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All Forum Posts by: Jonathan Quintanilla

Jonathan Quintanilla has started 2 posts and replied 68 times.

Post: What type of house is this called? - Picture included

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25

I would call them fallen tree houses. ;) 

But in all seriousness, have you tried plugging that address into the county assessors office? They sometimes have the style of house on there.

Post: App

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25
Originally posted by @Eric Bergey:

So how hard is it to create an app? When i was driving home today I was thinking of a few ideas for apps. I think my idea would be great for investors and so if anyone in Albany, OR or in Oregon know how to make one then send me a message i would love to make one. 

 If you have the logical mind for it then I would say give it a shot. The only issue you will run into is needing to learn preliminary languages before you even reach the part where you design and code apps. For example, I came from a strong computer science background so I picked up app creating as a hobby, took me a little over a month to learn what I needed to start designing an Android app. I agree with Keith though, if you don't have the patience or desire to learn coding/graphical designing it might be easier to employ programmers onto your idea. 

Post: "Aint Nothing to It But to Do It"?

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25

To answer your question, a car is only as good as its driver so Listsource will be the most useful to you if you know what you're looking for. You said you did your homework and research so you should know what you're looking for, just plug that into Listsource and start your marketing campaign! 

The hardest part is getting started! It's all a learning experience, have fun with it (as long as you don't get yourself into legal trouble :P )!

Post: Absentee owner list

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25

Normally your research is done before you buy the list (knowing what zipcodes you're targeting, free and clear vs mortgages, etc). After you buy the list is when you sort it and get ready to mail it via your marketing piece of choice. 

Given my horror movie fanaticism I half expected something to jump out at the camera. :( 

Post: seminars in nyc?

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25
Originally posted by @Robert Vel:

Is there any free seminars in NYC that I can attend?

 The question becomes, what kind of seminars are you interested in? I know in the city there are a bunch of seminars on wholesaling, rehabbing, note investing, etc. 

Post: Why is my courthouse not giving me the estate probates?

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25
Originally posted by @Brandon Monaghan:

Rick Harmon--- I understand the Federal Freedom of Information Act and I understand that this is in a sense an advantage to having leads that are more difficult to come across because it eliminates a lot of competition.  However when you are denied, such as I was, and told that it could potentially be illegal to have access to this information for self gain then obviously I will have questions regarding the legality of the matter.  I am not an attorney and my knowledge of the law extends as far as the internet allows me to.  

There is a database, yet it is set up in a way that you need to know the last name of the person you are searching and that is the extent of the "data field criteria" for my county.  There is no query that allows you to search anything more specific than first/last name, therefore I am searching through estate probates that date back to the 1980's and if you could imagine how extremely big that list is you would understand the inconvenience side to my argument.  

I am not lazy and I work hard and diligently.  I know there is a more efficient way to do this and that is why I am seeking advice.  

 When I was searching probates in Texas all they had was a website where you can search for Probates by date or first/last name. What website are you using exactly? 

Also, as a side note, most databases allow wild card field entries ( * ), however what good is that if you can't sort it/view it by dates? 

Post: People that do wholesaling, what's are 3 best sources of leads that you close on

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25
Originally posted by @Dean Letfus:

Craigslist, bird doggers and a great agent

 I've tried Craigslist a bunch, but with no results. Any tips on finding good deals on Craigslist? 

Post: Yellow letter

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25
Originally posted by @Vanessa Burgess:

Tony I have heard of printing letters which is a good idea I will be doing that.  I believe as long as your taking action and being consistent the amount of letters you send out doesn't matter. What matter is to send the out and stick to your marketing budget. 

 That is exactly correct, direct marketing is a marathon not a sprint. Consistency is key here. 

Post: Wholesaling

Jonathan QuintanillaPosted
  • Investor
  • Hastings On Hudson, NY
  • Posts 73
  • Votes 25
Originally posted by @Kelvin Young sr:

I have 2 questions, 

1.  Is there such a thing as flipping a home that does not need any repairs? if so, what is the formula? 

2. I am in discussions with a seller who has a mortgage balance of $102,808.00 the market value is $138,900, how can I structure this deal to completely payoff the bank, using 65% of the ARV or market value.

Kelvin    

 1) Well that all depends on the price. If it doesn't need repairs a seller will generally (rightfully so) expect closer to market value, so wholesaling in the traditional high equity situation would be a no go. One of the better ways to flip a home like that is to put in owner financing and pass it off to a buyer who will pay a higher down payment and higher monthly payment than you offered the seller. 

2) That's really tough (in my experience) to do as no cash buyer is going to be willing to put down 74% of the market value without even factoring repairs/up to speeds (up to speeds is a umbrella term I use for things like painting, carpet cleaning/removal, etc). The best way to handle that deal would be a subject-to if the property is in good condition. However, you mentioned paying off the bank in a lump sum, so that strategy wouldn't really work here.