All Forum Posts by: Scott Trench

Weird - I'm not sure how the thread got locked. It's unlocked.

Let us know how this works out! 

I bet Cali real estate is among the best performers in the country in 2025, with a combination of lower new supply, and the "boomerang" effect of California people who moved to Texas, Florida, and other sunbelt and southern states packing up and moving back, back to Cali, Cali. 

The call of the business friendly Texas market sounds incredible... right up until you realize that with that comes insects the size of rodents, snakes, heat and humidity that have you perspire in mere moments, and property taxes that in many cases are even higher than what they left behind in California. 

No knock on Texas and Florida - just a statement of reality that California is an incredible place to live, and many who experience it, can't stay away. 

Let's circle back in 12 months and see how it goes! I am often wrong. 

I once spoke at a San Diego Meetup. 

In attendance were a bunch of folks from San Francisco, because, of course, the cash flow in San Diego was excellent. 

The San Diego folks wanted to invest in Denver and were curious about the better cash flow here. 

And, here in Denver, the locals want to invest somewhere to the East in the mid-west, because there is no cash flow to be found here. 

But, the folks who invest for the long-term in San Diego, San Francisco, and Denver all seem to be rich within a reasonable band, offering them an excellent quality of life. 

I know few folks who have invested 1,000s of miles from where they live (they do exist - I do know them, but they are rare), who built substantial wealth through real estate.

Backyard is best, unless you make the out of state location you invest a meaningful part of your portfolio and life. 

I have no trouble believing that those who invest in San Diego, specifically, and hold for the next 15 years will be rewarded beautifully. A different reward, but potentially better, than their peers in other places around the country, and certainly better than most of their peers who live near them in San Diego, who pick locations thousands of miles away that they otherwise have little ties to.

We are obviously not going to take this down. 

I'm sorry to hear this terrible news, Nathan. Very best to you and your wife. Aside from this link, please let us know how we can help.

I have definitely heard that it is still a seller's market through and through in Oregon and Western Washington!

Just trying to see if it's a Buyer's Market out there yet for folks - I think it is for me, specific to Denver Multifamily priced over $750K.

Look for the ScottBot in 2026. 

I understand that, while it can be done, notes are a poor way to turn a small amount of capital into a large amount of capital, unless one masters the art of turning a non-performing note into a performing one... which is a skillset that likely coincides with dealing with individuals going through some of the worst parts of their lives. 

I think of note investing, rather, as a great way to turn several hundred thousand dollars into several thousand dollars of reasonably high probability income, while having a reasonably high probability of not seeing a loss of principal. 

I'm not sure why anyone would think that this is a great approach with $20-$30K, or how an expensive course could possibly result in material risk/return adjustments for a note investor.

However, I had the (now chiseled into BiggerPockets' Mount Rushmore) great @Jay Hinrichs help me out on my first note (thank you!!). So, that is a material advantage - and perhaps others are willing to pay for a friendly look over the shoulder on the first one with some of these gurus.

@Andrew Syrios I've actually gone the opposite direction and am growing a 'stache to go with my for now full head of hair