came to me by a failed deal almost 2 years ago, so i build individual new track homes and just use them as assisted living, maximize my income, simple, no hassle no special permits no bull. just build and lease, i have a amazing team of investor and amazing girls in that work in my consulting firm without them none of them would have happen. 

Yes i Like to buy turn key investments there is some areas to do it, let me know send me a PM i will like to share some of my numbers with you is now huge returns like iowa or ohio, but there is serious equity being build and serious upside, in this market. 

I am a Former Analyst for a Private equity firm left and started investing full time, I also have my own equity and investment firm here in San Diego, you should defiantly network everywhere your job takes you all different markets 6 Months you can find a good deal fix, flip and leave to the next town sounds pretty fun to me reach out if you get to California or AZ, thats were most of my interest is. 

Hi @Steven Moore I went to George Washington, So lived in DC, for a few years, I invest mostly in California, and i own a Consulting Firm here, feel free to reach out, send me a PM and we can chat. 

Hi @Al Pereira I am a Former Analyst, for a private equity firm I have 10 years experience, in Real estate in general working in the private equity sector and sales and as a Investor my self about 4, I did some developments in Puerto Vallarta Mexico, where there is a huge influx of Canadian investors which I grew great relationships, I understand the Canadian business mindset and I enjoy doing business with you guys, I can help you with investments and partnership mostly in San Diego, Southern California area, and some in Arizona and New Mexico. or even Resort properties in mexico send me a PM so we can talk more.

Originally posted by @Brian Garlington:

What's easier to find renters for? a 4br or 3 Br or 2Br? 

Some people say 3 Bd/2Ba is the ideal combination. 

Others say you get more cashflow with a 4 bd/2,5 but you run the risk of higher vacancy because most of the time a 4 bd is when people are looking to buy instead of rent. 

Still others say if you can buy a two bedroom for a lower price that has a "bonus room" or "office" that you can convert into a bedroom by adding a closet then that's even better because of forced appreciation.....then rent that out as a 3 bedroom 2 bath.  

What's been your experience?

By the way i live in the San Francisco Bay Area.

That something you should look in the demographical location, where the property is located, when I was a investment analyst for a hedge fund buying up multifamily, it was all about the demographic on the neighborhood. send me a PM and I would share more with you.

Go to Arizona, New Mexico or Texas. I bought Commercial Real estate in NM, 9.7% Cap with a 5year net lease to a Taco Bell, pretty reliable tenants for less money then you think, and also got a 13% cap Multifamily 25 units ,I have had interest partnership for 4 years in a semi-run down neighborhood in San Antonio, and almost always has been on time. but if you want to build equity and watch your property appreciate I would stay in SD.

My Best Friend Move recently to Melbourne, he is interested in investing over there send me a PM @Amy Djuric

Brice Hall I personally have not bought any 30K properties but I had a Client during 2010-2012 he purchase 60-70 D class properties in St.Louis and Parts of Ohio, his cash flow was let's say 80-100 per Property and he just lets them run to the ground, even do he maid amazing returns on investment, he didn't care one property shortly after he bought it needed 5K in Electrical and roofing repairs, just sold lost a about 2K, moved on to the next is not a smart long term equity build it pays the monthly bills for him, it's a strategy some people use out there I was recently in touch with him and he has 100 properties now none over 100K, it's his niche some he holds, some he Flips. We he came to my consulting Firm with this idea i was skeptical but it paid of for him. Lot of work but people find ways to do money, as of the tenants not paying he try's to get as many section 8 tenants in as he cans.