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Investor · San Francisco, CA · Member since 2010 · 910 posts · 889 votes
Hi All,
Last few months we have had over 20+ BP members attend, chatting about investing in the San Jose area and also out of state. @Jay Y. suggested this meetup and I am helping him post it. We welcome anyone who would like to attend!
When: Friday, Sept 12, 2014, 7:00pm
Where:Whispers Cafe and Creperie (outside patio)
(The cafe is in the same complex as City Sports and in the same building as Five Guys on the opposite side of the building.)
1085 E Brokaw Rd Ste 10 San Jose, CA 95131
Looking forward to meeting new investors and seeing familiar faces.
Regards,
Johnson
Keywords:
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Investor · San Jose, CA · Member since 2012 · 2k+ posts · 3k+ votes
12y
It was definitely another success meet-up for Johnson and Jay. Thank you for organizing it. It was nice meeting the new as well as familiar faces.
@Sam M. , congrats to you and your hubby. You guys got a steal on the deal.
@Marilynn Woodcock , good luck with your wholesaling endeavor. Just reach out if you ever need any help from any of us. Personally, I'll share what I know.
@Andrew Eaton , it was nice meeting and talking to you. You look younger in person compared to your profile photo.
@Troy Fisher , It was nice seeing you again in quite a while. Let's grab some lunch and exchange ideas. I'm available almost any day for lunch or coffee except weekends.
@Susan Gong , it's always nice to see you. Let's analyze that deal again. I still believe you can buy that piece of land for a much lower price.
@Kathryn M. , unfortunately, I have to agree with what J said even though you were only there briefly.
@Helen Chau , under promised and over delivered is my moto. I'm more than happy to share with you my spreadsheet on how I analyze deals.
@Yuliany W. , you looked fantastic. I thought you were dressed to kill. It was nice seeing you there.
@Kevin Auyong , I'd love to talk to you next time and learn about the process of doing due diligent for out of town investing.
@Kevin D. and @Ezra Nugroho , it was nice seeing you guys again. Sorry I couldn't stick around long enough to see the numbers on your deal. Can you email it to me Ezra? I just want to get a better understanding of these deals. Kevin, I'll let you know about the thing we talked about after I did my due diligence.
@Paul Cheung, hope you got the introductory email. Belinda said she will call you. Hope things will work out.
@J. Martin, my nephew told me this and it stuck in my mind. "when your bucket is full, you don't need to say much. Let individuals with empty bucket make all the sounds." I thought that was quite profound for a little kid.
If it's after 12:30pm, I can pick you up. Just let me know when to be there and which airline. My guess with a high probability of being correct it's Southwest.
You tipped me over the edge Minh!
Re-booked to SJC, arriving 9/12, scheduled 3:10PM on #568 from San Diego (SAN). On..... you guessed it! State of CA special!! SW. lol In time to meet @Johnson H. @ 4 if I'm on time ;) Thanks so much for the ride from the airport Minh!
Now I just need to get a ride to a BART station at the end of the meetup, before the last BART train, so I can get back up to Oakland at the end of the night.. Who's going to be going back up towards Fremont?.. or South SF..? I'm sure there's someone in this group.. Let me rack my brain..
And I get to see @Troy Fisher again after being MIA for so long!? Totally worth flying in for! lol How you been man? I think I closed 2 deals since the last time I saw you..
@J. Martin - I already offered to take you to Daly City bart if you want it. Just let me know buddy!
I have a horrible memory! lol I was looking at everyone's picture trying to think of who lived up higher in the Bay, and forgot about the host with the most who already volunteered! Sometimes we fail to see the obvious solutions right in front of us. Thanks Johnson! You'll just have to rip me away before midnight so we can make it back in time! lol
And finally, I am going to bring marketing material from a turnkey out-of-state company. Probably not politically correct in this little group, ha! Disclosure: I am not related to this company, I don't invest with them, not even getting any free lunch from them.
@Account Closed , wrt your mortgage connection offer, I am now in contact with some Central Pennsylvania CU. I wasn't actually thinking of leveraging much right now, but I figured it doesn't hurt to begin some relationship with them. They seem to be willing to accomodate a California newbie like me.
Well, hopefully it will work out. It's only an extra $$250-300/month to service $50k debt so you should consider leverage it up a little bit. Take that money, pay down your primary residence if you have no use for it, and obtain a bigger interest only HELOC.
Just like any business, a lot of time it's not what you know, but it's who you know.
Investor · Milpitas, CA · Member since 2014 · 116 posts · 103 votes
12y
@Account Closed That's a great idea! I never even consider creating equity that way! I did think that your friend is strictly a mortgage originator. I didn't know that s/he would originate personal loans. I guess it's both what you know and who you know :)
Investor · Monterey, CA · Member since 2014 · 30 posts · 17 votes
12y
@James B. Hello, James. Hope you will come to our meet-up. It's great networking. Unfortunately I may not be able to carpool with you on 9/12, unless you don't mind leaving Monterey at 8:30am. I have an appointment in Mountain View at 10am. But we can arrange that for future meet ups. Also, there is another meet up closer to home, in Michael's on Main St. Soquel. We just had one last Friday. :-)
Investor · San Carlos, CA · Member since 2014 · 41 posts · 37 votes
12y
@Account Closed Not much left of my brain this week. At the end of next week, I plan on being in better shape. Why is it that a short week always destroys me? Recently, I have wondered if it is worth it.
@Account Closed @J. Martin and others, I look forward to meeting you all.
After such an informative post thread earlier in the week, I am inspired and look forward to meet others working on similar projects.
Andrew,
I wanted to know what others were doing with construction in the Bay, and introduce you to a few folks, so check out this posting. My tag of you did not work..
@Andrew Eaton- Sounds like you should just take the entire week off on short weeks!
Johnson, I take every almost every 4 day week off, especially if we're not working on Friday either. Took off last week, Thanksgiving, 2 weeks for Xmas, and most of the rest of Sept, Oct, and Nov lol
We'll see how the "practice retirement" works out ;)
Investor · San Francisco, CA · Member since 2010 · 910 posts · 889 votes
12y
@J. Martin - If I took last week off I still would be working, it has been hectic. I blocked off Saturday to work as well, I am looking forward to the end of this month!
Thanks to everyone that has responded with attending. I am looking forward to another great turnout on Friday! See you all soon.
Investor · San Jose, CA · Member since 2012 · 2k+ posts · 3k+ votes
12y
Hi everyone,
As you have noticed, the weather has changed in the last few days. It gets a little cold after the sun goes down so don't forget to bring a light jacket. Looking forward to seeing everyone.
Investor · Milpitas, CA · Member since 2014 · 116 posts · 103 votes
12y
@Account Closed , good thinking about the light coat.
@Marilynn Woodcock Welcome to BP and to the South Bay community. First post, straight to the meet up thread! That's wonderful, it means that you are doing your homework and willing to learn. Keep at it, and you'd be successful. There are many experienced people in here who are very nice and willing to share their experiences.
Investor · San Francisco, CA · Member since 2010 · 910 posts · 889 votes
12y
I just want to confirm with everyone that there is no change in location as mentioned in the first post. We will be at Whispers Cafe tomorrow. The official start time is 7pm but a few of us will be there as early as 4pm. Like Minh said, bring a light jacket as we take over the outside patio area!
@Account Closed , good thinking about the light coat.
@Marilynn Woodcock Welcome to BP and to the South Bay community. First post, straight to the meet up thread! That's wonderful, it means that you are doing your homework and willing to learn. Keep at it, and you'd be successful. There are many experienced people in here who are very nice and willing to share their experiences.
Thank you for your thoughtful note! I look forward to seeing you!
Real Estate Professional · San Jose, CA · Member since 2009 · 45 posts · 39 votes
12y
Too bad I can't be there but my hubby will be.
@Johnson H - cash is king but keeping it in a CD or bank ain't the way to go since inflation is eating away at least 3% year. Find a vehicle that gives you up to 15% interest risk free for your cash while you're waiting for opportunities.
@Kevin D. There is a vehicle that can make you average 7%-8% for the past 40 years no market risk but you need to know the right person to talk to. No tenants or toilets involved.