All Forum Posts by: Shehryar Iqbal

Hello,

My husband and I are first-time investors and are considering buying a STR property in Three Rivers, CA, near Sequoia and Kings Canyon National Parks. I searched on the forums, but any post I found about that area was from several years ago, so I'm looking for anyone who has some more recent/current experience with owning a STR in that area. We live in southern CA ourselves, and are also interested to find a place that we could use ourselves occasionally as a vacation rental. I also saw that Three Rivers was listed on Airdna's list of top places to own an STR, which is another reason we are interested in that area and would love to hear from anyone with experience owning a rental property there.

Thank you!

Susan Snodgrass

Do you have a track record with “sweat equity?” Like; are you handy? If so, that has some value. If not, find something of value. In particular, source deals for said investors. Get good at it, and you might not want to give that equity you created away so quickly.

Ultimately the marketplace rewards us for the value we bring to it, so the real answer for finding a partner is being someone who delivers value. Practically, playing the long game and building relationships for their own sake will be crucial.

 >Do you know of any RE events in SoCal upcoming?

BPCon was just here in San Diego. It was very good opportunity to network.  I am going next year to Orlando.

Meetup.com is full of RE meetups.  In San Diego, there is one most days. 

Bigger Pockets has an event section that lists upcoming events local to your area. 

Not exactly local, but my Wife just signed up for InvestHer conference.  It is in Scottsdale (not local, but easily drivable from So Cal).  There may be other RE/investment conferences that are drivable from SoCal.  

Good luck

Market to owners via direct mail.

Sending offers in volume. I send about 30 offers a day, half are not open to seller finance, other half are open to it. Highlight the benefits to it, you can get someone full price asking if terms are right

Networking! Keep working and talking to people. Market your skills and knowledge and pitch it to the right person then......WALA

Aw far as the well/septic goes, the septic shouldn't be a problem. I don't know what the water level is at your property for the well. Have you had it inspected? As long as the well is good, well and septic aren't an issue. Make sure to get a water softener for the well if there isn't one there already and you should also get Reverse Osmosis drinking water at the kitchen sink. The well water in the high desert is hard water. My property in Morongo Valley is on well water and has septic too and we have had no problems. The well should be inspected annually and the septic should be pumped every 3-5 years depending on usage. As for the road, it looks like you have a wash with multiple branches that goes through the area. When it rains, these washes fill with water and become temporary rivers that can degrade roads. The wash cuts across Morongo and Sunrise Ave and these are major access roads to the area. I'm not a geologist so I don't have an expert opinion on it but if your property is on Kelsey, you're definitely going to have times when the property is hard to access since the wash cuts across it on one side and the wash cuts across Morongo on the other side.