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All Forum Posts by: Robert Reynolds

Robert Reynolds has started 37 posts and replied 290 times.

Post: Open Agent or exclusive agent

Robert Reynolds
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 301
  • Votes 163

Peter you can have an open agent relationship, but no top agent will go for that. You will end up getting some desperate brand new agent to represent you, when you want a well established agent who has been through the process. You get what you pay for and often a good agent will make you more than their weight in gold. Please reach out if you need any help. 

Post: I want working with investors to be my niche

Robert Reynolds
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 301
  • Votes 163
Quote from @Sam Dorgalli:

I have been an agent for 9 months and have been networking and trying to close my first deal with home buyers and sellers but I don't really feel it and I really am more interested working with investors instead. I am in the process of acquiring all the knowledge I could on REI right now as my first step and network. If you've made the switch, 1. Can you please share your experience and 2. Any tips?

Thank You!!!


 Hi Sam, 

My recommendation would be to join a team that works with real estate investors. Working with investors is a great niche and I totally enjoy it! Please hit me up if you would like to talk more about it. 

Post: is Joshua tree good place for both STR and LTR?

Robert Reynolds
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 301
  • Votes 163
hi Kevi


Quote from @Kevin Kim:

Hi,

Today, I saw there are many listings in Joshua tree, Twentynine palms, yucca valley, etc.

I know real-estate market is slow. However if they do good STR business, then there is no reason for them to sell their house.

Can someone let me know if there is an issue for property in those area?

I guess it became red ocean(too many airbnb), and demand might be decreased, or permit issue?

Thank you. 

 Hi Kevin,

You can definitely find some good deals in Joshua Tree and Yucca for STR. The STR permits in 29 Palms have been capped and you can still invest there in LTR. I'd love to send you some of the best properties I think are out there. Reach out and let's connect soon.

Post: Investments that pay

Robert Reynolds
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 301
  • Votes 163

Hi Keiz,

Welcome to the BP community.  What kind of real estate investing are you interested in? 

Post: Looking to begin my investing journey

Robert Reynolds
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 301
  • Votes 163

Those are great places to start, that’s where I also started. You can learn so much with books and podcast. I would recommend also going to local real estate meetups and find ways to provide value to local investors there. I’d love to connect soon and get to know how I can help you on your real estate investing journey. 

Post: My first step in real estate!! Thank you for having me.

Robert Reynolds
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 301
  • Votes 163

Hi Persis, 
I would love to connect you with one of my team's NorCal agents so they can let you know when the next meetup is and help you with your house hack. I definitely recommend starting out that way. I bought my first home as a house hack and it really helped me invest further. It's a great and stable way to start your investing journey. 

Post: I Qualify for $700k SFH 5% down, but need 15% for $700 Duplex?

Robert Reynolds
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 301
  • Votes 163

You can do 3.5% FHA loan on a Duplex, not sure if your credit union offers that.

Post: Best Cali City to Invest in STR

Robert Reynolds
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 301
  • Votes 163
Quote from @Maxzi Soto:

I've been researching Big Bear cabins to invest in this year but do not see a cash on cash evaluation for more than 8%.
Is there another area in SoCal that is better to invest in or should I consider out of state? Any feedback is appreciated. 


I would recommend Joshua Tree and Indio if trying to stay local. You can find a deal here and there in Big Bear but you would probably need to find a distressed home that needs a little rehab at that point. Would love to connect and help point you in the right direction. It's definitely possible to invest in SoCal and I would highly recommend, especially for your first couple STR's to get your systems in place.

Post: LA based architect looking to network and offer advice

Robert Reynolds
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 301
  • Votes 163

My advice is to start going to meetups and I'm sure you will be able to give tons of value to those who attend and you will also learn from them. It's a great way to share ideas and build community. My team hosts about two a month and the meetups can be found on meetup.com and are also posted on BP. 

Post: New to BP and RE investing!

Robert Reynolds
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 301
  • Votes 163
Quote from @Michael Songer:

Hi all, I just started listening to BP Podcast about 2 months ago. I first read David Greene's "BRRR" and then I read "Never Split The Difference" by Chris Voss since starting the podcasts. I am currently reading Long Distance Real Estate Investing. Looking to get started by House Hacking. I am also looking for someone who can benefit from my extra time I have daily to do some analyzing or whatever work they may need.

Look forward to networking with everyone on here!


 Hi Michael, 

Would love to connect and discuss your goals further. I love that you are eager to help out others to help give some value to others. Have you started investing yet or are you still trying to figure out how to jump in?

Would love to hear more about your story. 

Robert Reynolds