All Forum Posts by: Jay Hinrichs

@Dawn Anastasi   when I was in acquisition mode for sfr's a few years back.. that is what we did  I had investors that wanted to invest but they would not do deals for less than 500k... so we just got 500k worth of stock in escrow at the same time and closed on it all at once... it depends on what structure the crowd fund wants to do IE debt or equity. In our case it was debt with a profit share at resale. 

@Mike Nuss   so I can just show up at your next meeting ?

@J. Martin I agree with you I was buying lots at tax sale in east Palo Alto for 2 to 5k each late 70's and you know what a war zone that was then. Lots there today are probably pushing 500k if you can get one... I was contemplating picking up a lot in Santa Clara county so have been looking at MLS daily. Lots in pa are 2 to 10 mil... S the other parts of the bay will eventually suck up east Oakland.

It's happened in chareleston sc were I have 6 new builds going on infill this area is and has turned the old owners are selling out new hipsters are moving in and what maybe 3 to 5 years ago were lots that no one would buy.  They are going for 75 to 125k the day they hit the market.   And soil flood and survey are due diligence items there as it's all sand and a lot of fill one lot I did a soil test on and rejected had car,s buried 5 feet down. Lol

You will be fine if I used the hey you don,t get any cash flow argument that op have posted I would have never bought the 4 acres I own in Rohnert park that is now directly across the street from the casino and is coming into the city as mixed use resi.   I paid a little mire for that one than you are. 27k.  But that was in 1995.   So ya no cash flow and tax,x of 250 a year ... But I have now a multi million dollar property it is money in the bank.. Buying a 27k cash flow rental would  in ca at the same time would not have been as lucrative in the long run

@Aaron Mazzrillo    Yup.   Brian Burke and I own the same aircraft... Great for getting around the west coast only way to make it to Maui is to rip out all the seats put in fuel bladders take off from Cental cal.  And 14 some hours later and some serious white knuckles end up on vapors landing at Kahului ..   I think I would rather buy a rental in Detroit lol

@Mike Nuss   Love to contribute.  D Scott and I were partners I started Silverado FYIFYI

@Jamal Atwell   PS I am writing this post from my condo in Hawaii... Living the life I deserve because of real estate...   Lol.  Seriously I started as an agent at 18 in ca. And 40 years later it was the best move I ever made.. Rentals will come. You may not even like them..   I know I personally don't care for landlord in gorgeous pm lording.. But I j

Have owned hundreds of rentals over the years.  Just looking for simpler things

@Dawn Anastasi it's just too much work for such small deals... If you could put 10 to 50 of your type properties together so there would be a 500k plus deal that would be more feasible I would think.... Think big

@Jamal Atwell   I want to give you something else to consider.  Save your money your far to undercapitalized to be buying a rental. Put the money in the bank get your re license and start by joining a good team. Like a Keller Williams team you will make far more than 100 a month. Once you have Experince and more capital you will then probably decide what a good deal is .  Last thing you want is one rental 5 states away.  

Having access to MLS you will soon realize what a deal is and what is not plus you will just do deals for yourself or others. @?jameswise. Check out what James does with investors he is a broker and buys and sells in his market

@J. Martin wow lots of feedback on your lot play.. I suppose so those that don,t know the Bay Area  the reason it's that cheap is location in a rough part of Oakland. 

It's really pretty simple

1.  Planning

2 utility status

3. Survey for potential boundary issues 

I seriously dought you need a soils report.. The soil conditions are far different in the areas the op are talking about 

Probably the only risk is if the neighborhood continues down not likely over time in the Bay Area

@Mike Nuss   Checked out your website.  One thing I noticed is your bus tour is under priced by 40,000.00.  Out of state gurus do the same for a little more dough. Looks like a nice value for a local portlandian.   Did you host the reia that Anita and Courtney run ?