BiggerPockets

- Occupation: Retired/Investor/Musician

- About Myself: Currently living in Hawaii but returning to California in the summer of 2010, Education BA Russian, MBA. Worked in private Health Care, Insurance, freelances in Graphic/Web Design, and play jazz semi-professionally.

- Real Estate Experience: Not a full time player. I have owned a few properties and rented most of them. I currently have no real estate and am renting.

- Real Estate Goals: To own a modest portfolio that provides a secure income, and some appreciation, and that is professionally managed. I am a dreamer and romantic at heart, which always pushes to me towards older or historic buildings, or ecological solutions. However, I temper that with a good dose of realism, so sensible investing has to come first. I am an all-cash buyer, and will consider anywhere nationally, or internationally.

- Currently Seeking: Two to three single or multi-unit properties with cap rates no lower than 7%. I prefer to be in a traditional renters market, seasonal or otherwise, and prefer fewer tenants, paying higher rents, than a large number of units paying better cap rates. I am looking for quality tenants, and a secure income, with less hassle.

I thoroughly vet brokers, and have high expectations of standards of service, and only wish to work with good listeners, who can provide useful marketing, buying, and renting information, and assist in my search In return, I reward with strong loyalty.

Comments (1)

agree with you to a point that property prices may drop but i believe that this will be in line with a potential double dip recession that there is talk about happening due to the government spending cuts, i myself dont actually believe that it will be as bad as people are saying. My thoughts on this come in line with new builds, new house builders that are either currently struggling to sell their developements due to the current state of the mortgage market, so a cash buyer can benefit massivley from buying these sorts of houses, especially if youhave the capacity to buy 2 maybe 3 off of them. I recently approached a builder that had 3 flats left in a development and they couldnt sell them and it was actually costing them money to have someone on site they where on the market for £185,000 gbp each but i negotiated them down to £135,000 each, unfortualty an investor i was in with let me down with the funds and i had to let them go but this is just one example I completley understand the concern that a double dip recession might happen but the price that we could buy at would make the double dip potential irrelvant especially as my plan mentions keeping them for 7 years at wuich point i can see an increase of upto 25 % by then thanks for your response, 05:16AM on December 21, 2010 · Mark Jones