California Private Investor, Flipper, Wholesaler, Lender

Lender · Granite Bay, CA · Member since 2014 · 456 posts · 454 votes

It is great to be here on BP. I have been watching the site for some time, and decided to upgrade to a Plus for now. I do a lot of different things in private money and private lending, but mainly just like making money :-) I usually do deals with my own money, partner with others, crowdfund or raise capital with other means. I am also a good resource for newbies who need help, or a second opinion on a deal or how to structure a deal. I look forward to networking and getting to know others :-)

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Dawn AnastasiPro Member

Rental Property Investor · Milwaukee, WI · Member since 2013 · 6k+ posts · 4k+ votes

11y

You could always write one story per post. :)

Podcast Guest on Show #29

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Dawn AnastasiPro Member
Rental Property Investor · Milwaukee, WI · Member since 2013 · 6k+ posts · 4k+ votes
11y
@David Oldenburg welcome to the site!
What type of deals do you do private lending on? It's interesting to hear those stories.
Podcast Guest on Show #29
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David Oldenburg
OP
Lender · Granite Bay, CA · Member since 2014 · 456 posts · 454 votes
11y
@Dawn Anastasi
I have done over 5,000 transactions! I do everything :-) I like wholesaling and flipping quite a bit, but I sometimes flip homes while the sellers are still in them. I do this when a seller needs repairs and helping them will increase the value of their home. I am talking about a seller who has no money to do the repairs on their own. I have Realtors and others in the industry who often call me with potential deals, usually off-market and not yet in MLS. I frequently partner with other investors when my money is loaned out and I get a good opportunity. I could tell a lot of stories, but I don't want to write a novel on the thread here :-)
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Dawn AnastasiPro Member
Rental Property Investor · Milwaukee, WI · Member since 2013 · 6k+ posts · 4k+ votes
11y
You could always write one story per post. :)
Podcast Guest on Show #29
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Dan Brewer
Lender · Lenexa, KS · Member since 2013 · 119 posts · 80 votes
11y
Hi David,
Looks like you're in the Sacramento area. I am based in KC, but travel frequently to the bay area. In fact I'll be in San Jose Nov 13-16, and perhaps we can meet. The best performing commercial sector for the last 10 years has been senior housing, but that performance wil pale in comparison to how the senior housing sector will perform over the next 5-10 years.
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David Oldenburg
OP
Lender · Granite Bay, CA · Member since 2014 · 456 posts · 454 votes
11y
@Dan Brewer I am always open to talk to people :-) I answer my cell phone, or call people back.
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Jon Holdman
Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
11y
Welcome to the site, @David Oldenburg
But, please folks, no dealmaking in this forum. That includes posting "contact me."
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David Oldenburg
OP
Lender · Granite Bay, CA · Member since 2014 · 456 posts · 454 votes
11y
@Jon Holdman I didn't see any "contact me" posts in this thread, but will take your advice for the future :-)
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Elizabeth Colegrove
Hanford, CA · Member since 2013 · 5k+ posts · 1k+ votes
11y
Welcome to Biggerpockets!
This is an amazing place because the only thing everyone agree with is real estate. Other than that everyone has their own niche. So look around the blogs, forums and listen to the podcasts. If you see a post you enjoy check out the persons signature. Many of us including myself talk about our strategies, styles, niches and business model on our website. So definitely check that out as it is an amazing additional resource. For example, my blog is about while working full time, buy and hold investing, 0% Down Rentals, Personal Properties turned rentals, Long distancing investing, self-managing 3,000+ miles away. Definitely list your blog or website in your signature, if you have one. Its a great additional networking source.
Look forward to seeing you around! Look forward to learning tons off of your posts and success stories.
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David Oldenburg
OP
Lender · Granite Bay, CA · Member since 2014 · 456 posts · 454 votes
11y
@Elizabeth Colegrove
Thank you for the response! Yes, I do listen to the podcasts. I get a lot of enjoyment from them, as I hosted a very similar radio show for almost 8 years in the Sacramento area. The forum and networking opportunities with a site like this, is priceless. I too look forward to hearing your stories and learning about you :-)
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Kyle J.
Rental Property Investor · Northern, CA · Member since 2012 · 5k+ posts · 5k+ votes
11y
Welcome to BP @David Oldenburg !
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David Oldenburg
OP
Lender · Granite Bay, CA · Member since 2014 · 456 posts · 454 votes
11y
@Kyle J.
Thank you!
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J. MartinPro Member
Rental Property Investor · Oakland, CA · Member since 2011 · 3k+ posts · 2k+ votes
11y
@David Oldenburg ,
Welcome to the site! I just saw you recently on another thread. Always nice to meet another active investor from NorCal. I'm not doing nearly as many deals as you are, but I've been holding on to everything I fix up in the East Bay so far, so that's been working well for me.
The distressed inventory is down so much, there aren't quite as many private lending opportunities as there used to be, and lots of cash out there.. but sounds like you've been able to stay busy in private lending with your niche of in-home flips. Interesting idea.. Way to find a niche.
There are some good meetup groups in the Sacramento area, and some of those guys will be down in SF in about a week and a half. Definitely get out and network with some new investors in your area! Never know what it will turn in to..
Welcome to the site, and a great group of Northern California Investors, especially from the Bay ;) See you around the site!
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David Oldenburg
OP
Lender · Granite Bay, CA · Member since 2014 · 456 posts · 454 votes
11y
@J. Martin You are correct about there being a lot of money, chasing fewer deals. This has made it very hard for the "vanilla" flipper to make money. I was in Anaheim last weekend at the Real Estate Investors Expo and had a great time. I spoke with a lot of private investors about this issue. The ones who are doing well are the ones who are carving out a niche. However, a "niche" could also be your marketing and networking, so that more deals and opportunities are coming your way. There is something like $8 Billion dollars every month in cash deals in California, so there are more than enough opportunities :-) I look forward to getting to know you better here!
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Dave VisayaPro Member
Moderator
Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
11y
Hey @David Oldenburg awesome! Make the most of it and don't forget to setup keyword alerts. See ya around,.
1 Reply
Orion Walker
Investor · Ukiah, CA · Member since 2014 · 196 posts · 83 votes
11y
Hi @David Oldenburg, checked out your webpage and facebook. Looks like you've been rocking a full range of REI for quite some time. I'm due west, and maybe a bit north, over in Mendocino. Cheers.
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Zoran M.
Real Estate Investor · Cleveland, OH · Member since 2013 · 301 posts · 112 votes
11y
Welcome to the site! Always great to hear war stories.
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David Oldenburg
OP
Lender · Granite Bay, CA · Member since 2014 · 456 posts · 454 votes
11y
@Orion Walker @Zoran M.
Great to meet both of you! I look forward to networking and getting to know you :-)
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Jeff Jamieson
Rocklin CA · Member since 2013 · 88 posts · 12 votes
11y
Welcome David! Sacramento newbie here, look forward to to following your journey!
1 Reply
David Oldenburg
OP
Lender · Granite Bay, CA · Member since 2014 · 456 posts · 454 votes
11y
@Jeff Jamieson Being a "newbie" is awesome, and Sacramento is a great place to start and do business :-)
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Chris Vail
Investor · Sacramento, CA · Member since 2014 · 308 posts · 94 votes
11y
@David Oldenburg Welcome to the site.
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David Oldenburg
OP
Lender · Granite Bay, CA · Member since 2014 · 456 posts · 454 votes
11y
@Chris Vail Thank you! Great to see someone right in my neighborhood :-)
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Chris Vail
Investor · Sacramento, CA · Member since 2014 · 308 posts · 94 votes
11y
@David Oldenburg
There are a couple of handfuls of people that are in the Sacramento area on the site. We generally try to get a meetup going once every 3-4 months.
Usually
@Al Williamson heads up the meetings, my guess is the next one which is at the bottom of @J. Martin 's signature in San Fran will be the last one of the year for this area.
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David Oldenburg
OP
Lender · Granite Bay, CA · Member since 2014 · 456 posts · 454 votes
11y
@Chris Vail @J. Martin I have heard about the meetup in San Fran and would like to possibly go, but I don;t know any of the details. Who will be there, what is the purpose of the event and can anyone go, and what is the cost? Thanks :-)
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J. MartinPro Member
Rental Property Investor · Oakland, CA · Member since 2011 · 3k+ posts · 2k+ votes
11y
Originally posted by @David Oldenburg:

@Chris Vail @J. Martin I have heard about the meetup in San Fran and would like to possibly go, but I don;t know any of the details. Who will be there, what is the purpose of the event and can anyone go, and what is the cost? Thanks :-)
Check out my signature link..
1 Reply
Pam J.
Sacramento, CA · Member since 2014 · 16 posts · 6 votes
11y
Hi David,
Welcome to the BP, I'm a newbie here also, hopefully we will cross paths one day.
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