All Forum Posts by: J. Martin

@Mike McIntosh,

Along @Paul Timmins's recommendation, @Al Williamson and @David Oldenburg and @Tapan Trivedi all have meetups in the Sacramento area, to learn more and meet with other investors, and grow your biz. I agree and highly recommend.

@Kim Stofan, are you going to join us also..?

Mike, I know it's a lot of info.. But it's like eating an elephant. One bite at a time ;) And meeting others who are making it happen goes a long way :)

@Bryan O.,

For a person that sells real estate as a business....

"If the market is down... BUY!!!
If the market is up.... BUY NOW!!!"

Look at the OP's post. It looks like it is a copy and pasted marketing email, with a link to what he is selling. Take it for what it is..

 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 ;)