All Forum Posts by: Aly Vizcarra

Not uncommon for my area.  We have some tenant occupied units were the renters are very cooperative and let us show the property with a reasonable notice.  If the tenants like where they live it´s in their best interest to start off on good terms with the new owner. 

Other tenants that aren´t as cooperative understand that when the property is finally sold, either their rent is about to be increased or they have to move. So they aren´t very motivated to show their unit. 

Your agent will recommend writing the offer subject to inspection of the front unit.  Meaning if you don´t like what you see... you get your deposit back.  

Best of luck. 

It sounds like you might not have enough capital at this point... But that should not stop you from speaking to a lender.  Speaking to a lender is the only way to know for sure.  Do it today. 

A hard money lender isn´t going to charge you to speak with them.  Get with someone right away before someone else buys those properties you´ve been working so hard to analyze.

Best of luck.  

Kevin I understand how you feel. Almost every single one of our first time buyers/investors feels apprehension.  It sounds like this property checks off all of the boxes.  

I don´t know what area you´re investing in, but if you´re working with a Realtor, they should help you come up with a number. 

I´d venture to say that if you decide against making the offer, you´ll be sitting in that chair for several more mornings wishing you had done it. 

Go for it Kevin!   Best of luck. 

Hello Thergam,  I´d consider speaking to a hard money lender. As they specialize in investment properties.  I´m sure you can google search for a company in your area.  They will have creative financing options for you. 

Welcome Torre!  Looking forward to your contributions.  

Hi Sophie, Josh is correct... From investopedia: 

¨Bird dog: Investing term that refers to someone who spends their time trying to locate properties with investment potential. A bird dog looks for motivated sellers or undervalued properties with the intention of passing the deal on to a real estate investor in exchange for a percentage or fee. A bird dog will also develop a network of real estate investors so they have a better chance of converting a particular lead into a deal. The term bird dog is more strongly associated with identifying properties for flipping, but it may also be used in the context of identifying income properties or residential rentals.¨

Best of luck

ARV: $525,000

Rehab: $40,000

Down Payment: $20,000

National City 2 units with flip potential or buy and hold.

Showing/walk through on Tuesday 5/29. 

Hi Danielle, for flooring I'm a huge fan of Flooring Liquidators.  Not to be confused with Lumber Liquidators.   Lumber is OK, but Flooring Liquidators has a great selection and great pricing.  They have a shop in SD on Miramar and another in San Marcos.   Ask for Tony. He's the manager. 

Best of luck. 

It might go without saying but I'll say it anyway:  If you're in escrow then you're not the owner yet.  Have all your ducks in a row and on the day you close, knock on the door.  Have your paperwork in hand and a roll of scotch tape ready to post your letter on the door when no one answers. 

On REO properties we always led with cash for keys. If they were able to vacate in 14 days, then the dollar amount would be higher. If they needed 30-60 days to move out, then the cash for keys amount was lower.

If you bought at auction, then the occupants have been getting notices posted on their door for a long time. They should be expecting you.  Fingers crossed it's the previous owner living there.  If it's a tenant then consult with a local property management company. 

Best of luck. 

Quarterly visits at minimum. Built into the contract so you manage their expectations. Don't feel as if you're invading their privacy. You run a business and must treat it as such.  The tenants will respect your professionalism if you stick to the schedule. 

Best of luck.