All Forum Posts by: J. Martin

 Glad you're so excited about it, and can make it out to the Summit Mary Lou! I agree most of the good info is here on BP, so that's why I'm bringing most of those folks out ;)  Also, to others' points, it's definitely a hustle when the couple hundred dollar event is just a hint at the education or coaching they can buy for $5k, $10k, $40K++...

Just go network with others and get some deals. Don't just pay tens of thousands for a mentor who only cares about you because you are paying them. Go form some real relationships with people who want to see others succeed. That's what it's all about!! :)

 hahahahah I totally understand.. People love their sports!! ;)

Yes, you can get a one-day ticket. Just scroll down the home page at www.sfbaysummit.com to the ticket portion below the speakers, instead of clicking on the "buy tickets" tab on the side..

"..but wow this event I feel will add to the life changing experience of REI!!"

And I agree!!! ;)

 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!!

 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 :)

@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 ;)

 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!!

 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?..

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..

 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! :)

 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...)