All Forum Posts by: Jordan Thibodeau

@Ryan Heywood welcome to the forums! Congrats on taking the plunge. 

@Jenny Cunningham Woot! Thanks for joining BP and immediately having a positive impact on the community. We need MORE positive female role models in the investment community to show young girls that this is industry is not just for the boys. I would love to see more posts regarding a woman's perspective on RE investing. There are so many excellent female investors in this market, I hope to see more of them on the BP podcast. Hopefully you can post more about this group on BP because I believe it will dramatically increase the impact the group has in the RE investing community. 

If there's anything I can do to help contribute, please let me know.

@Joshua Dorkin& @Brandon Turnerhave done an excellent job finding female investors and hosting them on the BP podcast. Thanks Guys!

Jenny: Best of luck with your group! Keep us posted on how it goes!

Just a reminder. This is happening today. I look forward to seeing you all at lunch.

Welcome!

Make sure to listen to every podcast and read as many articles as possible.

I'll be up in Sacramento this weekend for an investors lunch with other bp members.

We are meeting at Cafe Capricho, 3269 Folsom Blvd, Sacramento, CA 95816 on Saturday, February 27th for lunch at Noon.

If you can make it Lmk.

You can directly add the event to your calendar by clicking here.

Thanks,
Jordan

Hi Everyone,

I'm going to be traveling up to Sacramento this Saturday and it would be great if we can meet for lunch.

Lets meet at Cafe Capricho, 3269 Folsom Blvd, Sacramento, CA 95816 on Saturday, February 27th for lunch at Noon.

Please RSVP by respond to this thread if you can make it or via BP messaging.

You can directly add the event to your calendar by clicking here.

Thanks,
Jordan

Jorge: Great.

Hi Everyone,

Lets meet at Cafe Capricho, 3269 Folsom Blvd, Sacramento, CA 95816 on Saturday, February 27th for lunch at Noon.

Please RSVP by responding to this thread or BP messaging.

You can directly add the event to your calendar by clicking here.

Thanks,
Jordan

Al: Thanks for setting this up. The event sounds awesome.

Originally I was driving up to have lunch with other BPers, I don't think I have time to for the summit because I have to leave at 1pm.

Are any BPers free to have lunch at 12:00PM to discuss Sacramento RE? The lunch would be before the event and it wouldn't conflict.  If interested please respond within the thread.

@Ben Leybovich, @Brian Burke

@Joe B.

@Joseph Caracappa

@Arlen Chou

@Manolo D. @Jason Hansen

@Jesse Hinaman

@Nic Williams Williams

@Cristina Ruffini

@David Hutson
@Craig E.
@Jorge Soto
@Gordon Cuffe

@Al Williamson

@Account Closed FYI.

We probably set up a calendar invite for this.

@Ryland Taniguchi doesn't make any sense? You're increase your debt on property A to purchase property B, if rents decrease (like did in our last recession) rents will no longer cover your new debt burden on property A and B which leads to losses. Essentially you're increasing your leverage on the hopes that rents and values continue to increase, such as when people trade on margin, they are essentially increasing their leverage. 

If you didn't leverage property A and the market contracted, your rents would provide you with significant margin of safety so you could still eek out cash flow.

If the RE cycle is in a growth period, you could do great. If you use this strategy on a RE peak, you could lose your shirt.

BP podcast 1 explains what can happen when this strategy is used recklessly. 

1. Depends on the market. If your unit's appliances are below market standards, an upgrade might be in order, but if you're over improving the unit, don't expect the upgrades to be paid for by above market rents.

2. I manage my property in Sacramento remotely so it is possible, but if you decide to use a friend instead of a license property manager I highly suggest you read this book.