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All Forum Posts by: Francisco Milan

Francisco Milan has started 40 posts and replied 85 times.

Thank you guys for your responses so basically what I am seeing the reason for those landlords that got crushed in 08 was due to some of the following reasons

-Getting NINJA ARM loans

-Low Down Payment Loans

Once unemployement hit tenants could not pay the rent so these landlords that got NINJA high ingerest loans could not get these homes rented out so now landlords had to drop rents and even sell their homesf or a loss or let them go 

Hello

I have heard this over and over again from previous investors that lost it all in 2008 and I am starting to hear it right now again. How do these individuats loose everything due to being overleveraged?

Quote from @Wayne Brooks:

@Francisco Milan
Survey….no, but you’d have to do this to subdivide.

Subdivide….maybe. It depends on if smaller lots would be buildable, the costs to subdivide and if the smaller lots are in demand and priced at higher $/sf.

Septic/well…not any more than the cost to install, plus buyers may want them located in a different spot.


 Can you please elaborate a bit more ? 

Quote from @Ryan Swan:

That's strange that you're getting mostly CA applicants. I had an issue once where Zillow thought my rental was in California (it was showing it on the map in Sacramento). Turns out it was an error in how zillow was interpreting the street name + suffix, which I believe was a bug in the listing being syndicated to Zillow from my PM software. After manually fixing the address, Zillow took a few hours to "refresh" before my rental was shown in the correct AZ location. Try viewing your own listing in a different web browser as if you were a prospective renter and make sure the location and all relevant details are accurate. 

As others have mentioned, you really shouldn't have any trouble renting right now. I just listed a property in Scottsdale for $500/month more than the previous lease and receive like 6 sight unseen applications within 48 hours of listing. I even had a couple parties offering more money per month and longer lease terms if I'd bump them to the top of the list. 


 Thank you will check this out

Hello

I am a bit new to land there is a piece of land a homeowner is selling to me which is zoned the following

(0004) VAC UNDETERMIN RURAL NON-SUBDIVED 

My question is how can I increase the value of the land? Does the following add value to land

1st. Rezone
2nd. Survey
3rd. Septic
4th. Well

Anything else you recommend doing to increase value on this land? 

Hello

Just curious to see what you guys are ok with making per flip % wise. 

Whats your average?

Do you have your own rehab crew?

Do you pay for agent real estate fees? (I ask because I am an agent myself so I save 3%)

Post: Skip Tracing LLCs & Trusts

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 85
  • Votes 26
Quote from @Mohammed Rahman:

Hey @Francisco Milan - I don't know of any company that can do this, but if you find someone let me know. One thing that's worked really well for me is looking through county deed records of the addresses that the LLC's are being housed under.

I'd say 50% of the time the LLC address leads to a residential property, that I can then skip trace.


 Id do that but the list I wnat to look up is 10k records

Post: Skip Tracing LLCs & Trusts

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 85
  • Votes 26

Hello

Does anyone know of a company that skip traces LLCs or Trusts at bulk? I had a guy but he no longer does this. 

Post: Skip-tracing LLCs / Trusts / Companies

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 85
  • Votes 26
Quote from @Joseph Back:

Best skip tracing service out there is finding a VA with a TLO subscription and using them. We use a guy form Upwork who charges $.25 a search with no minimum. So far numbers from him have had 40% success rate, meaning 40% of people sent we were able to call and get in contact with using numbers he provided.


 Hello Joseph, do you still have this contact ? 

Quote from @Christen G.:

I get a fair amount of leads (and do my screenings) through Apartments.com. No fee. I also list at Zillow which pushes to Trulia and a couple more. I find Facebook to be exactly as you described and while I list there, I add the application link to the Apartments.com listing so I don't have to reply to 40 "Is this available" messages. I also list w/ our local housing authority and their partners. I'm in a similar situation as you right out in the PNW. Getting a lot of inquiries, but a lot of it is from out of state and a lot arent meeting our minimum qualification standards. Best of luck to you.


 I see thanks for taking the time to reply Chris, I will list on Apartments.com right now