All Forum Posts by: Andrew N.

Jeremiah Grant - Hey Jeremiah! I'm in SF as well. Those are some good goals and I wish you luck in accomplishing them. There are a number of SF BPers floating around it seems. Hopefully we can all learn from each other.

Gentle LeBrane - Welcome Gentle! I'm a novice investor as well and doing my best to soak up all the knowledge on BP and in books. Good luck on your investment journey.

Alexander Dajani - Hey Alexander! I'm a novice investor in the SF area too. Welcome!

Hey All, Sorry if this has been answered before but I didn't see much regarding this when I tried to search the topic. I went to my first REIA meeting last night and met two Hard Money lenders. One of them loaned up to 65% of purchase price charging 2-3 points at 8%. This is the type of deal I am more familiar with. There was another HM lender who advertised loans up to 70% ARV (so possibly 100% of a deal plus rehab cost if purchased at the right discount) but then charged points as well as 12% and a contingent interest of 25-50% shared appreciation (which I was led to believe was basically a profit share on the deal without any liability on the lender side). I had never heard of shared appreciation loans before and my question was how common are these loans? Does anyone have experience on either the lender side or the borrower side for these loans? Anything special to keep in mind with these loans? Thanks in advance!

Sarah Lam - Hey again. Just going through old SF threads and noticed your intro. I have a handful of the Vanguard REIT index as well and it's been doing pretty well for me for the past number of years (bought it post crash). I also have another REIT I picked up during that time that has done really well too. As far as CA RE schools I'm taking a packaged course (3 online courses + weekend crash course before test) at Chamberlin Real Estate School in Campbell. I chose it because my realtor friend recommended it and I'm in the South Bay a lot anyway (for the cram session). In my research I heard a lot of decent things about Allied's online course which is a bit cheaper. Also I think Allied has a package without any review that's even cheaper if money is a concern.

Hey Sarah! I am definitely down to meet 10/14. Please also let me know if there is anything I can do to help organize the meetup. Thanks for taking the initiative and planning this. Can't wait to meet you guys in person.

Sarah Lam - Hey Sarah! I am definitely interested in getting together with other SF newbie Investors. I see the thread and I'll hop on there to continue the conversation.

Paul Timmins - Hey Paul, great advice! I actually went to my first REIA (SFBAREIA) meetup last night and met some great folks. They suggested a couple of other good meetings in the area as well so I'm excited to get out there meeting people. Do you have any recommendations on how to research HUD homes in my area? What strategies were you alluding to when you said I don't have to own to control? Any tips on picking a niche? Thanks for the links!

@Sandy Cesaire - Hey Sandy! Welcome to you too! =) Us Noobs hafta stick together =).

@Mehran K. - Hey Mehran. Thanks for the words of encouragement. I'm hoping my obsession with process improvement will translate well into my REI career. Who knows perhaps some mentors out there would be willing to share their wisdom with me for some productivity or automation consulting =).

Thanks for the book list!

The Bigger Pocket's The Ultimate Beginner's Guide to Real Estate Investing is great and was one of the first things I read on the site.

I'm also in the middle of the Nickerson's How I Turned $1,000 into Five Million in Real Estate in My Spare Time

Next on my list is definitely J Scott's The Book on Flipping Houses and The Book on Estimating Rehab Costs

The rest of the books on the list look great too and I'm excited to read them as well.