All Forum Posts by: Jesse D.

What part of San Jose is the home located in? I’ve managed properties in the bay for over 10 years and work as a realtor. Short term rentals have never been ideal, but depends on which area you’re in. The rate you have is so low, and real estate in CA, esp the Bay Area is finite. We haven’t seen much slow down and homes are still going for over ask. I’d hold depending on what area it’s in. The emotional thing is something you just need to get over and look at it as a business.

I would focus more on their rental history, call previous landlords to try to get more info on how they were as tenants/did they make rental payments on time/would they rent to them again. You can also go through rental history and see how often they moved/ask for the reason if they moved frequently. Hard to go by red flag words since they vary case by case, but I agree w/some of the previous comments saying when people say how good they are there’s something more to it.  

However, in my experience, some “green flag” words/phrases have been:

Always pay rent on time or early

Take care of the property 

Handy around the house

Love this neighborhood 

Don’t like to move around a lot (if you’re looking for long-term tenants)

Hello all,

I’ve had a few offers from people to provide capital for an investment property if I do the management/transaction (I’m a realtor). How do you guys usually structure deals? 

Is it as simple as putting together a word doc delineating what each party is responsible for and % owned by each? E.g., realtor (me) will manage property and be the selling agent/can put some of my commission towards the property & the other party will provide remaining capital? Along with an exit strategy such as once the property value hits $1M we sell and % profits distributed to each party? 

Is it set up as an LLC?

Any info/advice would be helpful, thanks in advance!

Hello everyone,

Curious to hear about your experiences with foreclosures when it comes to investing. Pros/cons? Would you recommend it? I've been browsing CA foreclosure listings.

Thanks! 

Hello everyone, my name is Jesse. I'll keep this as succinct as possible:

About me:

1. Licensed realtor since 2017; experience listing/selling property.
2. 10+ years of rental property management experience, very good at finding tenants that pay the rent on time, take care of the property, & generally stay long-term.
3. Experience working w/contractors/handymen, handling remodels, sourcing material, designing places from start to finish (trashed rentals to high end luxury homes), etc. 
4. Currently studying for broker license/not actively prospecting for new clients so don't have a steady stream of income at the moment but have some savings for investing

I have 2 questions:

1. Where can I find a mentor? I've been to some real estate meetups, but been unsuccessful. I know they say you can find one here - do you just put a post out or...? Do I even need a mentor?

2. If I find an investment property & want to partner w/someone to provide capital, how do I "structure the deal"? If the property is in CA, I'd be the selling agent & able to manage it/get it ready to rent out. Is structuring a deal basically drawing up an agreement that states who is responsible for what & how profits/losses are handled, setting up an LLC, or something else? Examples would be helpful!

Thank you in advance...open to any other advice as well.

Hi Tom, did you ever find any software to run the brokerage? If so, please share - I also used SkySlope in the past and am debating what software to use for my future brokerage.

Not having the ''know-how'' or knowing where to begin for out-of-state investing! I have been managing properties/dealing with crazy tenants for years in California, am a realtor, have design/remodel/project management experience, but for some reason can't figure out where to begin when it comes to out-of-state investing. My goal is to start purchasing multi-family in states such as AZ (but need to do more market research)