All Forum Posts by: Dylan W.

Dusteen

Welcome to bigger pockets. I invest right up the road from you in Cowlitz County (Kelso and Longview) and am also interested in the Vancouver area.  Feel free to contact me in the future. Good luck in your investing career.

Dylan

Forced appreciation can be simple and doesn't have to include a capital expenditure. For example mowing and watering the lawn, painting and cleaning the place etc... It can also be as simple as raising the rent in a multifamily. It is anything that you can do to increase the market value of the property such as lowering the expenses or increasing the revenue that creates the increase in value. Hope that helps.

Ditto from me. I would not touch that deposit and the lawsuit that probably comes with it. Just consider the rehab part of your investment.

Jessica

Congrats. My wife is in the process as well and is currently taking online classes from OnlineEd.

http://www.onlineed.com/

She has been happy with the content and the cost was very reasonable (less than $100). We researched all of the schools on California's list, cross checked it and took off any with formal complaints, narrowed down based on price to 2 or 3 and then selected this one. You can leverage our evening's worth of research. Best of luck in becoming a licensed agent.

Vamshi

Post crash, I think there were some tremendous buys in Merced and Los Banos (I would be more likely to invest in Los Banos). I was busy with a self storage project and apart from bidding on a few properties at tax sales, never got into that market in a meaningful way. My dad bought a house there which he recently sold and did pretty well on. Do your research before investing there as crime is particularly acute. The drought and real estate crash have decimated the local economy.  I like Los Banos better because that is largely a commuter community and I think that it will do better long term than Merced since it has more relation to the Bay Area.

Best of luck to you.

I hate Sacramento County for rental properties, Who wants a building inspector violating your tenant's privacy during their rental property inspection? I believe in property rights more than $. That was enough for me to leave Sacramento County as a landlord. I might do a flip there and it is not a bad place to live, but i won't have rentals there ever again. 

I also would not invest in the SF bay area unless you are comfortable banking on appreciation and love low cap rates. 

Merced, now that is a rough town, but it has some probability for appreciation and cash flow both. 

I will plan on attending.  I missed the last one.

I think that's a good approach, just work small areas and go easy on the water. You don't want to saturate the laminate, just wet the surface.

Thank you guys for an excellent forum post.  I have been working on this recently and this is a great list, very helpful.

Damian

In approaching a more seasoned investor I would pull together an offering package. This would be specific to the deal and would include: a property proforma; financing plan;  anticipated development costs; your resume; etc...

You want to show that you have a rock solid plan in place and the ability to execute that plan. I would use this to reach out to other investors and regardless of if they choose to invest, you will receive some valuable experience and feedback.