All Forum Posts by: Account Closed

Hi Martin, Its a No brain, CALI is Cali near SF, booming area, and you know it well you buy that for $250k now i am sure it will appreciate, buy in cleveland i cant say the same. simple and to the point my humble opinion. @Account Closed

Hi @Justin Turner, I used to work for a Private Equity firm and becoming one is a hassle, but when i broke of into my own, i started syndicating deals is all about the investors you meat, LLC or DST and many other options even i small REITs that you get Dividend payment, but the best way is simply just one on one, find the deal get 10 guys at $15k each and buy that soccer, and split cash flow profits.

I dont wont to be to specific cause i am not a lawyer, but there is ways. we do things offcourse with a lawyer always, your best friends in Real estate Investing will be a Lawyer and Experience paranoid investor, they know all the ways in and out. 

try to run some comps as a investment opportunity, also if is 100y old check if it qualifies as a Mills act tax exempt property that will really give you a nice kick is it all original outside ?. and what neighborhood, regarding the comp just run it based on general SFR in the area with a Value added do to the extra income flow it produces. just an idea. Its easy to come up with a price you think is worth, but in your situation proving that value will be hard but uniqueness is always more valuable.

It sounds like you get a decent. rent as long as time keep moving forward and we become a more modern tech society your property will go up, i will hold it for a 4-5 years, till the next market regeneration.  @Karen Y.

Hi, @Christian Chasmer, I assisted in the purchase of 18 unit Multifamily in Everett, have 15% equity on that project and was the guy who put it together I would, the only difference, was price point and few little details, but my company and I that had consulted in deals in 22 states, have found the concept is the same come prepared with money in had and a Local mentor  and you will learn like you did the first time in boston but a lot faster. I think maybe San Diego is Smaller Community of investors then boston maybe thats one of the biggest difference i had notice but i am also kind of new to SD. 

I Live in North County but done some projects in Downtown and also vincinity. feel free to send me PM to network

Hi, @Luis Ortega one of my girls at the office, presented me that project, about 2 months ago is to close to the freeway, for my taste that becomes a problem in carlsbad, at a different price might make since cost of rehab into 15 units with time delays city of carlsbad is gonna give you is super long, if your using your own capital great but if not interest might eat you, Carlsbad Planning is easy to deal with but right now there is so many project applications they are a little overwhelm, I passed on it but maybe is more something in your area of expertise, i just taught it was a bit hard to pencil out. 

Hi Everybody, Lawyers and experts, I was just curious if anybody know the answer to this,

the story is my sister in law had a step sister, who passed away and left her a 21% stack in a commercial building, the step sisters family is pretty crappy not paying her fair market, rent they said they spend money on this on that, you know typical stuff, so she wants them to buy her out property is worth $1,100,000, so her stake is worth $231,000, since its in a limited family partnership she cant sell to external people right ?, so the people were going to offer her $145,000 a little more then half, that she was heavily considering, since they are a royal pain to deal with and getting anything out of them was already a win, so now her lawyer switch sides and works for her step sisters family against her and send her letter saying that she need to find other counsel that that lawyer she had works now for them and the offer is $90,000 which is crazy, she dosent want me to get involved or use my lawyers, but I was thinking can you sell a investor a promissory note or something like that since he will be getting money her cut of the rent is $11,550 annually that's like 4.5% return, if she were o sell to a investor her stake for the original $145,000 making the investor like 8% on his money is this possible o sell if yes how, hope it made since, I am not very good at the lawyers stuff.

Hi @Keeya WangJones, well this is my little story

2004( I was to young had just gotten my real estate license but what I remember, I did 2 sales only that year, but rates did go up a little and that's why my 3rd property did go threw )

2008( I was young Associate at the Investment firm of my dreams, so my job was to analyze trades, purchase of large multifamily complexes, what I notice that the uncertainty of the election does drive into doing out of comfort moves, but 2008 election was during a time of crisis in the real estate world, but what I gather of the residential market that year was if you had money you bought property because it will go up couldn't go any higher and election did affect at some point the election )

2012( I was more establish in the firm and was head investment analyst learned a lot since last election, and this was a different, that drove inventory low, nobody was selling investor were waiting with check and pen for another dip in the recovery economy but didn't happen just affected the options out there and the desire of people to sell common ordinary home buyer )

2016( What my firm and I been noticing this election is a chain reaction, large hedge fund corporations are not making the move to invest there own capital, midsize and family offices are buying up safe investments and rentals with lease signed tenants, why uncertainty, and the average dude is buying like crazy, what he can get his hands one to make quick cash, will this drive or economy to a collapse again, some say yes some say no, you be the judge, but what everybody agrees that there is more money out there now so more money to loose, if I was you If there is a property that you love buy it park that money, somewhere cause whatever happens in election your money is safer in a home then in the bank, plus your home creates equity, just buy in a good area here in San Diego, we have the coastal California economy where you buy it ill go up in price, so just go out there and find the right home, I know its hard cause options are so few in the area now.