Sacramento RE investor - noobie to BP

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Sacramento RE investor - noobie to BP

Dave Boswell
Investor · Cameron Park, CA · Member since 2015 · 11 posts · 7 votes

Hello!

My name is Dave Boswell from the Sacramento area and joined Bigger Pockets a few months ago. Just wanted to introduce myself :)

I have been a house flipper for the last 8 years! I have had many successes and failures and have probably made every mistake in the book. haha. Most of my experience is in the construction side. I was a premier painting contractor for over 20 years before I became a full time real estate investor. 

Right now I am currently working with several private investors. Mainly our deals consist of short sales, and sometimes a rare deal on the MLS. I'm looking to expand our business this year; more deals more flips! Also I want to start some different marketing approaches and other real estate strategies. Its time to start thinking bigger! :)

I am really excited to start networking with all of you!

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  • Larry Fried
    Investor/RE Broker · Eugene, OR · Member since 2014 · 3k+ posts · 968 votes
    11y

    @Dave Boswell

     Hi and welcome to BiggerPockets! It’s a great place to learn more about every aspect of RE investing and meet the people you want to meet. If you haven't yet, be sure to set up your Keyword Alerts!

    I am curious, are you flip deals JV with private investors, or some other arrangement?

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  • Dave Boswell
    OP
    Investor · Cameron Park, CA · Member since 2015 · 11 posts · 7 votes
    11y

    Hey Larry, Thanks for the warm welcome!

    Yeah the arrangement with our investors is we pay them interest or points, usually anywhere between 8-12%. Each project we come to an arrangement but typically its 10%. I actually have even one private investor where we use his money to purchase the deal and our own money to rehab it. Its not ideal but thats what he is comfortable with and it pretty much puts him at almost zero risk. 

    0Reply
  • Antonio Gonzales
    Lender · San Diego, CA · Member since 2014 · 143 posts · 38 votes
    11y

    Welcome to the group. There are some great resources in this network. Best wishes. 

    0Reply
  • Chaz Reid
    Investor · Fayetteville, NC · Member since 2014 · 916 posts · 190 votes
    11y

    Welcome to Bigger Pockets @Dave Boswell

    0Reply
  • Michael S.Pro Member
    Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
    11y

    Hey Dave, welcome to Biggerpockets. Great fantastic people are here to help you out. You can also learn a lot from the weekly webinars and podcasts. 

    BiggerPockets
    0Reply
  • Jared Lichtin
    Contractor · Cleveland, OH · Member since 2014 · 317 posts · 181 votes
    11y

    @Dave Boswell Awesome!  I actually have had some painting questions recently... I just started podcasting about my flipping, and I the flip I am doing has quite a ton of painting to do, interior, possibly exterior, and a lot of trim.  As you are a painting pro, would you like to skype sometime and discuss painting issues for real estate investors?  Sorry to just reach out to you like this, but I just ran into this thread.  I found BP 4 years ago, and it has helped me immensely!

    0Reply
  • Dmitriy Fomichenko
    Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    11y

    Welcome to BP community @Dave Boswell It is a great place to meet new friends and learn about various aspects of real estate and more. 

    Wishing you the best! 

    @Dave Boswell

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  • Dave Boswell
    OP
    Investor · Cameron Park, CA · Member since 2015 · 11 posts · 7 votes
    11y

    @Jared Lichtin

     Thanks for reaching out. Yeah lets set up a time to skype and I'll gladly answer any questions you have and I'd love to hear more about your current flip.

    0Reply
  • Chris Vail
    Investor · Sacramento, CA · Member since 2014 · 308 posts · 94 votes
    11y

    Welcome to the site 

    @Dave Boswell

    Sounds like you will have a lot to offer on the site with your past experience.  I look forward to seeing you around.

    0Reply
  • Sergey TkachevPro Member
    Investor, Agent, CPA · West Sacramento, CA · Member since 2009 · 707 posts · 262 votes
    11y

    @Dave Boswell, welcome to BP!  Sounds like you have a lot of experience, would love to hear about some interesting deals :).  I'm in the process of testing out direct marketing in the Sacramento area as well, would be interesting to share our results :)

    0Reply
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