All Forum Posts by: Jeff He

I'm in Moco, would love to connect! Let me know what questions you have

Jeff, do you completely wholesale the deals you find, invest in them solo, or invest with the people you wholesale to? 

As wholesalers, do you measure "customer acquisition cost", where the customer is the seller. If so, what's a good customer acquisition cost?

Welcome to Bigger Pockets! Totally get that it might be scary starting off but you're in a great community of folks who are quite helpful.

@Shiloh Lundahl

Great post! Thanks for sharing.

If you make enough cash flow to replace your W2 income, you're probably overallocated to real estate anyways. Should rebalance your portfolio into more equities and other alternative assets.

I agree with your approach of seeing if the seller would be willing to be negotiated. Overall, if it meets your cash flow criteria, I would still pursue it.

There's going to be deals, albeit harder to find than years prior. If there are wage increases, it will support a higher rent base going forward, which I think will be the case. What is the minimum cash on cash return that you are looking for? 

Typically, the rent is going to be quite high vs being a regular renter. If you wanted to buy a property as an investor, you would probably be better off house hacking than leasing to own.

From my glance at the market, it looks like if you're doing LTR you'll have to look at areas like Fresno or Bakersfield. Those seem to be the areas where rent will support the purchase price.

However, if you're doing STR you can make LA or San Diego work because the monthly income you can pull in is going to be much much higher than a long term lease. You might also want to consider areas like 29Palms or Joshua Tree for STR (this area will have a lot more seasonality than LA or San Diego though.)

Disclaimer: I currently don't own any units in SoCal. For personal reasons, I have my capital allocated in other states for the time being.

What criterias are you using  to evaluate them? What about them really interests you?