All Forum Posts by: Jake King

Hola, I recently submitted a buy proposal with my realtor for 1.5 acre water’s edge Smith River (NW CA) property which the owner is currently reviewing and is likely to accept. Raw land, municipal water hooked up, electrical pole on site, flat/level, problematic trees felled, some fruit trees, backs to National Forest, salmon/steelhead hole, no structures. 180k, 70k down seller financed for 5 yrs at 6%. I want to plant fruit trees and build a summer/ fall rental for families and fisherman. What are the cons for developing (slight) on rivers deemed WSR? Any holes in this plan I’m not seeing? Can anyone speak from experience?

Hola fellow FI seekers and real estate aficionados!   

My name is Jake.  I’m a 33 year old US Navy veteran working as a forester and arborist in beautiful NW California.  I’m brand new to the world of real estate and assimilating all the knowledge and lessons possible. My portfolio currently only consists of an ocean view coastal hectare situated in Chile. My home state (CA) is priced high, but there’s still opportunities around every corner. My goal is to obtain my real estate license and utilize this tool as a means to get the inside scoop on deals and investing in general. I have startup capital at my disposal (low 6 figures) and a practical approach to purchasing and selling. If anyone knows anything about this neck of the woods, (far NW CA) they know that it is um....unique, to put it lightly. But also filled with world class beauty created by MotherNature.  

No shortage of motivation here, I look forward to learning from everyone involved in this community !  Thanks 

Jake King