All Forum Posts by: Damaso Bautista

@Constantia Petrou

I believe this is part of self managing.  You see I have a choice whether to self manage or to hire a managing company.  If I hire a property manager then I don't have to deal with the inconveniences of renting a property.  

If I was you I would consider hiring a management company so that you don't have to deal with "tire kickers".  If you choose to self manage, consider it part of the job.

Just my thoughts on the matter.  

@Peter Fuentes

Like many people who have a newly found interest in real estate investing, you are looking for the shortcut, easy way, the goose that laid the golden egg.

I would try educating yourself about the industry, picking a strategy that you can make a billion dollars doing so, figure out how you can get the this point, make a plan of action and then follow it.

I will tell you that from my experience there is no short cut, there is no magic answer, there is no easy way to make a billion dollars. 

Real estate is like any other profession, if you want to make it big and be very successful at it, you are going to have to work hard sometimes for a lifetime to get there. 

If you are convinced that real estate does not have enough deals to make money consistently, I say great leave those deals to others that are working hard to get them.  Its not someone elses job to prove you wrong, do your own work to prove yourself right or wrong.

Obviously there are people who are making money from real estate, it is your job to educate yourself to find out how.

I don't know what else to tell you.

@Cj McDougal

Read California Civil code 1954 which regulates landlord entry.

Unless you read it and have a different interpretation than me 

In California: The only legal way for a landlord to enter a property without consent is for an emergency or if the tenant has abandoned the property.  Even with proper notice given.

That being said read the section for yourself because there is a section about the property being sold and giving 120 days notice. This section does not address entering without permission.

That being said, COVID just makes things worse for the landlord because even if you were not sanctioned for entering citing the civil code section that allows for entry to show the property, if someone gets COVID because of your entry, I would think you would be found liable.

I would rather be safe than sorry.  I know that is not the interpretation you were looking for.  If you are hell bent on going in without consent, I would consult an attorney.

https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV§ionNum=1954

@Tyler Colon

Your question is funny if you think about it because there are great cash buyers thinking he same thing about you.

How do I know Tyler Colon is the real deal.

Put what you have on the table and believe me if you are the real deal you will have no problems finding the people on your list that are the real deal.

@Briana W.

1. Go to the police and ask to get a copy of all police reports for that address and pay the fee. They should mail it to you or n a week or so. Bring paperwork that shows you are the owner of the property.

If they say you are not a party involved in the incident then you walk to the next building over City Hall.

2. Walk into the clerks office and tell them you would like to file a freedom of information act request. Fill out the request, pay your fee and you will have the reports mailed to you.

Good luck!

@Mark Coveny

Nice post! The first sentence looks like it came right from my own mind.  I 100% agree that the road to financial freedom is a marathon.  I believe that more people would be successful if they played the long game consistently.  It does take will power to achieve this but it is attainable.

@Danual Berkley

I think having the personality or ability to not take F-off personally and go with your game plan.

If the worst that can happen is a seller telling your to F-off that is not that big of a deal if there is one seller that says OK.

No one is saying that every offer is going to get accepted or that it is comfortable making low offers.  This is part of a strategy to get an upper hand when investing.

You know what you are comfortable with.  Just know that there are some very good silver tongue real estate investors who have the gift of gab and make these deals come through.  

Do a self assessment and figure out your game plan.  Don't get mad when your competition is getting a deal because you can't deal with someone telling you to F-off.   

Just my opinion!

@Ahmed Elias

Before hiring anyone, I would first make an appointment with the planning department in the jurisdiction the property is in.

I would make sure the planning department, building department, and zoning department will all sign off on your plan.

Once this is done you will have a clear idea of what is going to be expected of you to get your place rebuilt and running.

After this you can then plan and start speaking to engineers, general contractors and such.

Doing this prior will be all for loss of the local government regulators say you can't do it.

Just something for you to consider.

@Allison Adams

You make it seem like living for free is not a big deal.  This represents the majorities biggest expense in their life.  With you not having to pay for housing your are that much better off.  You are now able to save that money you would have spent on housing and save for your next investment.

Congratulation and much luck on your next adventure!!!!

@Account Closed

Yes in concept but regulated differently in different states.