All Forum Posts by: Brian Garlington

As a licensed Realtor I can tell you that Tracy has slowly but surely grown over the years...........I still remember in the 1970s there was really nothing out there. It's a fantastic market. Heck I still remember when the Tracy Bulldogs were the only high school out there.

I rent to carefully screens Abode and Section 8 tenants because they ones I personally screen are what I look for…

No smoking of any kind

No dangerous breed animals 

No felonies or evictions ever

I also look at their car when they drive up…I had someone drive up in a BMW and he told me he also had a Harley Davidson. After a little more conversation I realized he was gaming the system. I did not rent to him.

if the inside of their car looks clean then it’s a pretty good indicator that my property will look like that 3 months from now.


Additionally, there is no rent control restriction on tenants that have their rent subsidized by the government….. and that is the definition of a Section 8 and Abode tenant.

Guaranteed rent and no rent control 😉

How many beds/ba and square feet? You are in Ohio and you bought here in the Bay Area?

@Jacob Garcia

You and some others may not like this....but your NOI should NOT be based just on....what a neighborhood rents for. I have 1 bd/1ba units in duplexes that I rent in the Elmhurt area for $1,933/mo......although the above chart would lead one to believe that is not necessarily likely. Northwest Hills the "typical rent" may be $2,400/mo....and those properties probably cost about 2.5x to 4x what a place costs in Elmhurst.......I also strongly favor renting out to Section 8 and Abode Program participants as well and that money is guaranteed. My NOI on my rentals in C and D neighborhoods works really well in Oakland and Concord because of how I personally screen the tenants.

I would keep it my man.

I use Rentometer

Any property registered as a rental in Cleveland is required to do this. They have rolled it out by zip code. Your PM should know more about it.

My story regarding the Rich Dad companies had a slightly different ending than a lot of others. 

I got to the point of paying the $300.00 for the weekend bootcamp that would "give you all the secrets" regarding their options trading program. I actually got their early on Friday and was talking with a couple of the "staff"...it was pretty easy to figure out who they were. One of them told me that at some point during the weekend they would share with us their program and additional resources that would be very valuable.  As others have mentioned ...there were about 200 "prospective students the first day. By the end of the second day there were abot 100. At about 3:35pm on the third and final day(there were only about 40 people left) when we all came back from our last "break" there was a slide up on the screen. The title said "Additional Resources". I didn't know how long it had been up or how soon it would be taken down. I quickly pulled my phone out and took a picture of the slide. The speaker started talking and he simply said something like, "This slide has additional resource information you can jot down in case it isn't in your material." Most people did NOT do this. He had it up there about another 20 seconds and then nonchalantly moved on to the next slide. 

Among the "additional resources" was information about a website called InvestView. I called InvestView the following Monday and told them I know nothing about options trading. They told me they have a self paced course program that was $600. You learn about everything from calls, puts, naked puts, verticals, calendar spreads, diagonal spreads, iron condors, straddles, etc. They also had a separate program iterally and figuratively for $299 per month where they they would send directly to your email about 5-8 trade recommendations per month where they would literally show you what option trade to do, at what price or net debit or net credit, etc. They would also tell you when to get out and how to close out the vertical or calendar spread or whatever you were doing. I traded based on their recommendations for years...........their head trader was someone named Corey Halliday. Unfortunately they got bought out by another entity and they don't offer that service anymore. However I now follow Larry McMillan's Daily Strategist Newsletter and it accomplishes the same thing for about $350/mo.

None of this would have happened if I had left early like 80% of the people...and if i had not taked advantage of making note of the additional resources.

On a side note I am still waiting on that "Free Camera" the Rich Dad team promised me for attending the weekend Boot Camp. :-)

No the bubble is not about to burst..........those STILL waiting on the sidelines are wondering why interst rates AND housing prices are still rising here in the Bay Area because this situation we are in is quite different then 2006-2007-2008.....all you have to do is a little research and it becomes extremely obvious why it is different.