All Forum Posts by: J. Martin

 Steve,

I'll give you a free ticket to the Summit on 8/27 & 8/28 if you want to come down to say hi to everyone in person ;)  Trek down with Troy Fisher and the rest of the Washington crew.. ;)

@Gabriel King,

Good question for @Chris Mason,

Thanks for posting your off-market property. Don't usually see cap rates advertised on condos, but couldn't quite get to 6% unleveraged cash flow with my dull pencil over the longer term.. Probably on a month 1 basis.

Good luck everyone, and hope to meet the rest of you soon! :)

@Julie L. also has some good points about the listing dynamic right now.  Things are a little funky, and it sounds like you're not playing the market's game..

Do you mind sharing the listing, or at least what neighborhood you're in..?

I haven't sold any of my properties in Oakland or Richmond because they produce good cash flow relative to the after-tax proceeds from a potential sale. And the valuations on market rents (~10 GRM on lower-end properties) are not totally out of whack, because there's still a bit of cash flow there. But I think they will be worth less than today at a later point in time most likely (lower-end more susceptible to economic cycle).

What do you think about these questions..?

Best of luck! And welcome to BP! :)

 Awesome Kenneth! Are you coming down with @Troy Fisher and the Washington crew..?

Regarding tax issues, @Bill Exeter will be out to talk about 1031 exchanges, which saves boatloads of cash. You are correct that there is currently no CPA. I personally reached out to call @Amanda Han and did not receive any response. :(  If you can get ahold of her though, would love to have her out.

@Brian Armstrong,

Do you know @Danny Shepstone or @Tariel?

@Troy Fisher,

Who else do you have in the entourage coming down from Washington / Seattle area..? @Tiffany Plovie? Some other meetup folks..?.

@Brie Schmidt, how about from Chicago area..? I know @Danny Duran is coming out again. (Looking forward to seeing you both!)

@Al Williamson and @David Oldenburg, how about from Sacramento? I know @Sergey Tkachev is in, but not as familiar with the Sacramento names..

Hi @Israel R.,

Welcome to BP! I invest in the East Bay in Oakland and Richmond, and have some other furnished rentals in Silicon Valley. But there are lots of Bay Area investors buying stuff from San Jose to SF to Pittsburg and Stockton and everything in between..

A bunch of us will be meeting up in late August for the weekend in Oakland to network and talk about real estate - in state and out of state - all different areas of CA.. connect with others investing all over and see what's working.

There are also local meetup groups you should check out.

I think the closest good meetup group is @Beau Eckstein's, near Walnut Creek.
There are a lot of Bay Area investors here investing locally and out of state, so you should be able to connect with similar folks :)

Best of luck, and feel free to tag me on the forums. Hopefully will see you soon at a local real estate event!

@Paul Trujillo,

You're on the right path ;)

"The best time to plant a tree was 20 years ago. The next best time is today!"

I'm with @Arlen Chou. Networking has definitely given me the ideas and contacts to blow up my business. Come out to the Summit if you can make it, and go meet some of the folks first who will be coming, at @Johnson H. and @Jeff Pollack's meetup down in San Jose in your area. (Milpitas actually, for Johnson's now..)

There are a million ways to make money in RE, and millions to be made ;)

I'll meet up with you for a beer when I get back from my cross-country road trip next month ;)

ATTENDEES SO FAR.. THANKS FOR GETTING YOUR TICKETS! 
1) TAG A FEW FRIENDS PLEASE, and your favorite speaker
2) Click "attend event" at the event headline at the top of this page, so people can see your profile..
3) Add the Summit URL to your BP profile with a shout-out if you really want to help out ;)

IT'S GOING TO BE AN AWESOME TIME!!!
First, to my moderators.. Thank you!

@Arlen Chou, @Shane Pearlman, @Johnson H., @Jeff Pollack, @Christopher Porto,
Attendees, stoked to have you all out! And a special shout-out to @Sergey Tkachev! You too @Troy Fisher! Thanks for helping spread the word! And of course @Daniel Hernandez, @Al Williamson, and @Michele Ling for helping on planning :)

@Benjamin S., @Jose Belman, @Brandon Foken, @Danny Duran, @Account Closed,  @Timothy Farrell, @Charles Ma,  @Raimondo F., @Anna Myers,   @Matthew Ryan, @Account Closed, @Tony Rishell, @Nawien Sharma, @Omi C., @Matt Mason, @Julia Latreille-Favre, @Ben Dunning, @Doug Chinn, @Ofer Dallal, @Debby Chen, @Bing Lee, @Tim Kunz, @TOny Y, @Ryan Arth, @Stan K., @Ganesh S., @Peggy Liu, @Kathy Kalaba, @Neil Evangelista (thanks for help volunteering!) @Igor Zaytsev, @Amar(deep) Sandhu, @Rahul Bhatt, @Penn Viengxay, @Jody Ryden, @Sandeep S., @Raman Bindlish, @Sandeep Arora, @Andrew Cabello, @Katie P., @Warren Tseng, @Enrique Saucedo, @Faiz Sadez, @Kali Braunschweig, @Michael Merritt, @Gabriel Baltierra, @Richard Townsend, @Aaron Henretty, @Charlie Brown, @Navraj Bawa, @Avineet Garg, @Amar Sandhu,

And quite a few others from outside BP.. ;)

We'll have 300+ attendees from around the Bay Area, CA, and country, in addition to about 30 awesome speakers to connect with! So don't miss it!!

www.sfbaysummit.com

@Noam Birnbaum,

Have you gone down to the planning dept at Frank Ogawa and talked to them? They'll show you the zoning, set-backs, FAR, and a bunch of the other requirements you'll need to fit within. It's the best place to start.

I agree with @Ryan Hopkins on his advice, and don't forget that you will probably be adding more value to your property than the construction cost. You can probably even finance it, and earn great positive cash on cash on the rental. What neighborhood of Oakland is it in? Just looking at the payback on the capital, without added value to the property is only half the equation.

You might be able to find a builder out in Stockton that will commute in.. But hard to find good work at a decent price.. @Nhi Nguyen, @Christopher Porto, @Shiloe B. might have some ideas on building costs..