All Forum Posts by: Shane W.
Shane W. has started 31 posts and replied 170 times.
Post: Investing in a dying city – future loss of equity?
- Professional
- Santa Monica, CA
- Posts 186
- Votes 81
Originally posted by @Jon Holdman:
Sorry, but that's just not true. Houses are a commodity. If there is no demand, prices will fall regardless of condition. I don't think these northern industrial cities will turn into complete ghost towns. But there is risk that population declines will result in significantly lower property values. OTOH, city governments do realize this would be a very bad outcome and are taking actions to attract people and employers.
Jon is there a centralized way of researching what city governments are taking these actions?
Post: Rookie in Rancho Cucamonga
- Professional
- Santa Monica, CA
- Posts 186
- Votes 81
Hi Richard,
Welcome to BP there's plenty here for the new and experienced investor.
Just a tip, you might want to change your profile pic. It looks like you're blowing out pot smoke. Even if it is medicinal, I don't know too many investors that would want to do deals with someone who promotes themselves as a pot smoker.
And good luck!
Post: Next area to gentrify in Los Angeles? Silverlake, Echopark, Highland Park etc What's Next?
- Professional
- Santa Monica, CA
- Posts 186
- Votes 81
@Daniel Sanchez you bring up some great future developments with the Inglewood area. Would the lack of good schools in the area deter people from moving there?
Hopefully @Matt Mason can also chime in?
Post: Marvel Comics signs deal with Pinewood Studios in Atlanta
- Professional
- Santa Monica, CA
- Posts 186
- Votes 81
A good friend has informed me that Marvel Comics has just signed a 5 year deal with Pinewood Studios in Atlanta.
Could translate to an increase in demand for rentals around that area.
Post: New Member in Los Angeles Area
- Professional
- Santa Monica, CA
- Posts 186
- Votes 81
Post: To buy multiple SF or MF's or one $1M Apt. Complex?
- Professional
- Santa Monica, CA
- Posts 186
- Votes 81
Originally posted by @Joe Villeneuve:
I'd rather go with multiple SF's, but that's because I can make much more per door than I can with a Multi-plex of some sort.
I also would rather deal with 10 SF roofs, than one big one since the odds of all 10 going bad at the same time are pretty remote, but if the roof on a multi goes bad you can end up replacing the entire roof...or the equivalent of all 10 roofs, even if they may not need it.
Joe Villeneuve
REcapSystem
A2REIC
But what if the building was on two levels? Wouldn't there only be the equivalent of 5 roofs?
Post: Is it better to partner up with a seasoned campaigner or a newer, switched on investor?
- Professional
- Santa Monica, CA
- Posts 186
- Votes 81
Just wanted to bump this as I'm genuinely curious to hear people's opinion.
Plus it will help with a previous topic I raised as to when is the best time to get the most responses when posting on a BP forum. I posted this originally on a Saturday afternoon and now it's Thursday early/evening.
And thanks @Hattie Dizmond for the initial response.
Post: Rookie from the Bay Area
- Professional
- Santa Monica, CA
- Posts 186
- Votes 81
Post: Is it better to partner up with a seasoned campaigner or a newer, switched on investor?
- Professional
- Santa Monica, CA
- Posts 186
- Votes 81
I heard on a non BP podcast that it's sometimes good to enlist a younger professional such as lawyer or accountant so you can save money by using someone with less experience. So long as this less experienced person has everything overlooked by their firm's mature members.
I'm curious if partnering up with someone less experienced, but super switched on can be beneficial or will it be more like the blind leading the blind? I'm not talking about a complete newbie, but more like someone with 2-5 years under their belt.
What would be the major pros and cons? So far I have:
Pros:
Like minded
Won't feel stupid by asking newbie questions
Similar in age and interests
Learn from your mistakes
Cons:
Not enough real world experience
Won't feel as confident that what you're doing is right
Mistakes could be very costly
Post: What did you do today in your business?
- Professional
- Santa Monica, CA
- Posts 186
- Votes 81
Cut together a real estate video I shot for @Rob Pene and @Ginger Macias.