Buying Cash Flowing homes in the Kern County

For some people who may live in more affluent areas of California, the Central Valley has somewhat of a stigma for people who do not enjoy living in the heat.  But what is wrong with investing in Fresno or Kern County?  Prices are relatively low, and the cash flow from Single Family and Multi-Family are unlike anywhere else in California.  You can still buy properties under $100K that generate $200-300 or more in cash flow every month.  That is a conservative number and investors in most cases are conservative.  So it makes sense to buy in the Central Valley if you're investing for cash flow.  But don't mistake it for Capital Appreciation.  Values don't tend to rise very high unlike the trend that was seen from 2001-2006.  The Central Valley was one of the areas hit the hardest by the economic downturn, but that made way for a market correction we see now. If you do find a property that is in the $20-40K range for sale, it would be a great investment even if you had to put $5-10K to rehab the property.  The rents would still cover any debt service incurred...as long as you buy the property correctly.  This means, you know your cost's going into the deal.  Always keep in mind that if you have bad numbers, the deal will be bad.  Know your strategy going into the deal and have at least 2 fall back strategies if the 1st doesn't pan out.  If you want to flip the house, can you rent it if you don't sell it at your asking price?  Can you hold the property if it doesn't rent right away?  What type of financing term will you use?  Will the seller carry back or do you need bank financing, Private or Hard money?  These questions and more will determine if your numbers are good or bad and whether you should go forward on a property.  Happy Investing.

Mario Estrada, Jr
Central Coast REIA

January 26th Central Coast REIA meeting

Hello Fellow Investors,

We are excited for this months REIA and there are some new things happening that we are fired up to share with you. This month we are having Dan Ringwald from the Santa Barbara REIA coming up to speak to us about marketing ourselves on the internet. His son and daughter, Michael and Alana will be joining us as well as they both play in integral part in their fathers business with building websites for the SBREIA, other investors and businesses in the Santa Barbara area. Our goal for the Central Coast REIA is to build a site where we can post properties, generate leads and help everyone take their businesses to the next level.

For February, we have scheduled the REIA for the 23rd. We have scheduled Lloyd Segal, a foreclosure expert specific to California that will be discussing several aspects of how to buy homes in various stages of default. We will have more information as the date draws closer. CC-REIA memebership - For those of you who would like to make the commitment to join the REIA, it is a $200 a year fee. This also gives you free access to the National REIA under our name for free. For first time visitors, there will be a $20 door fee. However, if you chose to join the REIA, you will be refunded your door fee. All REIA paid members are no charge at the door.

We look forward to seeing you at Spyglass Restaurant next week. Doors open at 6:30 for networking and the meeting begins promptly at 7pm. Food and drinks are available to order. Also join us on the meet up site. www.meetup.com/cc-reia

Board of Directors
Mario Estrada, Jr
Jon Westbay
Kylie Hatch
Bob Ross
Ryan Perron

Last nights Santa Barbara REIA 1/5/12

The Santa Barbara REIA was a very good event. I met Dan Ringwald who is the President of the SBREIA and learned a lot in the short time he spoke. One of the things we're going to do for our own REIA is get a website up and running very soon. Dan's son Michael is a very good web designer and can do this for us very economically. Secondly, I also met Lloyd Segal a Foreclosure expert specific to California. In the time he spoke I learned more about foreclosures than I had previously. Lloyd has agreed to come and speak at our REIA in February and he will knock your socks off. I would like to thank Linda Pliagas of Realty 411 for introducing me to Lloyd.

The next meeting for the Central Coast REIA will be Jan. 26th at the Spyglass Restaurant in Pismo Beach.  Join us on Meetup.com if you would like more information.  www.meetup.com/cc-reia

Mario Estrada, Jr
Central Coast REIA (Co-Founder)

Central Coast Real Estate Investors meeting

Hello fellow investors,

The board of directors meet last week right before the long holiday and we have a great meeting planned for next Thursday.  This months topic will be GOALS.  Have you set goals?  Did you accomplish your goals in 2011?  What goals are you setting up for your business in 2012?  What worked well and what didn't work well?  Ryan Perron and Mario Estrada will lead the discussion on this topic.  Everyone who is present is free to discuss their own goals with the intention of seeing how we can all work more closely together to accomplish them this coming year.  Since we are having our REIA this early in the month, there will be no REIA scheduled until January because of the holidays.  We will resume our normally scheduled time of the 4th Thursday of each month.  Also keep in mind, visitors are welcome to a 1-time visit and cost will be $20 to attend.  We will be meeting at Spyglass Restaurant in Pismo Beach with the doors opening at 6:30 and sitdown meeting begins at 7pm.

Santa Maria REIC - Santa Maria group will meet Tuesday Dec. 13th.  Dana Klaft will send out an email for subjects that will be discussed.  Also, Dana will be putting on another seminar in January on "Pretty house buying".  For more information contact Dana or Terri Klaft.

We look forward to seeing everyone this month and hearing about our goals.  Lets finish out 2011 strong and build a stronger foundation for 2012. 

"Don't be afraid of mistakes or setbacks.  They can be your learning tools on the way to building something great for yourself"  Donald Trump

Board of Directors

Mario Estrada, Jr
Jon Westbay
Bob Ross
Kylie Hatch
Ryan Perron

Need Private money for your Real Estate Deals.  Go here  http://pmbintl.com/beachtownhomes/

Investors, do you need funding?

If you need funding for your real estate deals, I can help.  I recently joined a company called Private Money Bank International.  PMBI is a company made up purely of its name sake, PRIVATE MONEY.  This is not your regular bank where you hope some loan officer determines how much you get based your credit history.  Rather we look at the property you wish to purchase and depending on ARV, your loan is guaranteed against the property.  PMBI takes a 1st trust deed position to protect its interest just like any other bank would.  These loans are at higher interest than a regular bank, but most investors working the fix and flip model only need short term loans.  And we all know the Big Banks are not giving out loans to anyone.  If you need to fund a short term project, why not give PMBI a try.

http://pmbintl.com/beachtownhomes/

Mario Estrada, Jr
beachtownhomes@gmail.com

Central Coast Real Estate Investors Association

The Central Coast REIA was formed about 2 years ago by two investors who saw a lack of an investing and education group on the Central Coast.  These types of groups are common in larger cities such as Los Angeles, Bakersfield and cities in the Bay Area.  However, between these cities there was nothing in the middle.  Jon Westbay and Mario Estrada, Jr were instrumental in creating this group using networking skills they had both learned in other businesses and networking groups. Since the formation of the group, many real estate transactions have taken place that otherwise wouldn't have without the networking this group provides.  Our investors include, wholesalers, rehabbers, hard money lenders, wealth management specialist, and Realtors.  Our goal is to teach and educate investors whether you are a novice or experienced investor.  We meet every 4th Thursday at Spyglass Restaurant in Pismo Beach. 

Investors who wish to attend our meetings are welcomed to 1 visit.  If an investor wishes to join our group, you can do so at a cost of $200 for a year.  If you join the day of your visit, the $20 is refunded and all meetings attended are free of charge.

The Central Coast REIA has expanded and formed another group in Santa Maria called the Santa Maria REIC.  This group is lead by Dana Klaft who has been investing for several years and teaches others to follow in his footsteps.  This group meets at the Santa Maria Inn every 2nd Tuesday of the month.  This groups goals are the same, to teach and network.  Between both groups there are over 40 investors working together to help each other grow our businesses.  Although some invest on their own, some have come together and formed partnerships on larger transactions for large profits.  All investors who join either groups are free to invest as they wish, as long as they invest ethically and within state and federal law.

I buy Vacant, Abandoned and distressed houses

Hi, my name is Mario from the Central Coast of California.  Born and raised in the 5-cities, I'm very proud to call this place home.  For a long time I always wanted to invest in real estate and now that dream is beginning to take shape.

One of ways I invest in real estate is buying homes that have been vacant, abandoned or in disrepair.  Homes can fall into this condition for a variety of reasons causing them to be an eye sore to the neighborhood.  At times, these homes can also attract a criminal element and this often brings down the quality of the neighborhood.  It is homes like these that I like to purchase, repair and help renew the quality of the neighborhood.  This helps other homeowners retain their quality of living and value of their own homes.

I also help homeowners who may be facing foreclosure.  If you are in a situation where you may be faced with this, it is best to consult an attorney to weigh your options before selling your house.  If after you have done this and want to sell, there are a variety of ways you can sell and relieve yourself of the stress of having a home underwater.

If you have a property you want me to look at and make an offer on,  email me today so I can help you.

Mario Estrada, Jr
beachtownhomes@gmail.com