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All Forum Posts by: J. Martin

J. Martin has started 176 posts and replied 3654 times.

Post: Huge RE Networking Summit! SF Bay 8/27 & 8/28/16 - 20 BP Greats!

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925
Originally posted by @Arlen Chou:

@J. Martin your first summit was key point in getting me on the road to getting into real estate investments.  Hearing so many experienced people speak and meeting so many success/goal oriented attendees really pushed me toward implementing my plans in real estate.  To anybody who is on the fence about attending, take the plunge and sign up!   The lineup looks great and I am certain that this will be one of the best learning experiences for any new or seasoned investors!  Great decision to get this event going!

 And now the grasshopper has become the mantis!!! ;)  Glad you got so much out of it last time Arlen!! And great job on going out to crush it afterward!!! And for sort of convincing me to get off my *** and do another one ;)  Glad I had lunch with you that day too. You never know who you will meet ;)

Going down to @Johnson H.'s meetups and meeting everyone down in Silicon Valley - San Jose, Milpitas, Palo Alto - has been awesome! A lot of great people down there :) 

Last thing..

MODERATOR - Thanks for moderating one of the panels at the Summit also Arlen!!! Looking forward to it!!

Post: Huge RE Networking Summit! SF Bay 8/27 & 8/28/16 - 20 BP Greats!

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925
Originally posted by @Jennifer King:

@Dave Van Horn I need to hurry up and read your book! Those seem like great returns on a passive investment. :)

 Read up Jennifer!! I agree, good returns for a passive investment. I've been investing in my own backyard for so long, but with deals drying up, looking around for good places to invest some money..

Are you going to make it down from Bellevue Jennifer to see Dave Van Horn in person..? @Troy Fisher will be coming down from Seattle. Any BP folks you can tag Troy? Maybe you can all do a hippie caravan and bring folks from Spokane also, down through Portland and Eugene, down to Redding, and pick up some of our Sacramento folks like @Al Williamson, @Sergey Tkachev, @David Oldenburg ... ;)

Al and Dave, do you know some BP folks from Sac that might want to come up?.. Feel free to tag 'em! We're so close, and a lot of Bay Area folks are interested in Sacramento, so would like to have a good mix of Norcal folks too. And good resources for the Sacramento market. With you folks, we'll already be there, but the more, the merrier :)

Post: Newbie from the Bay Area

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925

@Account Closed also owns some property not far from my 4plex in Richmond. Maybe he can chime in also..

Elizabeth: "Richmond appears to be overvalued and has also recently enacted strict rent control and eviction policies. It is also known to have areas of high crime."

OVERVALUED: By which measure? Some of the most affordable $/sq ft in the SF Bay Area, especially when considering that you can hop on BART and get most places quick.. It's gone up a lot, but still the best rent ratios around also. I frankly think most real estate is overvalued in the Bay Area right now, but I think Richmond is not especially overvalued relative to the others. I saw a deal the other day on the MLS that I might have made an offer on if I was in town..

RENT CONTROL: Btw, the rent control is not in effect in Richmond, although it will probably get passed on the ballot in November I am predicting.. The prior council resolution was repealed..

http://patch.com/california/elcerrito/city-council...

CRIME/REPUTATION: Also, I thought it was funny the other reason you gave was the reputation.. How much time have you spent in Richmond? Walking the streets? Talking to neighbors, postal guys, corner store guy, beat cop..?

**The reason  the rent control and crime/reputation comments made me chuckle a bit is because it's what people have HEARD about Richmond. And the truth is mixed.. But most who have heard various things about it and written it off, haven't spent much time in it. Maybe you are the exception..

FERRY SERVICE: Ori, watch out how much faith you put in the ferry service. They have a difficult time with ridership justifying it, especially during economic downturns where ridership falls significantly.

Berkeley Global Campus will be huge, but being built over 30 years I believe.. Should be good for furnished rentals, Marina Bay, and that whole surrounding area ;)

Post: Huge RE Networking Summit! SF Bay 8/27 & 8/28/16 - 20 BP Greats!

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925
Originally posted by @Mary lou L.:

Is there a possibility of purchasing a ticket for Sunday? I just realized I have a conflict on Saturday. I haven't purchased a ticket yet!

 Hi Mary Lou, and glad you're excited about the event too!! Yes, you can purchase a single-day ticket on the website at www.sfbaysummit.com

I think @Ralph E. was also looking for a one-day ticket due to church. So added by popular demand!! ;)

Looking forward to seeing you all out there!!

Post: Huge RE Networking Summit! SF Bay 8/27 & 8/28/16 - 20 BP Greats!

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925
Originally posted by @Ben Leybovich:

Looks like it's going to be a short flight from Arizona for me, @J. Martin - moving to AZ within a couple of months. @Serge S. begged and begged, and I finally said yes...lol

 I just had lunch with Serge a couple weeks ago in Phoenix while I'm driving across the country,  and were talking sh*t about you Ben and @Brian Burke!!! lol totally kidding! So stoked the dynamic trio will all be together in the Bay :)

 Congrats on the coming move to AZ Ben!! After hanging out for a couple weeks at @Lynn Currie 's place in Austin (thanks so much Lynn! :), I understand why folks in AZ say don't worry.. because it's a "dry heat." I totally understand now!!!! I will say that coming out during spring training in AZ was a lot more pleasurable than late May in AZ. But if your AC is good, ain't no sweat! ;) bam! air conditioning double entendre ;)  The humidity in Austin is just nutzzzzzzz!!!!! (during my stay)

Ben, would you mind sharing the top 2-3 reasons you are moving to AZ?..

Post: Need survey for a plot in Piedmont Pines (Oakland, CA)

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925

Hi Raghu,

I'm actually out in TX near your right now, but maybe @Shiloe B., @Chris Porto, @Kyle Zaylor or @Benjamin S. can give you a reference..

Post: Huge RE Networking Summit! SF Bay 8/27 & 8/28/16 - 20 BP Greats!

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925
Originally posted by @Jay Orlauski:

I'm trying to get as many people as possible from our weekly meetup group to attend -  I think it would be great for them - I am looking forward to it - There is going to be a lot subjects I'm interested in - I'll be like a kid in a candy store!! 

 Jay, glad you can make it up! I have you down on the list. It's great to have representation from all over CA, so thanks for coming up from Fresno to participate! (And whoever can join you for this experience..) *Btw, I love that description too: "..like a kid in a candy store!!" Perfect ;) *

Who are the BP meetup leaders for groups in San Diego, LA, Orange County, Bakersfield, and Stockton..? Does anyone in these areas know? There are Bay Area investors interested in investing in other parts of CA (and the US). So I'd like to be able to have investors with knowledge and connections in these various geographic areas.. Any help is appreciated! :)

Post: Huge RE Networking Summit! SF Bay 8/27 & 8/28/16 - 20 BP Greats!

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925
Originally posted by @Rachel Bier:

Fingers and toes crossed we'll be able to attend...damn work! All the speakers sound great, looking forward to Dave Van Horn and the out of state related speakers :) 

 Call in sick Rachel!!! This can create way more wealth than a J.O.B.!! (That's why I quit mine ;)

I'm totally struck by the speaker lineup! Excited to meet all these people in person. With deals so scarce, there are a lot of investors looking at notes, out of state properties, etc. to generate some more cash flow with their capital..

NOTE INVESTING & OUT OF STATE INVESTING

@Dave Van Horn, what kinds of yields are you seeing on performing, higher-quality real-estate secured notes? @Chris Clothier, @Engelo Rumora, @Dawn Anastasi, what kind of yield do you think is realistic / targeted when you're looking for properties in your area..? @Brie Schmidt, you've talked to a lot of turnkey buyers and sellers on turnkey-reviews dot com. What's realistic for someone to shoot for on their capital? (Assuming they are a passive investor and not there pounding the pavement trying to find deals, or have their own reno crew...)

Post: Huge RE Networking Summit! SF Bay 8/27 & 8/28/16 - 20 BP Greats!

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925
Originally posted by @Shaun Weekes:
Originally posted by @TJ P.:
Originally posted by @Shaun Weekes:

@J.Martin

I would love to see if I can speak at this event.  I noticed a lot of investors are interested in conventional financing but aren't sure if they qualify etc.

 Bump

Was this answered?

One of the topics I'm most interested in.

 Unfortunately it hasn't been answered.

TJ P, yes, there will be lenders there. Shaun, I don't think we've ever met or spoken before, offline or on BP. I appreciate the offer, but I think we'll have a full line-up for the speakers, including conventional, hard money, private money lenders, and crowdfunding platforms. Thanks again for your offer though.

Post: New member from California, looking to invest long-distance

J. Martin
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,832
  • Votes 2,925
Originally posted by @Jeremy Hicks:

Oh wow, what an incredible outpouring of advice and support; thank you all very much!

@Sydney Hall It's a pleasure to meet you! Best of luck, and let's definitely keep in touch. BTW, never been to SLO, but I've heard great things :)

@Jo-Ann Lapin Thanks Jo-Ann; it's wonderful to meet you! I'll definitely be picking up that book, and basically any book BP has ever published. Over the past week and a half I've probably worked through about 15-20 podcasts as well on my commute. It's a ton of information for sure, but I'm enjoying putting the pieces together slowly to try and get a gameplay moving forward. Best of luck to you!

@O'brian R. Thank you! I'll definitely be looking into RE groups over the coming weeks and months, and doing my best to be as active and engaged here on the BP forums. Thanks for the intro to @J. Martin (pleasure to meet you!); I'll definitely check that group out. Good luck to you as well!

@J. Martin I think it's awesome that you've been able to get involved in the Bay Area, and, if you're open to it, I'd like to pick your brain over coffee or lunch sometime (my treat, of course!) just to get to know you, your approach, and to see where I may be failing in thinking I must look out-of-state.

@Mohammad Haidarasl It's great to meet you, Mohammad; let's definitely keep in touch! I'd love to sync on potential deals--if if just analyzing for practice and bouncing them off of one another--and, potentially, making some of them work for real! 

@David Faulkner Thank you very much for the advice; and that's something that I've mulled over heavily the past few weeks. Unfortunately, with my current line of work and needing to win over my wife on that one (that'll take a while...she's a Bay Area native :) ), that may not be an immediate option. I'll definitely be looking into what I can execute on in the Bay Area, though, unfortunately, cost can be pretty prohibitory in many facets. I'd love to pick your brain, if you're open to it! I'm sure there's plenty I'm missing re: investing locally in the Bay Area, even with the costs associated with it.

@Leslie Pappas Thank you, Leslie! Very happy to be here!

@Chad Clanton Hey Chad, thanks for your kind offer; just sent you a colleague request! I'd love to keep in touch, though I may not be an immediate investor as I'm really trying to a more solid grasp of the real estate world. But of course, you never know if the right thing comes along, and you've gotta be willing to take that first step eventually! Thanks again, and I look forward to staying connected!

@Paul Timmins Wow, thank you SO much Paul! That's a ton of great info and I'll definitely be reviewing it all. I sincerely appreciate it, and hope to continue to learn from you moving forward here on the BP forums!

@Ayodeji Kuponiyi It's a pleasure to meet you, Ayodeyi! I'll be checking out each of your links for sure, and will continue to "drink from the firehose" of information I've been coming across. Thanks again, and best of luck up in PA my friend!

@Alex Franks Thank you so much, Alex; that is great advice! I'm definitely focusing on the financial side of the house, properly saving, analyzing deals, cost forecasting (and then doubling it, for my first attempt to rehab and rent), but I've not given nearly enough though to exit strategy. Thank you for that reminder, and I'll be focusing on that a lot over the coming days and weeks. I'd love to stay in touch with you being in SC, as the greater Charleston area (along with Jacksonville, FL and the greater Atlanta, GA area) are three places my wife and I are looking at investing in (we'd love to settle down in the Charleston area one day, and having a local base for passive income would be wonderful). Just sent you a colleague request; thanks again so much!

@Tyler Roicki Thank you for your thoughts (I also received your colleague request as well!). I'd love to keep in touch over the coming months, and when I'm in San Antonio next (I'm trying to make it there more often to visit my family more than twice a year), perhaps we could sync up? Thanks again!

And once again, thank you all so, so much for the generous outpouring of encouragement and advice. It's definitely a 'scary' jump to take, putting so much money up and taking on all of the risk and responsibility that comes with that, but I know that as use the rest of this year to learn from books, meet ups, podcasts, and of course, this forum, I'll be able to replace a lot of the uncertainty with knowledge and confidence. Best of luck to you all!

 Jeremy, way to respond to everyone :) You get out what you put into it. So it looks like you're starting off right ;) I would be happy to meet with you for a cup of coffee, except that I am taking a cross-country road trip right now. I'm hanging out in Austin right now, then mozying my way to Nashville, to drop down to the Bonaroo music festival :) Feel free to give me a call when I'm on the road. Probably Thursday. Then intermittently Sunday and Monday..

If you REALLY want to pick some pro's brains, lots of the pro's on here from across the country, and all the Bay Area big hitters, will be in Oakland on 8/27 & 8/28 for the big Summit (check out my TinyURL signature). Gonna be an awesome time, and the goal is to come out making some more money!!! $$$$ And some good contacts! So make it out if you can ;)