Real Estate Agent · West Hollywood, CA · Member since 2018 · 51 posts · 17 votes
I would love to connect with wholesalers, investors, or developers here in the San Francisco Bay Area? If you’re in Los Angeles I would love to hear from you as well!
I am an investor in the South Bay. We buy from Gilroy to SF to Sacramento. About 95% of our purchases are on the peninsula. Shoot me a message, would love to chat about how we can work together.
Hello guys, I would like to learn from other investors in CA too. I am from Sacramento looking to find advice from other investors about financing with loans as I do not have cash to offer at the moment.
I am an investor in the South Bay. We buy from Gilroy to SF to Sacramento. About 95% of our purchases are on the peninsula. Shoot me a message, would love to chat about how we can work together.
Ty Bobby! Sent you a follow request with a message.
@Dana A., I am just starting out watching the Sac market. I own my primary residence that I am house hacking and run my parents duplex rental here in Napa. I am also looking out of state. Would love to get on this list and connect with everyone!
Hi Ronnie, the intent of my post was just to meet and network with investors, developers and wholesalers. There was no intent for a list or zoom meetings (as another person here said)... With that said, I understand your reason(s) for wanting to go out of state as a lot of people are doing, but keep in mind that there is a lot of money to be made here and you’re already living here. Unless there is another place you’d like to retire, why not build your portfolio here?
@Dana Adams it all comes down to capital and starting financing. Here in the Bay Area, the price to get in is substantial. I know the profit margin is better but trying to get anything without $50k+ to start in reserves is hard and so the OOS markets allow for someone that has only $20k to get in and do well, so it seems. I know there are options such as partners and such, which I am looking into but even having a market only an hour away can be hard to work when you have a W2 job. But I’m definitely up for networking and learning from everyone!
@Dana A. I am an investor and mostly work on properties in the East Bay though I have been looking for something in the Peninsula. Since this is not my full time job, I am selective in the kind of projects I take and usually do 2-3 flips a year. Currently my focus is flips to generate capital but may end up converting my current project as a rental.
I do some out of state as well (both buy and hold and flips) but its minimal at this point and have sold almost half of my out of state portfolio.
I see you are an agent and guess you may get some fixers once in a while. Add me to your investor list for fixers.
@Ronnie Galindo Once you are over the sticker shock, I would suggest to partner up with someone and do local investing unless you get to a point where you want to buy a 20-50 unit apartment building out of state. The 1-4 units out of state is a slow and painful unless you have good contacts in your target location.