All Forum Posts by: Robert Rayford

@Sierra Crisp, I agree with @Omar Merced, he is correct. Only licensed trades person can put a valid lien on a property for unpaid  goods and services. Any unlicensed person can be charged with filing a false lien. Unfortunately you may have to chalk this one up as a lesson. you can report them to the Contractors State Board but that will only get them fined. The Board will not go after your funds for you. File a claim in small claims court after taking pictures and getting 2 quotes for repair by Licensed Contractors. 

Well that's apples to oranges. There is a definitive difference between passive income and appreciation.

Of course the question and the determining factor is the earning power of the San Jose area. The median income in San Jose is $110,000 with a poverty rate of 9.5%. In contrast to Vegas at $54,00 and a poverty rate of 16.3%. I would say that appreciation will continue to rise at a constant pace in San Jose. The Vegas market and local area has plenty of room to build. San Jose is pretty much out of open space for new developments. The Vegas developers will continue to build as long as the numbers pencil out. Just this factor alone will slow the appreciation rate in Vegas. The rental market has a lot to do with rate of appreciation rise over time. Once a market has reach its top with qualified renters then housing will start to have longer DOM to find a renter. This will slow the buy and hold investors down on purchases, which will slow down the flippers who supply the buy and hold investors, so on and on. Most of the real estate sold in San Jose is purchased by buyers for their primary residences. With such low inventory , this will further inflate the values.

@PeTika T., You may want to reach out to @Steve G.

@Travelle Mason, Hello neighbor, I am here in the Bay and I invest in Jax.  P.M me if you would like to connect. I travel between the Bay and Jax almost monthly to get the deals done.

@Ron J. , You may want to offer a partnership share on your properties. This will create a JV and which will give the second partner a tangible investment. You can always write the agreement keeping you as lead with all the creative management.

@Alvin Goo, You would want to reach out R.E Agent @Jason R. . I've been working with Jason for a couple of years and he has gone the extra mile to get the deal done. I am also a out of town investor and he has shown that he is a agent you can count on, him being well connected in Vegas helps a great deal also.

He has been tagged in this reply, he is a B.P member.

@Gabriel P., the rents are going for around $625. There is a pocket of high crime in the area, well at lease high crime reported maybe because of the University and drunk kids.  Other than that Arlington Heights is a good area. 

Hello and welcome to B.P @Shayne Cocotis, education is key to make it in R.E Investing. It's great you are willing to read books, listen and watch podcasts. You all ready have a jump start on most of the newbies I encounter, most just ask me a lot of questions with no retention what so ever. Although our Bay Area market is way out of reach for the beginner, we are in a very unique area that just a short 1hr drive we have micro markets to invest in. You may want to consider Stockton, this city is predicted to become the most profitable ROI market in Northern Cal in 2018. Everything in the Bay Area is over $500k for SFR, with the exception of Antioch, Pittsburg and Oakley. I am just over the hill from you and I keep a eye on the local markets. Feel free to reach out to me for any questions you may have.

Well with California being the 6th highest economy in the world, this puts us in a unique category of regions that has a tremendous impact on the Global economy not to mention the States. Every time you go online, pick up your smart phone, drive your electric car, among countless other high tech innovations you can thank Cal for that. The reason our Real Estate is out of reach for most is because simple supply and demand. California has long been a desirable place to live, this and the pay scale drives up the R.E markets. I am not sure if it's not having a "no concept of value" but more like disposable income. I personally invest in 4 states Nevada being one of them. After the R.E crash of 2008 it has been California that brought in the tent poles to prop up their market. This is happening in Jacksonville, Phoenix, Detroit etc. I have seen local investors in these areas making great incomes on this trickle down effect. To which they buy and spend in the local economies to boost their communities.  i guess it depends on which side of the fence your on.

just my 2 cents, no pun intended