All Forum Posts by: Trevor Lohman

Great point Jerry W. Thanks for running with this Tony. Hopefully we can get a few more interested people

Tony Xu That's an awesome idea, yes let's do it!

Hey everybody,

I'm super interested in starting up an accountability group or mastermind. I'm looking around at my friends, and although many of them are talented and successful, none of them really have the drive to get into real estate. They're all in the medical field like me and don't really seem interested. 

It's tough to stay focused on one thing when everyone you trust and respect is doing something different. 

So.. I'm hoping there might be some interest in forming a group of like minded semi-newbies. We could either get together in person or more likely on the phone occasionally and brainstorm, review deals, keep each other focused, and maybe partner up on some things. 

Basically an investing club. I see a lot of people on here in a similar situation to me. I think this site helps them stay motivated and focused. A small group format would take it to the next level. It could be a sounding board for vetting deals, and also allow us to do more deals more quickly. 

I'm thinking the broader range of people the better, but ideally it would be people actively looking to do deals and in the position to do so, or at least contribute to one. 

If anyone is interested at all chime in!

Keep us posted! 

If it's priced into the purchase price maybe a foundation issue on one of the 4 units isn't a deal breaker. 

Yes that's the one I was guessing,

Looks pretty nice to me! I went to school up there as well and have family in the area. I don't know to much about willows but I'm assuming it's the typical corning/orland type of area. 

Pending some more info on the foundation, home inspection, appraisal etc I would probably do something like that in your situation. 

Good luck!

Maybe you start at 200 and meet in the middle? Your guess is as good as mine, maybe someone else local can chime in. I would definitely want to bring your friends brother by first though. Like I said I don't know much about slabs, but it seems like that is one thing that you'd prefer not to mess with. 

If it's the 4plex I think it is on zillow it looks like it's been on and off the market for a year.... so maybe 200 is the right number. There have been two pending sales in one year that both fell through, I'd love to know why. 

I shouldn't say there's no way they'd go that low... you never know. 

I'm super curious what a 240k dollar 4plex looks like in Colusa. 

Wow did you just find a 1%+ rule in California? Nice @Alex Rodriguez

Is the property in Colusa?

I'm no expert but that won't stop me from chiming in,

When you say the floor has cracks in the concrete, what exactly does that mean. Is it a concrete floor? I haven't seen a concrete floor in a home so just curious, probably ignorance on my part. If it's a slab foundation with cracks in it yes I would definitely talk to a contractor or someone knowledgeable about that. Do you happen to know someone who is a contractor or at least pretty handy who could look at the house with you? I've worked on the good old pier/post foundations but never a slab so I'm no help there. 

Seems like a good deal if there's no major issues. Although your numbers are ran at 200k. I can't imagine they'd go that low unless they just way overpriced the home or it is a super motivated seller. (Or if the foundation is crumbling... joking)

If nothing else it sounds like a good way to lower your housing expenses and get exposure to real estate. I wish I could go back and do something similar. I think my wife has gotten used to our house so there's no going back to a duplex for me!

Good luck!

Just ran into the situation Michael Plante is describing. Funny enough while purchasing through James Wise who also is on this thread While still high, taxes were less than half what was listed on the mls

Michael Plante That's an interesting idea, hadn't thought of that. What are you typically doing for rate and duration when you do owner financing?