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Kern Real Estate Investors Network

Kern Real Estate Investors Network

 

 

6 - 7:30 pm

  

Plan on ordering your dinner or drink

while we network.

 

Topic of discussion

will follow.

 

The state of investing in Kern County is always a mini topic.

 

Bring your Deal of the Day!

 

Meet other investors, vendors, contractors,

and service providers for

your real estate investment business.

 

 

change

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  • Daniel

    My phone number is (661)[masked]

    1 · May 28, 2013

  • Daniel

    Willing to offer 10% plus 3 points secured by real estate. I can afford to build one house a month cash. I would like to do three a month to lower the overall cost. If you prefer equity, I'm flexible. I have my own dedicated builder who's already managed building 250 homes.

    1 · May 28, 2013

  • john h.

    Great meetup as always, I was able to meet more members of the group. Kevin did a very good job as speaker for the night. This is a great group. See everyone next time.

    1 · May 28, 2013

  • Paul L.

    We got to meet some great people, and the information that was presented was right on.

    1 · May 8, 2013

  • Konrad K.

    Great job Kevin. I like the synergy from this group.

    1 · May 8, 2013

  • Donna S.

    Kevin Oliver did a great job tonight on very short notice. We have an amazing group. I loved the networking and partnering up to invest that is going on in our group.

    1 · May 8, 2013

  • Adam F.

    Gloria and I will b attending

    1 · May 3, 2013

  • Konrad K.

    Bottom line, it's all good. As investors we just need to make the right play at the right time. Timing is everything. To echo Kevin, Good investing...

    1 · April 24, 2013

  • Konrad K.

    That's not to make light of anyone's ill fortune but the administration is not only fanning the flames but they have a 10 gallon gas can within easy reach. Supposedly they will have tighter controls this time but as someone that has experienced first hand the fiasco that was the Administration's so called health care reform, I don't have a lot of confidence in their ability to manage this.

    So back to Kevin's comments. Demand is high and supply is low. If the Administration has their way more new buyers will flood the market increasing demand even further. This is great news for us bulls. Kevin said he believes housing prices "will soar beyond what anyone can imagine." As an investor I hope he's right. I myself am cautiously optimistic. Or maybe I just have a better imagination than Kevin ;). At any rate if prices do hit those levels the next collapse could make this last one appear to be just a bump in the road.

    Continued...

    1 · April 24, 2013

  • Konrad K.

    Let's see...said Administration is pushing for banks to lower their credit restrictions to allow more first time buyers into the market, even as we are seeing a dramatic increase in housing prices. Isn't that just what happened a few short years ago when banks were making all these bad loans to people that had no business buying a house? People, there are reasons why those restrictions are in place. Anyone buying a house in 2013 is probably okay. But what happens in 2014 and beyond. Be as bullish as you want but I think even the most vigorous bull will admit that at some point the bubble will burst and prices will drop just as they have so many times in the past. Then we have a bunch of people upside down and, hallelujah, foreclosures are in play again.

    Continued...

    1 · April 24, 2013

  • Konrad K.

    Kevin makes several good points. I should have been clearer in my statements. I was mostly repeating what was reported in the two articles in the Californian, which both tended towards being bearish. Personally, like Kevin, I'm looking at this as more of a bull market. The one comment that I made in this regard was the statement that the Obama administration is playing Russian Roulette with the housing market. That's just my opinion but I own that statement and I think I can back it up.

    Continued...

    1 · April 24, 2013

  • Kevin O.

    I believe we are in the early stages of a roaring bull market in housing.

    So the number of homes sold fell for one month… Big deal. More importantly, home prices are up 11.8% in the last 12 months – for the biggest gain in more than seven years (since November 2005).

    My friend, this is a housing boom. No question.

    You haven't missed it… yet.

    Please, don't miss it… Contrary to what most analysts are saying, I expect this new housing boom will be incredible.

    Good investing,

    2 · April 23, 2013

  • Kevin O.

    • There aren't enough homes for sale right now. In January, housing supply reached a 13-year low.
    • Meanwhile, demand is high. (I have several friends that are buying houses as I write and many of the mortgage companies they are working with say it will take 45 days to close on the homes, because they are swamped with buyers.)
    • Houses are cheap. We are coming off the greatest bust in housing prices in our lifetimes!
    • Thanks to record-low mortgage rates (at around 3.5% for a 30-year mortgage), housing is literally more affordable than ever.

    I understand that you can never know the future. But these conditions are as good as it gets for a rise in home prices.

    Yes, the data will fluctuate… It won't be a straight line higher. You will have data like Bloomberg yesterday, where you will see a down month. It's just like stock prices – even in a roaring bull market, stocks will still have down months.

    Continued...

    2 · April 23, 2013

  • Kevin O.

    The more important thing is, what is happening to the PRICE?

    "The median price of an existing home rose 11.8 percent, the most since November 2005," Bloomberg reported yesterday… "to $184,300 last month from $164,800 in March 2012."

    This wasn't a one-off price improvement. According to several real estate data providers, house prices have increased on an annual basis for 12 consecutive months. This is a real trend.

    To me, the housing recovery trend is unquestionable. And it's about to get much crazier…

    You see, we have a "perfect storm" in place for higher housing prices…

    Continued...

    2 · April 23, 2013

  • Kevin O.

    Well Konrad I do see your point but and there are many bearish people as there are bullish in our market today. I read an artical titled. "Bad" News in Housing Yesterday… Should You be worried? written by Dr. Steve Sjuggerud. he says...

    "Previously Owned U.S. Home Sales Unexpectedly Fell in March," Bloomberg reported yesterday.

    Most economists take an "agnostic" view on housing, like this recent opinion from the New York Times. But some economists saw the latest news as proof the housing market isn't really coming back.

    I disagree completely…


    In my opionion the housing market is in the early stages of an incredible boom fueled primarily by low interest rates.

    I believe house prices in America will soar beyond what anyone can imagine.

    Getting back to this supposedly "bad" news reported yesterday… Yes, it's true, specifically the NUMBER of previously owned homes that were sold fell by 0.6%. But that's less than a percent… no big deal.

    Continued...

    2 · April 23, 2013

  • Konrad K.

    Hey did everyone see the article on page 16 of the Monday Californian? Titled "Wall Street's billion-dollar bets on distressed homes may go bust", the gist was what we already know. Hedge funds and other large investors have stepped in and are driving the current RE market and squeezing the small investor out in the process. Artificially hi home prices that have nothing to do with the reality of the current economy have created a bubble fueled by the "Greed is Good" mentality of Wall Street. Another article last week stated that the Obama administration was asking banks to ease up on credit to make it easier for first time home buyers to qualify and get back into the mix. Sound familiar? This administration is playing Russian Roulette with the housing market. So what does that mean for us? Keep looking for deals tho they may be harder to come by. And be sure you have your exit strategies in place. It's not so much "what if" the market crashes again but simply a matter of "when".

    1 · April 23, 2013

  • Steven C. H.

    We're new to the group, but very excited about meeting everyone.

    1 · April 18, 2013

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