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All Forum Posts by: Shane H.

Shane H. has started 4 posts and replied 26 times.

Post: Southern California $75K - $150K Buy and Hold Market Locations

Shane H.Posted
  • Realtor
  • Huntington Beach, CA
  • Posts 27
  • Votes 14
Originally posted by @Mark Hegeman:

I will throw the Antelope Valley in the mix. At your price range the right ST could create a nice positive cash flow. The AV has caught a bad rap and they are really trying to turn things around tale a look it can't hurt. 

 Thanks for the info! I haven't considered Antelope Valley. I'll have to look into that area a little more!

Post: Southern California $75K - $150K Buy and Hold Market Locations

Shane H.Posted
  • Realtor
  • Huntington Beach, CA
  • Posts 27
  • Votes 14
Originally posted by @Jo-Ann Lapin:

I would look somewhere closer to you like Murrieta, wildomar Lake elsinore. Have you considered manafctured homes owning the land as rentals.?

 I've thought about the possibility of manufactured homes and going down that path. Maybe, I should educate myself a little bit more on the topic. Do you invest in manufactured homes in the area yourself?

Post: Southern California $75K - $150K Buy and Hold Market Locations

Shane H.Posted
  • Realtor
  • Huntington Beach, CA
  • Posts 27
  • Votes 14

Post: Southern California $75K - $150K Buy and Hold Market Locations

Shane H.Posted
  • Realtor
  • Huntington Beach, CA
  • Posts 27
  • Votes 14

Post: Southern California $75K - $150K Buy and Hold Market Locations

Shane H.Posted
  • Realtor
  • Huntington Beach, CA
  • Posts 27
  • Votes 14
Originally posted by @Paul DoCampo:
Originally posted by @Shane H.:

Hey BP! I was wondering if anyone had any advice on where I should be looking in order to get into some buy and holds in the Southern California area with a $75K - $150K price range. 

I currently live in Orange County California and can not afford to invest in my local area due to the high prices of homes. I want to make sure I'm not over looking a potentially good area within a 1-2 hour driving distance outside of Orange County. I would like to invest locally before I commit to out of state investments (AZ and NV particularly). 

Thanks for the help!

Inland Empire is going to be your best bet. I live in the IE and have been looking for my own buy and hold property for a few months now . One thing I have learned is that finding something that cash flows and in a desirable location off the MLS in today's market quadrant, is like finding a needle in the haystack. That price range is pretty low even for the IE, unless you want to pick up something in a war zone in San Bernardino or out in twenty nine palms were vacancy rates are 20% or more . Your best bet is to find a property at wholesale price, either buy from a wholesaler or do your own wholesaling/marketing campaign, which is something I am starting doing now

I'll be starting my own wholesale/marketing campaign in Rialto, Colton, Bloomington, and Grand Terrace. In those cities you can pick up a property 50%-70% of ARV and hit Your price range . Of those areas are of interest to you then let me know an ill keep an eye for you

Thanks for the info! I'm very familiar with the IE and those areas since I grew up out there. I recently moved out to OC around five years ago. Are those good areas (Rialto, Colton...) for buy and holds? I was stationed out in twenty-nine palms awhile back and the vacancy rates are really high, so I think anything out that way would be hard to find that cash flowed. Let me know how your marketing campaign goes. I'd be curious to hear about some deals you find!

Post: Southern California $75K - $150K Buy and Hold Market Locations

Shane H.Posted
  • Realtor
  • Huntington Beach, CA
  • Posts 27
  • Votes 14

Hey BP! I was wondering if anyone had any advice on where I should be looking in order to get into some buy and holds in the Southern California area with a $75K - $150K price range. 

I currently live in Orange County California and can not afford to invest in my local area due to the high prices of homes. I want to make sure I'm not over looking a potentially good area within a 1-2 hour driving distance outside of Orange County. I would like to invest locally before I commit to out of state investments (AZ and NV particularly). 

Thanks for the help!

Post: First house bought, now onto an investment! Advise?!

Shane H.Posted
  • Realtor
  • Huntington Beach, CA
  • Posts 27
  • Votes 14

@Brett Synicky just finished show 37... amazing! Aaron is doing exactly what I want to be doing. Great podcast. Thanks again for the resource!

Post: First house bought, now onto an investment! Advise?!

Shane H.Posted
  • Realtor
  • Huntington Beach, CA
  • Posts 27
  • Votes 14

@David Ferrette Thanks for the MeetUp info! I have yet to go to a meet up, but think think it would be a great place to network.

@Brett Synicky I'll have to download that podcast. I usually listen to them at the gym. Thanks for the info!

@Joe Homs I would love to check out your flip in Anaheim and pick you brain a little about real estate! I'm working some weird overnight hours next week, so meeting up in the afternoon would work best for me. I'll shoot you a text!

Thanks for the read guys, hope everyone is having a good 4th!

Post: First house bought, now onto an investment! Advise?!

Shane H.Posted
  • Realtor
  • Huntington Beach, CA
  • Posts 27
  • Votes 14

Hey guys!

I'm a long time lurker here on BP that has always wanted to get into real estate investing. I figured my first step in getting into real estate would be to buy a house to live in first. Now that's done, it's time to move onto my first investment property.

I've done a good amount of research, but still feel a little apprehensive about jumping in and making that first purchase. Fear of getting a bad deal that produces negative cash flow for my first deal would big the biggest thing holding me back. Therefore, my first deal has to be as perfect as can be and have some positive cash flow that I can hold in a retained earnings account for future capital expenditures. 

Anyone have any advice on getting over this minor hurdle?

Since I live in beautiful Orange County, CA I would ideally like to invest here, but it is way to expensive and I can not come up with the funding. My next option that I am considering is investing in Riverside, CA and renting out to students near to UCR.

Does anyone know of any meet-ups out in Inland Empire or Riverside, CA area? I would also love to connect with anyone investing in that area. Thanks for the read guys!

Post: New guy here from Orange County, CA!

Shane H.Posted
  • Realtor
  • Huntington Beach, CA
  • Posts 27
  • Votes 14

@Robert Fuhs I'm a big fan of the BP podcasts. Maybe we'll run into each other in Orange County someday!

@Brandon Turner I already set up a few keyword alerts for my area. ;-) love what you guys have going on here at BP by the way! Keep up the great work!