All Forum Posts by: Dustin S.

@Gordon Cuffe I got into my property in Rutherford County in 09 and the very first tenants I had weren't great but since then I have had nearly zero problems. My worst performing property is a 4-plex that I have about 2ish hours away in a smaller desert town here in CA and its entirely because of the Property Manager but unfortunately they are the only game in town. So I'd have to agree with you 100% on the property management being vital.

@Tyler Wade Can't say as far as appreciation is concerned on my Charlotte properties. I haven't held them long enough. Cash flow on them is very good. In Tennessee I have Property in Rutherford County just South East of Nashville. Appreciation on this one has been pretty good, better than I expected and cash flow has been decent. My view of performance is a combination of how many phone calls I take on a property and how much money it makes me. My TN house would rank above most of My CA places mostly on Phone calls. If you'd like to meet up I attend the VCREIA meeting at Mimi's in T.O. next meeting is next Thursday the 12th at 6:30 and you can look up details on meetup.    

I live in Ventura county CA and invest in Tennessee and North Carolina buy fix and hold mostly. Mind you I got my start in here in CA in 2008 so I did have some experience before going out of state. If you do want to invest out of state and will not be using a turn key company be prepared to spend a lot of time there at first. I the past year and a half I have bought 4 properties in Charlotte NC 2 needed extensive rehabs. I have made 7 trips to NC in that time and probably spent a total of 5 or 6 weeks in Charlotte. You need time to develop relationships you'll need for your business. Once you have things set up you can spend a lot less time on it but I recomend visiting out of state properties at least once or twice a year.   

I believe I will be out of town for October's meeting but ask Cornelius he might be there.

Hi Everyone anybody ever heard of Independent Housing Solutions. I have a property listed for rent and this company called telling me they wanted to put a family in my property that has lost their home in a fire. They are supposed to stay until the insurance can rebuild their home. They guarantee at lest 6 months of rent at $450/month over what I am asking almost sounds too good to be true. Please anyone who has ever dealt with this company tell me about your experience.

This looks like a $30k plus rehab and comps are putting it at about $125k ARV how much room is there to come down on price?

No Problems also something to check out would be the VCREIA ( Ventura Count Real Estate Investment Association) Meetings Cornelius and I are both members, this is how we originally met. Lots of good people to network with and very focused on education no hardcore selling. Meetings are on the First Thursday of the month at Mimi's Café in Thousand Oaks.

I do mostly SFR out of state and use all sorts of ways to find them. Realtors, wholesalers, property managers, Craigslist and mailers/cold calling. Btw and this wasn't planned but I Know Cornelius and his wife and they are good people. Also would be good to talk to about fix and flips in the county.

Oxnard is interesting you have to becarefull there are areas that look ok but I wouldn't touch if you are looking in Oxnard have a good realtor on your side that knows the areas. Look into some of the areas I mentioned in my previous post.  I have Property just outside Nashville Tennessee and am currently in the process of buying 3 properties in Charlotte NC. I was boots on the ground for the one in TN spent 2 weeks looking for and doing the due diligence on the property. In Charlotte I have enough contacts that I've paid someone else to do almost everything. I have people make detailed video of properties before making offers and plan on using my contact to monitor contractors during the rehab on one of the properties remotely. I've never been a fan of Texas mostly because of the high property taxes and it seems everybody else like Texas.  

I have 2 properties in Ventura County and few others in the IE and out of state. Right now its almost impossible to cashflow with SFRs and the Rehab market is also very competitive. Multis can still work one of my Ventura Properties is a Triplex I bought last year it cashflows very well things have tightened up since then but if you look hard enough you can still find cashflowing multis. I personally think some of the areas of the county that were previously very rough but are gentrifying are your best bet. Montalvo, El Rio, The Ave in Ventura, Santa Paula, Casitas Springs and the other areas on the 33 between Ventura and Ojai. I would still stay away from La Colonia and parts of South Oxnard then again there are parts of south Oxnard that could change with the Ormond shores project if that ever happens.