All Forum Posts by: Justin R.

@Julien Amparan Yes you should wait. Everyone should wait....... Except myself

 Great advice. Thank you for your words, and service!

 No, I live out of state and rely on a PM. The PM has less experience with Military so I offered to research this market

@Mike Gordon Depends on the tenant and local rent protection law. If you're in an area with a rent increase cap, you better take that % increase every year you can, if you don't you will never catch back up.

@Nathan G. Thanks! I have heard word those times of military being held accountable by their chain of command for landlord issues are gone. With that being said, I would still assume the vast majority of military folk are honest people and willing to hold up their end of the bargain.

Thanks for the advise on contacting housing for advertising!

Hello All. I just finished a renovation of a 18 unit apartment complex that happens to be near a few military installations. As a veteran myself, I would love to offer military and families a discounted rate, and a reduced deposit.

Has anyone done any special marketing for military? What is the best way to reach out and do so? Am I able to market the property through the local bases?

Thanks for any insight!!

Sorry Im late to the thread. It's hard to go wrong in Ventura County. If I was to tell someone where to raise a family in Ventura county (this is VERY generalized) I would say "Anywhere other than Oxnard, Los Feliz in Thousand Oaks, and the "Avenue" in Ventura."

With that being said, there are some great areas in Oxnard, and the Avenue and Los Feliz are both trending upward. With that being said, If I was to buy an investment in VC today, I would probably buy in Oxnard. Some areas are gang heavy, but most residents are great hard working blue collared folks. The cap rates in Oxnard will be higher than the rest of VC. If you have any particular questions of any area send me a DM. Best of luck!

You don't just factor in the loss rent X number of months. You have to factor in the loss of gains within that time frame which your capital is getting a zero return. 

Exactly what @Antonio Cucciniello said. You need to bring one of those qualities (MONEY, TIME, EXPERIENCE/KNOWLEDGE) to the table to be relevant to a partner. If your looking to apprentice/intern for a successful investor you can also bring a service. Possibly offer a skill that they may need or are lacking (webpage development, efficient systems, bird dogging, office management, marketing, whatever.) Covid has definitely placed a damper on networking like you mentioned but there are still plenty of digital conferences as well. Join all of your local REIA groups and be an active member. I would also let everyone know that you see (family, friends, new acquantances) that you are taking a leap into real estate and you are looking for XXXX (a well defined goal/plan/objective.) Guaranteed even Aunty Suzy and Sara from College know someone in the game.

Lastly, don't let the lack of partnerships stop you from becoming the best investor you can become. I invested for 8 years prior to ever working with a partner (although residential does have a perceived easier barrier to entry.)

Best of luck on your venture and congrats on being debt free!

Im confident they will extend well into 2021. This isn't just delaying the inevitable, it is actually compounding the inevitable evictions from a quantitative manner while disrupting economy, placing all the weight on landlords and banks.

Every single tenant that has came to me and asked for some relief during Covid I have empathically obliged, as Im sure the vast majority of investors would also do. This moratorium is really a way for the few selected tenants to take advantage of the law, or not go find work in a different field. Yes, your job at the retail shopping center may have you laid off, but there is nothing stopping you from applying at the UPS, Amazon, Door Dash, Uber Eats, cyber security, medical suppliers, protective equipment, or any essential workers positions.