All Forum Posts by: John Arendsen

@Tim G.Unfortunately we're out of town until March 1st. But please keep me in mind for future meet ups. This is right up my alley and perhaps just what my son and I have been looking for. I'm a San Diego investor and my son is a very well known and established high end general contractor and builder in the area as well. 

I've been looking for an investor pool to match funds with on deals that meet our buying criteria. I'm also a real estate broker and retired general and manufactured home contractor, dealer, developer and property manager with decades of experience in real estate at all levels. 

Collectively both of my sons, my wife and I have a lot to bring to the table in terms of hands on knowledge, experience and investment capital. Please feel free to PM me or email me at [email protected]. Or you can call me anytime at 760 815-6977. 

Looking forward to meeting with you anytime.

@Ryan WhiteHi Ryan, I don't have any other contact info for you. Hope some how your radar puts you back in touch. I have a project in Leucadia that might be a perfect fit for the Curci 2+2. Could PM me when you have a chance? Big thanks, John

Never act desperate or in need. JUST DO IT!!

Why Tucson just out of curiosity? What's wrong with Oregon? Are you planning to relocate there? The most important thing to have in MF is good, honest and dependable property management.

Research the RE brokers in your farm that specialize in MF and go to school on them. If they're a good newbie friendly RE Professional they will welcome you with open arms and provide you with tons of hands on training. Good luck!

@Michael Dolan Big thanks Michael but I don't need financing. I have my own.

Scary stuff to me. I've been studying this long and hard for the past couple of years for all the same reasons you stated. My problem is the trust factor. Finding a trustworthy and reliable team i.e. PM, Maintenance, Contractors, etc. is not an easy undertaking.

God only knows that as a long time PM of my own local rental portfolio and as a RE broker, General Contractor and Investor I've had my challenges right here in my own backyard. I'm now leaning more towards partnering on a matched fund basis with other investor/s on projects in my own farm i.e. commercial, MF, apmts. etc. 

My 3 cents adjusted for inflation.

Hi Lisa, We're from San Diego and have been looking at investing out of state ourselves given the current market trends and values in Cali. However, having done and continuing to do a ton of research on this and other platforms, speaking and emailing with myriad RE Professionals from all over the Country I'm still not quite comfortable pulling the proverbial trigger.

There's just too much hanging in the balance given our current economic climate nationally along with reliable and honest property management, maintenance and contractor pools in the local area. 

The closest I've gotten so far is one of my personal banking and financial advisors right here in Cali. He's from North Dakota but has lived here since he was 19 (about 20 years now). His family still lives there so he has about the best local support you can get.

He's been buying SFR's near Fargo on the cheap and renting them out for a steady cash flow and ROI has been working well for him. I asked him if he'd be interested in partnering since he'd be my local connection and his family my out of state source.

I'll be meeting with him next week to disucss some potential opps. But bottom line I'm not too keen on investing out of my immediate farm and ability to be the hands on PM. It's really hard to find a well rounded team that you can really trust and depend on. I just read too many horror stories form out of state or area investors who took it in the dairyer to feel confidant enough to invest in. 

My 3 cents for what its' worth adjusted for inflation.

@Jim AdrianGreat comment and big thanks. Your advice is spot on and chimes in with my thinking as well.