All Forum Posts by: Richard Bull

In this meet up we discuss out of state investing opportunities and we are looking forward to a great meet up next week! Feel free to join in where we can share idea, strategies and learn from each other. Thank you @Joshua Sinatra and @Anthony Pimentel for setting this up. 

@Michaela G. this is true...I am going to try this approach today.

Thank you @Teri Feeney Styers and @Ryan Murdock , today I found out that the seller does not have insurance on this property (believe it or not) and it looks like they are taking the property off market and returning the earnest money. 

It is really a bummer after working so hard at this property, it is now no longer in play. 

@Account Closed is an older building and I wonder if it has anything to do with it. I still do not have the details about what happened. I am waiting on those in order to better access the situation. thank you for all your helpful feedback on this subject! 

I was just notified that the property that I was prepared to close on three days from today caught fire. It was a cash deal also... My contractor gave me the head's up today. It looks like I may have dodged a bullet, I am not sure; I will have more details on this tomorrow. 

Question for my BP family... Is there a possibility to get reimbursed for closing costs or anything of the kind, or would I just eat all the costs and be glad that this fire did not happen while I was the owner? 

This seems to have been a fire that stated in one of the kitchens, likely by a tenant. I am not sure yet, so, let's just make this a hypothetical assumption for now. I am curious... If the fire is the fault of the tenant is the owner (and the owner's insurance) still 100% responsible for all damages (in general) and repairs because it is the owner's property? 

I am disappointed in this loss, but also a little relieved at the same time...

Does anyone else want to share a story like this one?

@Janelle Carlson and @Paul Aguilar we will work on a meet up date coming soon and we'll make sure to reach out to everyone here. It will be great to get more for of us for the next meet up and bounce ideas of each other. All the best! 

Hi @Alexis Biafora we had a meet up a couple of weeks ago with @Joshua Sinatra @Anthony Pimentel and @Jack Chen  We will be planning our next one for early June to mid June. In our meet up we mostly discuss out of state investing, however we are open to all who would like to join in.

Thanks @Brian Reynolds we will probably have our next one in 2 or 3 weeks (after the long weekend).  We are looking forward to seeing you there. 

Please contact my cel number since the front door of the office building is closed. My cel is: 310-494-8692

This is a forum for our local meet up in Santa Clarita, CA for BiggerPockets members and other REI groups

Our focus in this group is on multi-family OOS investing.  We share ideas, tactics, contacts, challenges, stories, and general information about out of state properties and strategies. Our objective is to meet in Santa Clarita a couple of times a month.