All Forum Posts by: Sherwin Gonzales

@Suly Bolanos great question!

I agree with @Charles Kao...TIME is my biggest expense.

You can earn money when you lose it, but when time is lost, it is gone forever.

Congrats @Nick Meyer on starting your Real Estate journey! Below is an article from earlier this year regarding your topic.

https://www.forbes.com/sites/andrewdepietro/2019/01/31/best-cities-own-rental-property-california/

I personally have investments in the Sacramento and Stockton areas and yes...they do cash flow! A good majority of the people I've met that say you can't find deals in California haven't really looked for deals here. With some strategy in place, good investors MAKE their own deals. Whether it be OOS or here in CA, there are lots of deals out there. You just have to find the ones that best suit your goals and needs.

Below is another article about a year ago that goes into a little more depth in the numbers of some cities in CA. Would be interesting to compare these numbers from last year to current numbers now.

https://www.forbes.com/sites/ingowinzer/2018/03/01/investing-in-california-real-estate-here-are-a-few-things-you-should-know/

I hope this helps!

@Sheila Campbell

Great topic and you've already gotten some great advice from a lot of people. From using credit cards, creative financing, etc. Not sure if anyone mentioned this already, but have you thought of just partnering with someone that has the capital? You said your family is not an option since you lend them money but what about a friend or fellow military coworker? It's it better to go half on a great deal than to not have a deal at all. Plus you mitigate your risks and you can build your track record and scale faster. I hope this helps. Good luck!

@Rich Somers

Congrats on your property! In my experience, I usually keep it simple at first and do the main 3 inspections, Home, Pest, and Roof.

The home inspection report and your inspector should give you more detail about the deficiencies on your property and to what extent they are. From there, you can decide whether you want to schedule other inspections.

Remember, however, home inspectors usually just inspect and observe what they see. They don't get into the bones of a property. Seeing that this property is pretty old, sounds like more inspections might be needed.

But if you plan to rehab the entire property anyways, you could wait until after closing to get additional inspections and estimates done.

I hope that helps! Good luck!

@Adam Silverman great question and I see that many people have already answered you in such detail. Here's a thought tho...Why don't you just ask your investors what kind of returns they are looking for? What are their goals? What are their interests? Why do they want to get into real estate investing? 

I think often times people are quick to jump the gun and market their preferred rate or cash on cash return without even getting to know the investors' needs first. Once you learn more about them, the better you can fit them with the proper deal when it comes along.

Make money the way you make friends.

Good luck to you!

@Matt Ward thanks for the invite! I'll try to make it!