All Forum Posts by: Calah Lopez
Calah Lopez has started 4 posts and replied 31 times.
Welcome Tony! I'm in Lompoc too. I haven't followed bigger pockets for a while but I've learned so much over the years. I started slow and small but we bought our own property to live in and when it's time to leave it will be a rental for us. Nice to meet you!
Post: New member in California
- Lompoc, CA
- Posts 34
- Votes 6
Hi Logan! I'm here in Lompoc too. I would be happy to be a resource and support, although I would consider myself to be in the same place as you (although no children yet). BP is a wonderful resource.
I've heard it suggested to sae $500 for emergencies only, then pay the smallest card or debt off first, and then use what you would have paid on the small one on the next one. The snowball effect will give you momentum at tackling your debt and the great feeling when you finish paying one off is helpful too. Also I would suggest checking if your bank or credit cards are offering a balance transfer at a lower rate so you can diminish some of the higher interest accounts. Best of luck and I'll see you around!
Post: Newly Converted Investor in Lompoc, CA
- Lompoc, CA
- Posts 34
- Votes 6
Hi Caribbean! Welcome to Bigger Pockets. I'm a brand new investor in Lompoc too; still in the studying phase. I'm interested in small multi family homes too :) But I need to do some wholesaling to build cash (if you know of any job opportunities on base, please let me know..! ) because my job and hubby's job doesn't pay much. Nice to meet you!
Originally posted by @Brandon Battle:
Calah Lopez the best way to find cash buyers is to go where every cash buyer goes to eventually,the courthouse steps.Most professional cash buyers like to get their deals from the auctions in front of every courthouse and public auction meeting place.Get there early and watch them as they check in and display their cashiers checks from the bank to the auctioneer.Then go up to them with your business card and ask what is their specific criteria for the properties they buy and ask them if they would like you to notify them when you get one under contract.Most will say yes and if you go to enough auctions over a few months you will easily have a buyers list of 20 all cash buyers.
Brandon, this is gold! Thanks so much.
Originally posted by @Jonatan Barbera:
Calah Lopez if you're going to do a few deals and stop then yes a buyers list isn't really needed. But if you want to do many deals per month then never stop building your buyers list.
Everything recommend is good just pick one and try it then move to the next.
One thing I know for sure is just because you a few "buyers" that say all the right things doesn't mean they'll follow through when the time comes.
Buyers come and go so don't stop getting them.
To everyone that says "when you have a good deal you'll find the buyer" you might be leaving a lot of money on the table by going to the first person interested.
My buyers list allows me to sell 90% deals quick.
Hi Jonatan! So you gather buyers and send out an email when you have a deal to wholesale?
Originally posted by @Ryan Miller:
Originally posted by @Calah Lopez:
Originally posted by @Ryan Miller:
One thing I do is look for cash sold properties in the area where the home is. If they belong to an LLC or are non owner occupied then call them up. They are often more than willing to hear about good deal close to the area where they have already made some money.
Thanks for the tip, Ryan. How would I find the cash sold properties and if they belong to an LLC or are non owner occupied? I don't know how to find that info, but that certainly would be helpful.
Sorry I should have mentioned. I have someone with MLS access show me the cash solds in the area.
Thanks!
Thank you guys!
Originally posted by @Edgar U.:
@Calah Lopez the best FREE method to get a cash buyers list aside of BP is Craigslist, go the the Services > Real Estate/Skilled Trade section. Pull a list of contractors, handymen, lawn moving companies (yes lawn moving is profitable business in Miami, but not sure about Cali though). After you have about 5-10 leads. Call them with the following script:
You: [name of lead]
Them: Yes? (confused/busy/lots of noise in the background)
You: I'm saw your ad on craigslist for [x] service, real quick [lower your tonality]
are you by any chance looking for a good real estate deal? Chances are 8/10 they will say no, but the ones that do, will be added to your buyers list. Your total cost besides a few NO's is FREE!
Thank you Edgar! That's great.
Thanks! So what should I search?
Originally posted by @Jay Craig:
yup. Like everyone else said, I've heard if the deal is good enough it will attract buyers.
Thanks Jay! It's still fearful to make that leap -_-