All Forum Posts by: Anthony Salazar

the next contractor I hired ,was recommended by my local relator. he did few projects for her before. he was honest and professional with her. that makes me feel much better.

when he heard the story , learn the amount I paid, and saw what was done in the house, he seems to take it almost personally : "I am so sick of local contractors that do that! it paint us all in a bad light! how can someone do such a thing that and hurt their integrity and reputation??"

few weeks later, he did the same thing. I lost close to 30k on both contractors on that single house.

my two cents here:

A Clearly the fact you worked with a contractor for a while, and all was good does not mean your next project is "safe"

B often out of state investors are seen as "easy prey" and great relationship they had with a local does not mean an out of state will get the same treatment..

I am asking you, the experienced out of town investors that works with a local contractors:

What Am I missing ? How do you do that?

since most serious busy contractors ask for money upfront , how do you reduce the risk?

Thanks so much!

Even being local, I will not pay my contractors until I see that things are done. I like to write out a contract that clearly states when they will get paid/how much and the time line of the project. Sometimes it is hard to have them sign the contract but when they do it works so much better. When they ask for more money, I refer back to the contract. It also saves me so that if they ever do run off I have a contract signed. I made the mistake of not doing this and I lost $7,000, I learned my lesson.

Would you be willing to share a copy of your contract?

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Cleveland, Ohio

This is just now happening to me. Would love to hop on a call to swap stories and see if there’s anyway we can help each other

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Cleveland, Ohio

Any info on how to finance deals in the DR? I lived in the DR for a few years and have a good understanding of the country but unsure how I would be able to finance a property

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I was looking for a similar “creative solution” when I was trying to buy a triplex or 4plex in So Cal.. Curious to see if you find one.
I was never able to find a way and eventually shifted strategies. It was a lot easier to find a SFH with an ADU or a duplex with an non-permitted 3rd unit. My lender treated it as a duplex, not a triplex, even though it had a 3rd rentable space

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@Jamie Rose Hi Jamie. Would you say that Mtn View has "turned the corner", or gotten worse?

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Anchorage, Alaska

Quote from @Connor Dunham:

Hi Jordan. Good Luck on the north side. Definitely require renter's insurance over there. Steve is great.

Hey Connor. I'm looking at a four unit in Mountain View right now, what "class" tenant would you say is generally in that neighborhood?

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@Joe Homs that's amazing, congrats! I've been interested in getting into wholesaling here in Southern California and would love to chat more to see if I could provide some value to your team

1 Vote

Orange County, California

Where are investors in Southern California finding their deals? With what seems to be very limited inventory, high prices, and high demand, once a deal goes on the MLS it's scooped up.. I assume most investors in Southern California are buy/hold for the appreciation? I'd be curious if there are many flippers out here that are able to find consistent deal flow and able to make healthy margins, even with the crazy bidding wars.

Interesting article...

https://spectrumnews1.com/ca/o...

As of mid-January, there were roughly 1,100 active homes in Orange County, about 4,700 in Los Angeles County, 2,040 in San Bernardino and a little more than 2,300 in Riverside
Steven Thomas of Reports On Housing calls the low level of housing in the region "catastrophic"
Buyers continue to push on despite the coronavirus pandemic, high home prices and rising mortgage interest rates

1 Vote

Orange County, California

Quote from @Nick Giulioni:

Hi Georgina, welcome to the real estate industry! I have started my real estate journey here in Indianapolis. Now, I have more than a hundred doors. I would love to help/share my experiences and chat with you more if you're interested.

Hey Nick. What neighborhoods/cities are you investing in Indiana? Would love to connect and find out some of the general areas you have invested in.

1 Vote

All Forum Posts by: Anthony Salazar

Anthony Salazar has started 9 posts and replied 42 times.

Post: New to real estate. Looking for like minded individuals & network

Post: How out of town investors can be protected with Contractor?

Post: How out of town investors can be protected with Contractor?

Post: Anyone investing in the Dominican Republic?

Post: How strict is the FHA Self Sufficiency test?

Post: 4-plexes in mountain view.

Post: four unit property in Mountain View Alaska

Post: Deals in Southern California?

Post: Deals in Southern California?

Post: What do i need for First Time Buyer