All Forum Posts by: Jonathan Pflueger

@Chatree C.

I think this is a great idea, but as @Terence W. said "it really boils down to how much you purchase the house for." As the saying goes, "you make your money when you buy."

As a first time investor or even a smaller investor its hard to find a level playing field in the Bay Area. There are so many buyers with cash, more experience, bigger networks and infrastructure, and the list goes on and on... The trick is finding an equalizer or something that allows you to compete with theses types of players. Live in flips will give you a competitive edge when making offers and analyzing deals and allows you a way to compete. 

Best of luck! 

@Harish Maiya

I forgot how expensive it can be to build in Ca! $200k for 600 sqft unit is lot of money for something that small. What is your endgame? Why do you want to build an ADU? Is the $50k burning a hole in your pocket and you want to reinvest it?

I like your idea to build an ADU and think it's a great option, your options just really depend on your endgame!

@Samuel Rauch

Welome to BP Samuel! This place is an amazing resource you can't go wrong with. I would recommend finding and attending any and all of your local real estate meetups. From there you will meet people, build your network, and possibly find a mentor. Worst case you will get a first hand education from people that are actually doing deals in your area. 

Best of luck Samuel!

@Leah Weston

I think what you are doing is great and spot on! There has got to be other investors in Ireland that are doing the same thing as you, I am sure you will connect soon! 

Best of luck Leah!

@Marcy Moyer 

No worries at all, things come up! I am excited to meet you and talk Real Estate. 

@Jason Hsiao

I sent you a PM! Thanks. 

@Zab Khan

Thanks for the information. The property is not located on a hill and it is certainly not in an area that would accommodate a high-rise so that makes me wonder. 

Welcome to the Santa Cruz County Real Estate Investors Meetup! 

This meetup is for anyone and everyone interested in Real Estate Investing. Our goal is to put link-minded people together, network with peers, and learn from each other’s shared experiences without all the gimmicks and sales pitches common in other venues. 

Santa Cruz County is one of the most beautiful spots in the world and one of the most unique Real Estate markets in the United States – with that comes quite a few distinctive challenges that are best overcome with shared experience and collaborative efforts. 

This meetup is meant to educate, inform, encourage, and enable Investors of all experience levels to acquire the knowledge they need to become successful in the Real Estate ventures they choose.

https://www.meetup.com/Santa-Cruz-County-Real-Estate-Investors-Meetup

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During our last Meetup we discussed all sorts of topics ranging from the County of Santa Cruz Permit and Development Process, Syndicating Deals, Out of State Investing, and historical and potential future interest rates.

We had members come that were just beginning their real estate career to those that have been investing for 25+ years! We are very excited for our next Meetup happening this Thursday, March 8th where we will be hosting a guest speaker (speaker still TBD) and networking event afterwards.

When: Thursday, March 8th, 2018, 6:30 – 8:00pm
Where: Tony And Alba's – Scotts Valley

Help support the local business that hosts us by buying a drink, getting a bite to eat, or simply thanking them for their hospitality. Looking forward to seeing you all there and getting know you!

Jonathan Pflueger and Jesse Pflueger

Hello BP!

Does anyone know what the zoning code R3H means for the County of Santa Clara, specifically the H part? I understand the code R3 to mean - 

1. R3 Multi-Family Residential. The purpose of the Multi-Family Residential district, also known as the R3 district, is to provide space for multiple family residential development commonly found in an urban environment. The R3 district is intended for intensive residential uses at readily accessible urban locations (City of Santa Clara Zoning Ordinance)

But I cannot find out what the H means in R3H? I am looking at a SFH that I would like to possibly convert to multi or add additional units but I am having a hard time finding out exactly what the zinging is. Any insights would be greatly appreciated.

@Robert DeForge @Marcy Moyer

The meetup went very well! We had about 10 members show up and the conversations were very informative. Planing a new meetup very soon (within the next two weeks) and plan on having a guest speaker for the first 20 minutes or so. 

We are still refining the meetup in general but we would like to host meetups twice a month and bring in a speaker at least once a month. Also, our days may change from Thursdays to Tuesdays (sort of depends on the venue). 

See you at the next one! Check the link below for updates! 

https://www.meetup.com/Santa-Cruz-County-Real-Estate-Investors-Meetup/