All Forum Posts by: Peter Mckernan

Hello everyone:

I have been trying to get my hands on as many books as possible to gain as much knowledge as possible within real estate and anything that would better my business. I recently came upon a great marketing book that I thought I would throw out there to see if anyone would like to gain some street smart marketing techniques. Let me know what you think if you have read the book, or when you finish reading the book.

The book is called Guerrilla Marketing by Jay Conrad Levinson.

Thanks!! 

@Mark Mosch

I just wanted to see where you have been finding these properties? I see that you are in Los Angeles and was very curious if these properties were in California, or not. I am looking to invest in smaller MFH, 4-6 plexes at first and get bigger; however, I want to stay local if possible.

Please let me know when you get a chance.

Thanks! 

@Joshua Swanger

Hey Joshua,

I spend a little over $900 a year on the board/MLS access in Orange County. There are also classes for continuing education that you will need to attend to keep your license in good standings. I do believe that if you want to get into investing/real estate access to the MLS has a lot of advantages; however, it is not a must.

Other fees can come along with working at an office as an agent (hanging your license). Some offices charge you a fee and may make sure you are meeting a standard for their office annually. The office may be able to help you with some marketing; however, most of the marketing will have to come out of your pocket, you'll just have to budget a certain amount for the marketing that you want. There is really no limits on how much you can spend on marketing. That is on you to decide.

Good luck and if you have any other questions feel free to send me a PM.

Peter 

@Nick Mercurio

Welcome to the site! This site is very helpful to every investor big or small. I know you'll find what you are looking for here and if you want to meet up anytime, please let me know since I'm not too far away from you. Send me a message and we can meet up to chat.

I currently invest in the Inland Empire; however, I have stretched my search into Orange County.

Peter  

Hey @Jon Huber,

I should be able to get this day off of work, so I'm in!! Thanks for keeping me in mind!

Peter 

@Jon Huber

My work schedule is looking more promising to be off that day. I am hoping I will make it. It is in my calendar. Thanks!! 

Peter 

Hello everyone,

I currently have a piece of raw land (owned by my family) and I was wondering if anyone could direct me to a person that could give me a good appraisal, or better yet, a better grasp on what it may be worth. If someone knows anyone in the local Souther California area, or Inland Empire, could you please let me know.

Thank you,

Peter Mckernan

Hey Jake,

Thank you for your service! I invest in the Inland Empire, which is somewhat close to your current assignment. I would say that you are headed in the right direction with your thinking. If you are looking to rehab and flip properties getting to work with a general contractor is priceless, and also getting some time with a mentor that could show you the ropes is another route to go while working full time.

Good luck!

Peter 

@Hermilo Garcia

I would grab your license first, from there the next step is to continue to network and getting the word out about your goal. Once you have your license you will be able to advertise as much as possible and push your company through as many channels as possible. 

Also you can become a member of CAA for forms you'll need and I would also think about putting your company into some type of entity. You also need an agreement between you and the clients you will be managing properties for. Those are a few things to think about. Those don't cover having a bookkeeper or lawyer for evictions either. 

I agree at times the business is not sexy, but not every business is sexy and if you go for something that is sexy with no passion you won't be successful. What gets you results is continuous persistence of driving towards what you love. If you have found a passion in property management, just keep moving and don't stop until you accomplish that goal. 

Good luck,

Peter

Welcome to the site @Niko Buntich! 

There is a ton of information here and many investors willing to help you out with your investment questions! I hope you find what you're looking for and if you need any help I'm right down the way in Newport Beach. 

Good luck,

Peter