All Forum Posts by: Jeffrey Isenberg

Welcome to BP @James Yoo and congratulations on your transition to RE full time.  There are tons of resources here to help you on your journey. 

One of the RE Meetups on September 12 referenced by @Anthony Rosas may be the one hosted monthly in Sherman Oaks, CA  

Below is a link in case either of you would like to attend an informative presentation with networking in a relaxed setting

https://www.biggerpockets.com/forums/521/topics/60...

Thank you.

Thanks to those that have RSVP'd so far.  We will be looking forward to delivering an educational presentation.

@Account Closed is also correct in that studies have shown that rent control does not create affordable housing.  Artificially tampering with a market economy only creates the adverse effect. 

Although the repeal of Costa Hawkins would pave the way for local rent control ordinances at the city level, most city governments are aware of the adverse effects and would not go rushing in that direction without further investigation.

Don't get me wrong, affordable housing for many elderly and low income renters is needed as rents have skyrocketed in these markets.  However, rent control is clearly not the answer.  

There are definitely some valid points that have been addressed and of particular interest those on CA real estate.   As a buy and hold investor in the SoCal Market, it is important to consider that without over-leveraging that what happens in the short-term will have little effect on an overall investment plan.  Get Rich Slow, it's a long term play.

The three recession/recovery cycles prior to 2007 in the South Bay area of Los Angeles played out as follows:

1967-1981

4 year downturn of $1.00/sq. ft. or 5.6%

11 year recovery of $69.00 sq. ft. or 406%

1981-1991

1 year downturn of $1.00/sq. ft. or 1.2%

8 year recovery of $55.60 sq. ft. or 65%

1991-2007

4 year downturn of $26.40/sq. ft. or 18.8%

12 year recovery of $216.00 sq. ft. or 189%

No need to wait for the big drop as there is really no way to tell when it will arrive and real estate does not always move in line with the stock market.  Invest conservatively for the long term in appreciating markets and you will prosper.

@Harinath Pottam We will look forward to seeing you.

Please Join us for an informative presentation with Panelists from Buckingham Investments as we take an in depth look at the process of Multifamily Investment Transactions from Offer to Close! Whether you are just starting out as an Investor or are already underway in building your portfolio, this Meet-Up will provide you information that you will need to know and is not to be missed!

Schedule as follows:

5:30pm-6:00pm Networking

6:00pm-7:15pm Presentation

7:15pm-8:00pm Q&A & Networking

Please RSVP and we will look forward to having you join us in a relaxed and casual setting.   Please come early for networking and support our host venue Te'kila by ordering from either the Dinner or Happy Hour Menus.  Thank you.

@Anshul Jain Welcome to Bigger Pockets!  Please feel free to join us on September 12th.    BTW @Alex Bekeza The quesadillas are pretty good too!

@Alecia Ashby  Check Back in the Events Section towards the end of the week for our September Meetup Announcement. We will look forward to seeing you at the next one.

Thanks for the referral @Alex Bekeza and we missed seeing you this Wednesday.  I will reach out to @Michael Glotfelty and hope to be a valuable resource to you.

Thanks to all who attended as well as our presenter Michael of Borba Property Management for making this event such a success.  Next month's topic will be announced shortly and looking forward to seeing everyone in September.