All Forum Posts by: Angelou Masters

I'm doing pretty good and I have my hard work and failures to thank for that. I still learn everyday from those that I know more than, those with less experience than me, and those with different perspectives. BP is where I come to get my knowledge tank filled!

I'm a full time investor I mainly do fix and flips but have a goal of buying two buy and hold rentals per year. I purchase the majority of my properties from the trustee sales which are held five days a week at county courthouse. Like most investors I also by from the MLS, individuals, estate attorneys etc when the deal makes sense. I sometimes wholesale deals when the numbers will work form everyone involved.

I live in Oakland and flip lots of properties here. Ask the tenants for copies of actual money orders, checks, or cashiers checks for their rent payments. In these types of situations the usually create their own bogus lease agreements and claim a low rent payment. Ask who the pay rent to and tell them you will verify with the current owner. Oakland has measure EE a very restrictive eviction ordinance. You could offer cash for keys or if the qualify fix the vacant unit and move them to that unit at market rate then renovate their current unit. Hard money would be a quick way to purchase the property if it has major issues. Feel free to contact me.