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All Forum Posts by: Erin A.

Erin A. has started 8 posts and replied 78 times.

Post: I'm "selling" my recent rehab via a recipe contest!

Erin A.Posted
  • Investor
  • Antioch, CA
  • Posts 79
  • Votes 57

It's true!

After weeks of legal research and preparations, my dessert recipe contest just went live. The Grand Prize? My most recent rehab, a stately 1906 Craftsman in California's Gold Country. Know of anyone whose desserts bring down the house? Let them know they can WIN my house!

www.HomeRecipeContest.com

@J. Martin, @Arlen Chou, @Chris Music, @Brian Burke I think you'll all get a kick out of this. 

Inspired by the recent essay contest for this Maine B&B and super high DOM in my market. :-D

Post: WOMEN IN RE: Comfortable going to meetups? Improvements?

Erin A.Posted
  • Investor
  • Antioch, CA
  • Posts 79
  • Votes 57

That's awesome, @J Martin! Again, props to you for initially asking good questions, and more so for synthesizing the input and putting it to the test. Yeah!

Post: Seeking Private Money/Partners for Rehabs in Contra Costa County (Bay Area)

Erin A.Posted
  • Investor
  • Antioch, CA
  • Posts 79
  • Votes 57

Hey BP, 

I'm seeking private funding for rehab deals in East Contra Costa County (CA Bay Area). 

Cities include Brentwood, Antioch, Pittsburg/Bay Point, Oakley, Concord and Martinez. 

Focused on SFRs, 3 beds / 2 baths or more, 1200sf minimum. 

Terms negotiable, perhaps 0-2 points, 8% - 10%, 12 months max, no prepay penalty, 1st lien position. Lend to my LLC.

Will also consider equity split.

Completed my first rehab (Jackson, CA) which is hitting the market next week and am a licensed Realtor. 

Having a relationship with a private lender makes getting deals under contract much easier and gives us a competitive advantage by being able to make offers faster.

Let's make something happen! Please send a private message or respond here. 

Post: WOMEN IN RE: Comfortable going to meetups? Improvements?

Erin A.Posted
  • Investor
  • Antioch, CA
  • Posts 79
  • Votes 57
Forgot to mention that I'd love to see an LGBT group start up.

Post: WOMEN IN RE: Comfortable going to meetups? Improvements?

Erin A.Posted
  • Investor
  • Antioch, CA
  • Posts 79
  • Votes 57

@J. Martin

All great questions! I especially appreciate that you've taken the angle of curiosity,  helpfulness, and willingness to be of service to the investor community.

1. Yes, I feel comfortable going to meetups. Did I always? No. I had to do a lot of self-work and mentorship to get to a place where I didn't feel inferior in a room of (powerful, wealthy, experienced, etc.) men. 

2. YES! There are things that would make me much more comfortable going to meetups! They all relate to personal safety. Here are questions I ask myself all at once in the half-second I contemplate not going to any meetup: Am I going to have to walk in the dark? If so, how well-lit is the path? How close to the venue can I park? Is there going to be a restroom close-by that's not isolated from the event? If it's at night and BART accessible, is that really a viable transit option? Are there other women going that might want to carpool / travel together? Is it at a place where there will be rowdy/drunk/disrespectful people? These just aren't things men typically need to think about.

3. I don't mind going to meetups that are predominantly male. I can learn from anyone and I can teach anyone. In fact, I typically expect that I will be in the minority.

4. I suppose it wouldn't hurt to be explicitly welcoming to all stripes of folks. 

5. Perhaps a meetup-within-a-meetup? For example, a large meetup for everyone with a break-out session for women to network with each other, and which men interested in networking with women can attend as well.

6. Different time of day or week... Personally, I'm much more likely to attend something that's during the day, for all of the reasons mentioned above. I'm not a parent, but I know parents, and night time events aren't as feasible (for men or women, but especially women). I like weekend events because with night events I inevitably get tired, have to leave, miss out on connections, and drive home sleepy. 

7. I don't view it as sexist to specifically reach out to women.

8. I'm also surprised that nearly 40% of the attendees for the next meetup are women. But that's great! I'll be interested to find out what the final ratio is at the event (given that things come up at the last minute).

General observation: The higher up you look in real estate investment (or business, or finance, or management, or C-suites...) the fewer women there are. The playing field seems pretty accessible at the "first step" investment choices like SFR rental, 2-4 unit rental, etc. It's when we start talking about commercial property that women become much more of a minority. Since I have ambitions to build a portfolio of large multifamily properties, I'd love a networking group of successful female multifamily / mixed-use investors.

Last thing: I feel it's important to mention that I've benefited significantly from cultivating professional relationships and friendships relationships with male investors and mentors, especially YOU, J, and also @Brian Burke. I just want to re-iterate that regardless of sex, anyone is capable of teaching to and learning from others. 

Great topic, great post! See you Thursday. :-)

Post: Driving for Dollars Results

Erin A.Posted
  • Investor
  • Antioch, CA
  • Posts 79
  • Votes 57

@Vonetta Booker

I've run into the same problem myself. I like to use PropertyShark.com if I need owner info or property info on a case-by-case basis. I believe you can get one property report for free when you create a free account. If you need more reports, there is a subscription you can do monthly. Hope that helps!

Post: Major Fixer - Northern CA - SFR, B&B, multifam

Erin A.Posted
  • Investor
  • Antioch, CA
  • Posts 79
  • Votes 57

I purchased this property in Jackson, CA with the intent of rehabbing it, but I have to move in May and Jackson is too far (2 hours) for me to manage the rehab along with everything else I have going on.

Property details

Purchased for $96k in 9/2014, ARV is $308k - $380k for a SFR based on comps at existing square footage (obviously higher if you add on or demo and rebuild larger). Historic commercial zoning, one block from tourist shopping district and on a primarily residential & office street. Zoning allows SFR, multifamily, B&B, office, retail... Repair / rebuild costs likely $150k - $220k depending on what you want to do, what your contractor costs are, etc. Structure is 1,791sf on a double (8,700sf) lot with old barn, fruit trees.

Rehab details

Needs just about everything. Roof, siding, foundation strengthened, windows, interior framing and drywall, kitchen expansion, bathrooms, wiring, plumbing, etc. etc. etc. HUGE project.

About Jackson

Jackson (population 4500) is the county seat of Amador County. About 1 hour east of both Sacramento and Stockton, and 2 hours east of Oakland. Small town feel, friendly folks. Significantly lower home prices than the Bay Area draws a large population of retirees. Major employers are city/county governments, Jackson Rancheria (casino) and Walmart. Lowe's is a 5-10 minute drive from property.

PDF Download of Buyer's Info Packet is on my website (blue button at bottom):

http://www.rockfordinvest.com/portfolio.html

Offering this privately to the BP community before putting it on the MLS. Will consider reasonable offers. I'm a licensed salesperson in California but am acting on my own behalf--FSBO listing.

Thanks!

Post: Bay Area Wholesaler Adding to "Buyers List"

Erin A.Posted
  • Investor
  • Antioch, CA
  • Posts 79
  • Votes 57

Of course you're already on the list, @J. Martin! It took me quite awhile to come around to the idea of wholesaling but I'm fully "in" now. I'll keep you posted! And yes, hope to see you soon!

Post: Bay Area Wholesaler Adding to "Buyers List"

Erin A.Posted
  • Investor
  • Antioch, CA
  • Posts 79
  • Votes 57

I've gotten a great response to this post! Thank you to everyone who has reached out to me. BiggerPockets is truly the most valuable network I've ever been connected to. Yeah!!

Post: Bay Area Wholesaler Adding to "Buyers List"

Erin A.Posted
  • Investor
  • Antioch, CA
  • Posts 79
  • Votes 57

Hello BP colleagues,

I'm an active and still new cash flow investor and rehabber wanting to branch out into wholesaling. I live in the Bay Area and follow the markets closely here. I'm posting to simply build out my buyer's list by asking if anyone would like to be notified when I secure my first contract. Please send your contact info, preferred areas, price range and other must-haves (private message or public response is fine). Thank you!