All Forum Posts by: Jason McKinley

Quick update:

I have two properties under contract at the moment. Looking to close next month. Both were found through my PM and her network. Looking at possibly picking up a SFR from a wholesaler as well. So far so good. Just waiting for the inspections.

Hi Ryan,

I am stationed in CA but originally from Indiana. I agree the out of state grass is definitely greener for me. Thanks to BP I have a great team/network established and am soon pulling the trigger on my first bundle of properties. Welcome to BP and wish you great success. 

Cheers!

@Gary Swank

And Marines!!!

May they never be forgotten. Rest easy brothers and sisters.

We are in Temecula, but not investing there. We do own our home here, but once it is time to PCS (if that ever happens again) we will sell it and cash in the equity. We are not interested in the least in owning a rental in this market. Its a GREAT town and area, but the risk outweighs the reward for us. We are looking to be able to retire from here as my duty station options are limited. So this property is strictly an appreciation/loan pay down investment in our future and not a future rental.

Good luck in the future. I wish you the best.

That is sad. I hate when we don't take care of our own as Marines former or not!

I got really lucky with my PM! We found her by accident really and even with that bad tenant over the last three years our property has only been vacant for a few weeks! We have been very happy with her and she has taken good care of us. Her husband is a Marine too so it proves we DO take care of our own...most of the time at least.

@Mark Pedroza

Thank you Mark for your support. It's really an honor and my pleasure. Its fun getting paid to shoot guns and blow things up haha.

Hey Kai,

Active duty here myself. I live in California currently and can totally understand your frustration. I have dealt with a bad tenant at my property in SC and it was difficult to deal with from across the country. Luckily I have a great property manager that was able to take care of it without too much involvement on my part. IMO you will most certainly pay more in legal fees than you will ever recoup from these people. If you factor in a retainer (close to $5000 if not more) and then the wasted time of LONG legal processes and stress from dealing with it your probably better off just learning from it and moving on. If you find you learned something from the situation and your not going into bankruptcy because of it, then I think your in the positive. I'm sure it would feel great to "stick it to them" legally but the juice probably isn't worth the squeeze. Just my humble opinion.

Do you self manage or do you have a property manager?

Thanks guys! I will be in touch.

Hey everybody, 

Just got approval for a portfolio loan from one of our local banks. I was just in town a few weeks ago looking at properties so now its time to put some offers in. Looking for duplexes and possibly a mix of duplex and SFHs. Will keep you updated with info as things progress.

Cheers!

Just got approval for a portfolio loan from one of our local banks. I was just in town a few weeks ago looking at properties so now its time to put some offers in. Looking for duplexes and possibly a mix of duplex and SFHs. Will keep you updated with info as things progress. 

Cheers!