All Forum Posts by: Account Closed

@Joe Haines Northern CA has SFR under 150k with positive cashflow and appreciation rates above 8%. What is the reasoning for looking out of state? Is there specific states you are looking into

Welcome @Erik Sam Solano county is a good county to invest in multi family that can give you positive cashflow along with other counties close to. If interested in hearing more info lmk. Ive been investing in that county along with surrounding counties for the last 7 years. I also have been working for tons of investors flipping homes along with BRRR strategy. If interested in teaming up on any future deals feel free to reach out.

@JaNae Anderson Please listen to the advice that many have suggested above along with majority of people that have been doing this for a long time. There are to many variables investing out of state. Stay local for your first investment (within 3 hours) IF you need any assistance please Pm me for more details. There are properties from 40-150k very close to you that can get positive cashflow along with higher appreciation than out of state properties.

Don't be discouraged @Donna D. there are investments for under 100k fix n flip or buy an hold. I have done a lot of research around your area of Tarzana and surrounding areas. You will not find anything close to your price ranges even with a JV deal. I would recommend staying within state if possible and if you want more details about Northern CA please feel free to PM me I would be more than happy to JV a deal with you.

I'd be happy to help you out anyway possible. I have 14 years experience in the fixnflip market and know how to give a high end look without spending the high dollar amounts. Where about in the Bay Area?

 Location, Location, Location they say. I have recently run across some investment opportunities to invest in the "A class" neighborhood but the city itself is "C class"  

Positives- Highest quality tenants, 10-20% higher rents, 25-30% higher property values, Better school district

Negatives- Loss of potential renters due to higher rents, Hard re-sell due to highest prices in the city

Any advice on these type of opportunities that I should consider would be greatly appreciated.

Do not go with cheap .89c laminate. It will warp and look terrible. Go with something at least 10mil thick. Also stay away from vinyl planks as it it very hard and cold similar to tile. Its good for vacation/summer homes that commonly have tile floors but for a homey feel go with the softer warmth of laminate. You will spend double what carpet is worth plus need to get baseboards removed and re installed with laminate but it will have a much higher end feel and will sell much quicker than with carpet. If your home is in a c class neighborhood and it is at a cheap price i would recommend just pulling the carpet clean the floors and leave bare wood. Then the new homeowners can decide what they want.

Where abouts in the bay area are you looking? You wont find anything in silicon valley that cashflows positive. You would need to go further up north

@Chris Isaacson How many years does someone need to go back to show a proven track record? Of course the crash helped all appreciations till now. Cycles come and go but CA historic appreciation is 8%. I am only 35 and prior to 07' crash I was working for a handful of investors doing many fix n flips ( 02'-07' ) My goal prior to 07' was all about creating and growing my current construction company. At 16 I joined the SJ electrical union until I was 21 then took over the familys small flooring/remodel business and created it to a complete property service company for ALL your home improvement needs. I grew up in construction my whole life and have seen the ups and downs. I still have a lot to learn but learning the ropes from my grandfather about real estate has helped immensely. He bought properties 60 years ago in the bay area for 28k ( ARV when sold 350k) Even though he sold and bought in Hawaii at 500k ( ARV 2mil ) He still wishes he never sold. CA values will always be there and always have appreciation. You just need to know when its the right time to buy. Always buy, never sell unless needed.

We purchased about a dozen properties in 2008 for 45-65k 3/2 SFR. All properties are now well over 120k. This is not a case bye case basis. This is how hard work is rewarded. I can tell you now it is defiantly much, much harder to find deals these days when everything is catching up to its peaks of 07' but I am still finding them. I also am realistic and can not promise any 10-15% returns now or in the future. Only the market will decide that. But i do have a proven track record and that track record has a proven 10-15% yearly returns.

I will not tell you where these properties are or show stats of the current market I am investing in due to many vultures out there looking for deals. I can however show you a property that we purchased in early Jan 2013 and since this neighborhood has been combed thru by investors over and over I highly doubt there are steals to be found in this surrounding streets, even though I am still looking

Heres your stats

Jan 2013

Purchase price 109k

Rehab 10k

Current market value 210k 

Almost double your money in 3 years. Theres your proof and heres the address to all whom don't believe its possible in CA to make positive cashflow and massive appreciations. 3727 1st Ave Sacramento CA

What other stats or proof do you need @Nadine Lajoie? I will be posting all my purchases and numbers in the near future with pictures.