All Forum Posts by: Tony Clark

Do you live in Los Angeles County or Ventura County and looking for like minded people passionate about real estate investing?

Come check out the favorite monthly meetup in the area! We've been rapidly growing and it's a great place to network/connect with likeminded individuals.

We meet on the first Monday of every month at Tarantula Hill Brewing.
There will be no sales pitches, both newbies and experienced investors are welcome, and all you have to do is shoot me a message or post here so that we know to save you a seat and bring a business card to hand out to those around you.

This is a place where you could meet your next business partner, real estate agent, or find a buyer for your next deal.

RSVP by signing up through this link: https://www.meetup.com/meetup-group-lqpbxjkq/events/29762178...

Come from 6-8:00, or drop in for a drink or food for a few minutes in between! We'll be there.

Looking forward to seeing you there for good food, great people, and lots of investing talk!

Text Tony (615) 977-5495 with any questions.

Hey @Kenya Moseley have you seen a couple of the ADU eligible properties in the Conejo valley? There are some single family homes on 8k+ sq ft lots that would work well for the ADU route.

I've also been keeping a list of some of the ones that have come through (on and off market) in Ventura that could be turned into 2-3 units considering ADU conversions.

Depending on your price point, I've also got an off market 4 unit in Simi Valley that will cashflow. 

Happy to share more about my experience, my wife and I are house hacking a home with a mother in law suite (and will be converting the garage into a 3rd unit) and I always love chatting about how to find cashflow in VC. 

Best of luck!

Do you live in Los Angeles County or Ventura County and looking for like minded people passionate about real estate investing?

Come check out the favorite monthly meetup in the area! We've been rapidly growing and it's a great place to network/connect with likeminded individuals.

We meet on the first Monday of every month at Tarantula Hill Brewing. There will be no sales pitches, both newbies and experienced investors are welcome, and all you have to do is shoot me a message or post here so that we know to save you a seat and bring a business card to hand out to those around you.

This is a place where you could meet your next business partner, real estate agent, or find a buyer for your next deal.

RSVP by signing up through this link: https://www.meetup.com/meetup-group-lqpbxjkq/events/29762178...

Come from 6-8:00, or drop in for a drink or food for a few minutes in between! We'll be there.

Looking forward to seeing you there for good food, great people, and lots of investing talk!

Text Tony (615) 977-5495 with any questions.

 Congratulations on finding that community! If it’s the Dell soul community, they are very reasonably priced on a price per square foot basis. Make sure to run your numbers on how much it will rent for versus what your monthly mortgage and expenses will be, I had a client who was looking at that community and decided against it, because it would be tough to cover their costs based on the amount they were going to put down. 

I also live in Ventura and think it’s a great market to invest in for appreciation long-term! The fact that there are no rental restrictions as nice as well, Oxnard just across the way has them so it’s nice that Ventura is a bit more Landlord friendly.

There are also a decent amount of properties that could be turned into two units/a main house, and an ADU, if you can do that you will be able to find decent cash flow even from day one.

best of luck in your search, and happy to answer any questions as well!

Hey Whitney! Just dropped you a message, @Peter McKenzie is a great person to connect with. I build ADUs, flip houses, and am an agent locally as well. Happy to help get you connected to anyone in my network as well in Ventura County - it's a great (underrated) place to invest! 

Do you live in Los Angeles County or Ventura County and looking for like minded people passionate about real estate investing?

Come check out the favorite monthly meetup in the area! We've been rapidly growing and it's a great place to network/connect with likeminded individuals.

We meet on the first Monday of every month at Tarantula Hill Brewing. There will be no sales pitches, both newbies and experienced investors are welcome, and all you have to do is shoot me a message or post here so that we know to save you a seat and bring a business card to hand out to those around you.

This is a place where you could meet your next business partner, real estate agent, or find a buyer for your next deal.

RSVP by signing up through this link: https://www.meetup.com/meetup-group-lqpbxjkq/events/29762178...

Come from 6-8:00, or drop in for a drink or food for a few minutes in between! We'll be there.

Looking forward to seeing you there for good food, great people, and lots of investing talk!

Text Tony (615) 977-5495 with any questions.

Do you live in Los Angeles County or Ventura County and looking for like minded people passionate about real estate investing?

Come check out the favorite monthly meetup in the area! We've been rapidly growing and it's a great place to network/connect with likeminded individuals.

We meet on the first Monday of every month at Tarantula Hill Brewing.
There will be no sales pitches, both newbies and experienced investors are welcome, and all you have to do is shoot me a message or post here so that we know to save you a seat and bring a business card to hand out to those around you.

This is a place where you could meet your next business partner, real estate agent, or find a buyer for your next deal.

RSVP by signing up through this link: https://www.meetup.com/meetup-group-lqpbxjkq/events/29762178...

Come from 6-8:00, or drop in for a drink or food for a few minutes in between! We'll be there.

Looking forward to seeing you there for good food, great people, and lots of investing talk!

Text Tony (615) 977-5495 with any questions.

Thanks @Stacey Bochenski! 

I'm a house flipper/real estate agent in Ventura county and wanting to network with people wholesaling in this area - I've had trouble finding anyone who is consistently finding deals and would love to connect with people who are. 

Does anyone you know/do you wholesale in the area? 

Much appreciated! 

Hey @Alan Wedemeyer, I probably don't have a popular opinion here but I live locally in Ventura County and sold our entire out of state portfolio to start investing locally. 

I focus mostly on ADU conversions, which allow you to cashflow here and typically build in $70-$100k+ of equity for each deal. Because of that, I've been able to do less deals with bigger spreads and make the same returns I was seeing out of state.

Sample deal I'm in the middle of the reno on in Ventura

3/2 main house, 1/1 mother in law suite, and a 1/1 detached garage conversion

Purchase: $925k ($1.1 all in after reno & ADU conversion)

Reno: $80k for main house, $100k for ADU

Rents: $4k/mo for the main house, $2.5k/mo for each of the ADUs. More if I choose to mid term rent them. So $9k/mo in total rents. 

ARV is $1.35 mil

SO I'll be able to build in about $200k of equity and then cashflow right around 10% cash-on-cash once it's all said and done. I do some flips out here as well and those are good to generate quick cash, but I think if you're considering investing locally the ADU route is the way to go (specifically converting existing garage space, ground up ADU construction is much more expensive).

I saw a good candidate for this type of project on Avenida De Las Flores a couple days ago with a detached garage. Plenty of options out there if you're willing to get creative.