All Forum Posts by: Brian D.

@Michael S. - oh, ok, thanks.  I found most of those, but didn't connect that it was the same as all the mentioned bp.com/blah.

Is there a page that lists all the BP shortcut links (e.g. biggerpockets.com/books)?

@Manolo D. - thanks for the reply.  Do you know what this type of county land lease program thing is called?  I can't find a resource to explain it.

I'm a newbie searching for my 1st investment property (hopefully multi-family) and I stumbled across a property under a 99 year ground lease by the Housing Authority of the County of Los Angeles (HACLA).

This is the only article I found about the program (though the specific property I found is not among those mentioned):
https://smmirror.com/2013/06/8-million-bond-to-fun...

Anyone have any experience/guidance on this?  

Is there greater risk to me as the investor in a property like this?  

If the County owns the land, that makes the property cheaper for me to buy, but of course the goal for the county is to provide affordable housing, so the tenant issues are expected to be on-par with a C-class property (worse?).  The property is 1hr+ from where I live, but I'd expect to use a management company.

Welcome, from a fellow newbie in SCV.

Was a Facebook group ever created for this group?  There were lots of great resources gathered and I don't want to miss further meetups of the group.

Slack has voice and video chat.

I think the accountability group idea is a great one, as I believe many a good intention falls into a nebula due to lack of self-motivation and accountability.  I feel I'm still too green to be able to contribute, but I wish you all the best of luck!

Catalino,

Full disclosure:  I'm just starting in the research phase and haven't done this myself.

But I would say two words to change the pattern you've gotten yourself stuck in: 

1. Momentum

2. Accountability

You're in a thought bubble, but the action is going on outside of your bubble.  Pop the bubble and start a new pattern - one of action.

1. Momentum - you have the time, so start doing something.  Promise yourself you're going to commit to this for 2 weeks.   You just need to start changing your habit of inaction.  Set an alarm for 10:00am every day for the next 2 weeks, and analyze 5 deals.  Use one of the calculators on this site, or another of your preference.  

2. Accountability - you're in the bubble by yourself. If you're not able to motivate yourself into action, make yourself accountable to someone else. Find a partner (identify local players; REI groups; BP) who will expect something of you. 

If you're completely against partners, or that would create more barriers to action, then just take the 5 deals you analyzed above, pick the one you like the best and post it on BP for feedback.  Does one stand out as a good deal?  Put in an offer!

There's an event tonight in Northridge:
https://www.biggerpockets.com/forums/521/topics/482869-networking-lets-grow-our-network-san-fernando-valley-and-la