All Forum Posts by: Jim Watson

Ok should have looked first. BP full explanation. Since (so far) I can't find a MU, maybe its an option altho I'd still rather be an active participant. Any one w/ experience?

I'm meeting w/ a high end real estate agent this week. He's mentioned commercial real estate syndications. Any one had experience with this? I've in the process of selling one of my rentals. I walk w/ 179 cash. I'd love to do a 600-800 multi family somewhere else other than CA (!) but not much luck finding. Target markets Indianapolis, Atlanta and maybe TN. Current Loopnet offerings seem to be the leftovers (low CAP, weird properties, bad locations, etc). I've called several brokers and will continue to do this. No interest in HML so looking for options. Syndication? I like actively participating in RE. I have Vanguard invests but RE puts money in the bank monthly.

Davis prices are ridiculous. I live here. The market's hot enough that anything decent sells immediately. I've done 3 Sac area flips that have worked out pretty well. Good luck w/ the flip.

Sorry to hear. I almost hired someone that presented himself as a contractor. When he asked for a 50% deposit to start, I knew something was wrong. Checked and found out he wasn't licensed. Told him the deal was done and he got very angry. Started yelling about about all the time he'd put in. I mentioned reporting him to the State of CA. He shut up and went home. 

Matthew, you're smart to be looking  to be looking at Indianapolis. Hard to be beat the prices compared to CA. I own 4 rentals in the Sacramento area and plan to cash out and buy in other states. Looks like I can double my net income easily