New Member from Bastrop (outside Austin) TX

13 Replies

After a year of stalking you all and lurking on this site, I have finally decided to try and get over my shy side and join up.  THANK YOU ALL for the wonderful information and different perspectives given for all the situations presented to you.  It has been a tremendous help.

My husband and I are both native Californians (him from San Bernadino and me from Marin County) that always wanted to get out.  When we lost my dad in 2013, we knew that if we didn't take the leap then we never would.

I spent 16 years in the mortgage industry (working as loan processor, underwriter, loan assistant, lender liaison and anything else the owner needed) starting back in the old days before FICO scores and DU, ie, when you had to actually analyze a borrower's credit worthiness.

My husband has worked in construction since he was a kid and learned from many old school contractors that taught him to do things the right way.  He was a licensed GC in California, concentrating on remodels.  He has also started a remodeling business here and has been fortunate to have gained some good clients.  He is used to doing everything (plumbing, electrical, countertops, cabinets, etc) himself, but smart enough to ask for help when necessary.  I, of course, am extremely biased about how talented he is, but I can say that the majority of his clients keep coming back to him and trust him as they know he is honest, fair and darn good at what he does.

Due to our mutual love of homes and real estate, rentals are a natural fit.  I can be a bit bold in what homes we buy because I have my husband as slave labor.  We have three rentals here in Bastrop County and are planning on obtaining 2 - 3 more in the coming year.  All three are being managed by a PM whom I will be going to work for part time, which will help learn the laws and the system he has set up.

Thank you for taking the time to read this (if I haven't already put you to sleep or driven you to drink with my very non-exciting life).

HI @Cindy Meyer ,

  I wish you all the best in your future endeavors. I live in Marin County and am curious if you have any connections with investors in the area. I am interested in starting a local investment group here and looking to find quality people.

Thanks, and good luck!

Regards,

  Michael Simler

@Mark Nolan Thank you very much!  I know I have quite a bit of studying to do.

@Michael Simler Unfortunately, all the old timers I knew from my Dad's days have passed away.  All the ones I work with in the trust deed division of my old company were actually clients of the agents that worked for the company.  I think there are still many long time residents of Marin (especially Novato and San Rafael) that bought their homes back in the 70's, paid them off many years ago and now put all excess funds in investments.  Most of those people use advisors, so contacting financial advisors in the area may be a good start.

@Cecelia Redmond and WELCOME to you as well!

@Michael Simler great idea, thanks for the tip.  One (very large) group that I am not sure gets that much attention in Marin are the local police and firefighters.  They make very good money (especially in overtime) and have a great retirement package.  The newer recruits (before wife and kids) and those getting ready to retire often have excess funds and are looking for ways to increase it.

Welcome to Central Texas Cindy. Best of luck to you and your husband it sounds like yall are already off to a great start. It must of been hard to leave the Bay Area I know its hard for me and I only vacation there. Actually just proposed to my fiancee in Pacific Grove this past May.....I'm really missing that breeze right about now. 

Rudy

Thanks @Account Closed and a BIG congrats on getting engaged.  That is  a really fun time in a relationship.  You are correct that the geography of California made it difficult to leave, but the politicians made it easy.  That being said, my husband does kinda sorta hold me responsible for the humidity......and anytime it rains.

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