All Forum Posts by: J. Martin

Hi Ofer, and glad you can make it out to the Summit! I marked you down on the list!

Why is this agent better than the rest, for you? Has the agent gone above and beyond to help you out? How many other agents are asking for exclusivity agreements?

Personally, I absolutely WOULD NOT sign an exclusivity with a buyers' agent in the Bay Area unless you have a phenomenal reason to do it. (They are bringing you all kinds of crazy good deals?). I usually go directly through the listing agent. Unless you really need the agent to hand-hold the whole time, show you a million places, and they are so far into it, they want some kind of commitment you are going to stick with them.. I don't think it is standard practice. None of the investors I know buying properties have one with their agent. First come, first serve. Bring the deal!!!

I agree with you about building long-lasting relationships and not cutting someone out of what they deserve. On the other hand, I think that long-lasting relationships are built on deals getting done, and mutual benefits to both parties - not just on contractual commitments to work with someone if something gets found.. Of course, I'm not an agent hungry for commissions! So some of them can come rip me a new @hole about how agents' time is sacred and you now have a lifelong commitment to the agent once you ran into them on a street corner one day.. (OK, sarcasm.) But to each their own!! Good luck Ofer! :)

*Edit: I was trying to be diplomatic and poke at why you want to sign one with this agent.. but I'll just refer back to @Chris M.: "Hell No!" lol That's what I meant..

Here are a bunch of folks on my Summit meetup group..

And again, the soft-launch site for the Summit.. How do you all like the site and speakers? Going to make it out? Anyone else you know who might want to go..? (please tag!)

www.sfbaysummit.com

@Troy Fisher, you're coming down from Seattle, right?    @Cindy Blanco, @Tim Garcia, @Ken Lau, @Chris Music, @Ganesh S., @Ryder Meehan, @Jonathan K., @Eric Yang, @Eric Giovannucci, @Tariel G., @Alan Malicse, @Gagan Johal, @Dianna Salinas, @Scott Hayes, @Kevin Young, @Judy J.... Can you all make it? (check out the website above..)

So far, we have speakers coming out from areas like Austin, TX; Portland, OR; Philadelphia, PA; Sacramento, CA; Atlanta, GA; Dayton, OH; San Diego, CA; Bakersfield, CA; Milwaukee, WI; Chicago, IL; Fort Worth, TX; Seattle, WA; Memphis, TN; Toledo, OH, and attendees from many more!

No matter what market you are interested in, there should be someone there to shed some light on it!! :)

@Sergey Tkachev,

Thanks for tagging everyone! :)

PRE-SALE TICKET HOLDERS

Here are the ticket holders I have so far: @Ben Shapero bought the first ticket, Sergey Tkachev, @Jose Belman - I have confirmed all your tickets! You are all paid and ready to go!! It's going to be an awesome time!!

Are there any other speakers you want me to try to add? Do you know any other investors who might want to make it out? Tag them or let me know, and I'll try to get them out!! :)

@Tim Kunz,
" just bought my ticket, looking forward to it. I attended the Summit at the Guild a couple months back and found great insight from , @Al Williamson, , and yourself. Met a lot of great people and looking forward to meeting a bunch more. Site looks great!"

I received your payment for the ticket and added you to the list. Glad you can make it down! @Al Williamson 's Summit at the Guild was a great time! I always love picking Brian's brain, and great meeting Ben Leybovich in person for the first time. I wish I would have listened to Al a long time ago about furnished rentals!! Even after blowing up my business, I bought his course as soon he released it. Learning one tiny thing can pay back so much money and time in this biz, so I love learning from others :) (and it did!)

   @Arlen Chou, who will be moderating one of the panels at my Summit, was nice enough to drive us up to Sacramento for Al's Summit, and come out for some drinks with me the night before ;) There was a great group from the Bay Area (and some outside) who were able to come up. And tons of awesome investors! I think I saw Sac, Roseville, Davis, Rancho Cordova, and even Fairfield, Santa Rosa, and Stockton I believe between attendees and investments.. Al had quite the turnout!

@Jeremy Moura has a meetup in Walnut Creek I believe. And check meetup.com . There are lots of good ones in the Oakland & San Jose area also, but would be a longer drive for you..

@Jeremy Hicks,

You're in good company! BP rocks! And thanks for the shout out @O'Brian R.! I think @Johnson H. will be continuing my meetups when I'm gone..   I own property in the East Bay, but recently have been expanding my furnished rental business more into Silicon Valley to accommodate all the tech folks you're involved with, moving into town ;)

I haven't invested out of state, and takes research. But people make it work. It seems like having some connection there (like you do with San Antonio) seem to be a popular strategy to get started with it also.. I particularly love the Bay myself :)

I'm actually in Austin, TX right now hanging out with Lynn Currie from BP - so not too far from where you want to invest.. A lot of folks buying multifamily in these TX metro areas.. Hopefully will work out well for you.

@Brian Burke, @Brie Schmidt, @Chris Clothier,  @Dave Van Horn, @Lynn Currie, @Al Williamson, @Bill Exeter, @Bryan Hancock, @Elizabeth Colegrove, .. You were all there last year, and will be speaking on 8/27 & 8/28. Excited to have you all out!!! :) What did you think about the last Summit? What did you like about it last time? (Networking, speakers, happy hour, vibe..?) What are you looking forward to this time? What other speakers and investor attendees do you most want to see, or think should go out and participate in this event? (tag 'em please!) Ready for lots of Q&A time with the attendees? Maybe some drinks and a lot of laughs too..? ;)

Soft launch of the website!! :) What do you all think? What speaker do you most want to see? (tag them!) And anyone you want me to add to the speaker sessions? Also, please tag a few friends that you think might like to join! I will be selling "extra-pre sale" tickets for $245 for the next few days (see first post in this thread if you have a problem with the tickets link on the site).

@Amit M., @Account Closed, are you all going to make it out? A few folks you can tag that might want to come...? It's a kick-*** list of speakers and investor attendees so far!! :)

@Leno Bellomo,

I own several properties in Oakland and Richmond, including a duplex in West Oakland and 4plex in East Oakland, and some real estate interests in Eastlake by Lake Merritt and North Oakland near Temescal. I also sort of have a crush on Oakland Mayor Libby Schaff ;)

I shared some of my perspective about SF Bay market valuations here earlier this year, and haven't updated it, but my feeling is about the same. I prefer to be buying when unemployment is high and improving, rather than low and approaching where it historically starts reverting upward again (and prices flatten or decline..).. But that's just me..

https://www.biggerpockets.com/forums/311/topics/26...

@Sydney Hall, I grew up in SLO county, went to Cuesta before transferring up to SFSU, and spent most of my childhood on that beautiful coastline.. :)  We'll have a meetup there in late July when I'm back if you want to join!

@Herb Suvaco, I like the 203k program if you can get a seller to accept it instead of a cash offer in Oakland.. Yes, Richmond is dramatically different, although some parts of them are surprisingly similar (like some parts of East Oakland and Richmond are very similar demographics, pricing, rents, etc, except no rent control in Richmond.. (for now). In addition to my Oakland interests, I have a 4plex just south of the Richmond BART station (my very first purchase in 2012 with an FHA loan) and a couple single family homes over by 8th & Virginia Ave. The areas are actually better than I thought. (Without super high expectations.) @Johnson H. should be continuing my meetups in SF while I'm gone. Go out and meet some folks!

@DG A., just curious... why do you ask if Leno has owned investment property before..? What were you going to share, that you did not..?

@Ryan Landis, couldn't agree more with your goals.. Leno, what exactly are you trying to do? Suck it up and make maximum cash flow..? Or find a great place to live where you can less than rent or close to it after principal paydown, and personally live in that new purchase for a long time..? (and with other people/family/partner..?)

@Edward Chan, I agree it is tough right now, and I don't really like the valuations. But there's a lot of people who are still making it work, either by finding the upside and time in a deal, or biting the bullet and renting out bedrooms in SF to make it cash flow.. I met a guy the other day who called from BP and showed me how he can make almost any single family home in SF cash flow by renting rooms.. and he doesn't mind taking the time to do it, for the upside.. Good for him!! (He's just looking for more capital to buy more houses now.. ;)

@David Dye, that's why I originally ended up going to Richmond after looking in Oakland. Cheaper and better cash flow. But eventually was able to circle around and buy my real love <3 ;)

What do you think about the website..?
www.sfbaysummit.com

And here's the original posting with the details:

@Jonna w
Hope you can make it out again this year! :) I'm really excited!!! Awesome group of speakers..

@Jonna Weber,

@Omi C., You're in! I got your payment through Paypal. Glad you can make it out again this year! Any feedback, advice, or people you can tag who might want to come out?

@Ames Foley, Definitely don't miss it! :)  I haven't been to Millstadt, but @Brie Schmidt will be out from Chicago, along with so many other great folks!! :)  Anyone else from your area that might want to come..? @Shelly F. , can you make it? Will be Oakland Marriott Civic Center, and they should be sending us the group rate code tomorrow/Tues so everyone can book. Go ahead and book your flight and get a ticket to the event! And be sure to bring some more of the Chicago contingency out.. Tag 'em on here!

@Ofer Dallal, I received your payment also, and you're all set!!! Thanks for jumping in so early for the super-pre-sale tickets :)

@Account Closed, Thanks for coming out to share with everyone!! Excited to have you out!! :)

What do you think about the website..?

And here's the original posting with the details: