All Forum Posts by: Aaron Norris

We use First American based in Riverside and have for years.

If it was a fire and water was involved, have you checked for mold? Just another concern that will add to cost.

I see you haven't left any room for vacancy or repairs. This is strictly a price increase play then? If it doesn't work in your favor and prices go down slightly, will you be OK with that? Are you in it for the long haul? Big rentals can also come with HUGE repair bills when tenants exit. Example, if Yu had to replace the flooring in the house or paint, how much would that be?

We really focus mainly on single family and understand your concern on multifamily. I share your concern. Those prices got driven up pretty fast during the downturn. I've never invested in multi but I would probably approach it the same way I do single family. I'm more of a long-term guy. My family is best known for being flippers. But there's just something about boring cash flow that helps me sleep at night. And, having two exit strategies makes me feel much more comfortable in California. 

These are some of the biggest names in real estate from all over the real estate sector sharing their forecasts for 2016. There's no way for me to distill their awesomeness in a single sentence. That's like asking me if Bakersfield is going to do the same thing as San Francisco! None were expecting a California bubble pop in 2016 if that's what you mean. I can't cheapen the content because they all had some very smart things to say.

Perhaps he's setting up a charitable remainder trust or some kind of estate planning vehicle. He'll get a write off but doesn't get him out of capital gains completely. It just gets handled differently. I don't know of any California-specific legislation that allows you to SELL and get some sort of benefit. Giving it away, yes. You can do all kinds of estate planning stuff if you've got a team to guide you and a nonprofit that knows how to accept real estate. 

Do a search for "I Survived Real Estate." There is a video on the site featuring 6 industry experts and Bruce Norris interviews Doug Duncan (Fannie Mae), Leslie Appleton-Young (CAR), Eileen Reynolds (California Builders Industry Association), David Kittle (former Mortgage Bankers Association chair), and Sean O'Toole.  They have some interesting insight into the market and their forecasts for California in 2016 are pretty spot on. 

I'll be there! Thanks Christina. 

Is that who is doing that? They better not get caught in Riverside! $100 per day per sign!!! That will eat up your marketing budget pretty dang fast. 

@Cort Green I actually am interviewing Janet and Larry (CVREI organizers) on our radio show to air starting two weeks from now! Small world and I really enjoy them. 

There's reasons you'd want to cash out, exchange into other inventory, or stay put. Just really depends on where you are at in your career. I know handful of investors that are just DONE or are liquidating because real estate investing did what it was supposed to do for them. It was a means to an end and it's that time. 

Just found this slide of affordability from CAR to show cities in California and affordability. Still a few area where there is plenty of room to grow and rents are still more than the monthly payment. san Frnacisco, not so much.