All Forum Posts by: Jim Keller

Nice to hear from you.  On my android phone the app is called Play Store.  Go there and search for Meetup, install that and look for real estate investment groups in Laguna Hills. @David church is the investor that runs the group.  David get 40 to 80 people per month out at his club and you can meet some.good.people there.

Your welove to call me my contact info is listed on the site.

Jim

@Raymond tan 

Welcome to Bigger pockets, I would recommend Meet up from your Google store.  I have built a good business for my work and contacts made at real estate clubs in Riverside, Pasadena, Long Beach, Laguna Hills and several others. These clubs are everywhere, and always have new people coming and going.

I will be speaking at the Hills Hotel off the 5 freeway in Laguna Hills on the 27th of January.  Look up the app and come out and see We'll be there at 9:30us on the 27th. Just my story on how I find, purchase, finance, fix, and sell homes in Southern California

Two weeks ago I was at the Chistmas party for Inland Empire Real Estate Investment Club and have 2 deals from people I know from that meeting.  

It cost $45.00 a special Christmas rate open bar and food, the price is usally $20.00 but for 2 deals the cost is not relavent the good news is we stand to make 50k on our share from both of these deal..... you can't loose.

Jim

Might sound stupid, but how in the heck can the bank, regulators, or big brother...... :) know what your intent was or is.  Occupancy and these type of issues are what will kill the mortgage/realtor industry.

To much time being spent on compliance, I'm a simple guy.  My choice has been to focus on simplicity, and a small monthly income.

Just a few 4 plexes or maybe two 10 unit buildings and pow your level of compliance reduces a little.  Just an idea from a Southern California investor that sees the way we used to do things dissappearing.

Jim

We have seen our business grow and grow in just the last 24 months.  I have friends in your area and their doing great.

Take some advise, have fun.  Make your company simple, pure and honest.  Like you're in the 8th grade and your learning how to play life size monopoly :)

I love my job, I'm woking at quiting and hiring other to run it day to day. Remember most of the work force out there is not an OSU construction management grad.  let's face it you may not be able to afford such talent. make it fun and simple, you can't loose.

Jim

Know the laws in the markets you do business in....... good idea.

The same ethic is true for people selling hot dogs on the corner or multi million dollar distressed properties.

It's top quality eats with a properly licensed cart or you fail.  You are truthful with others and deal with in the law, treading on your access to fast cash that can purchase distressed property, for a profit.

Keep it simple

Jim

I'm sorry to have this type of stuff out there....

For years I didn't take my own actions seriously, to my own detriment.  I write this not to be critical of you personally, but to show others it doesn't have to be this way.

No one cares about your business more than you, wake up all of you who hear words like faduciary, or I'm an expert.  They aren't working for you, it's just a fact.

Early in my days as a real estate agent I lost a deposit for a client.  It was only $2,000 a huge sum for me at that time.  I made the decision to just write a check to them, and we ended up doing more work together.

Reasently I took a hard money loan out on a condo in Anaheim, Ca I fixed and sold the condo in a mater of 3 months with a expected profit of over $50,000.

Then the other shoe fell, everyone starting with me missed the fact that the HOA had a few words in one sentence "possible litigation" and we all just missed it. The lender, escrow me, no one saw it. Could I have called an attorney, yelled or screamed maybe.

I lost my top dollar buyer and desided to sell fast, in the end I wrote a check for over $8,000.  That was August 2015 and instead of freaking out I just put my head down and did more deals.

Some good free advise from me is to settle this and move on.  I completed over 20 deals since that happened and at age 52 seen my net worth has grown like I always "dreamed" or knew it would.

Please tell us all about your next deal, and how you brushed off this bad situation.  We have all been there.

JIM

Leigh

Well put, I have been an active investor for years now.  

Real Estate agents aren't investors and when a wholesaler offers me a deal at 80% of ARV it's distructive, just say no.

Disciplined investing is your only defence.

Jim keller

Leigh

Well put, I have been an active investor for years now.  

Real Estate agents aren't investors and when a wholesaler offers me a deal at 80% of ARV it's distructive, just say no.

Disciplined investing is your only defence.

Jim keller

BERDINE

Don't let "stinking thinking"  from others form your investment portfolio.   I have done seller finance deals in Southern California, Anaheim was the last one.  I have a 4 plex I'm working on right now in Chino, and so could you.

The seed money you have, 20k is enough to get you into any deal.  I work hard just getting in and have become very good at raising the remaining cash needed to close.

I would start hanging out at "owner clubs, and wealth managment meetings" where wealthy older couples that own mutifamily units do.  As time passes these people stop building and servicing there portfolio and your neededs could really help them.

Consider printing small post cards that simply state your wish to obtain seller finance units.  To the same crowd ask for private investors for fractional ownership in multifamily units.  Switch there ownership position to a bennifishury/lender position that has very limited management and vurtually no time commitment.

You just need 3 deals over the next 5 years and your now a young woman who is a member of there investor club and the logical buyer of many of there buildings.  This is a long play but it's how it's done.

Jim

I did get Dave's name wrong Sorry Mr. Tilney oops, but can tell you Sharon I got more than my moneys worth from him.  I have no deals yet from the weekend but I will get a few over the next year I'm sure of it.  

To be clear Brian doesn't need me to speak for him but I think his words where to caution you not an accusation.  Like Dave Tilney an investor could make big money on what Brian understands and freely gives away on this site.  Just opinion

Jim