All Forum Posts by: Damaso Bautista

@Ruben Marquez

Save them chips because the LA market is one of the most expensive in the United States.

If you have Chips, a great credit score and a great paying job, you can do it.  The competition is steep but if you are prepared for when the deal comes across your plate then you can get it done.

Good luck!

@Dalila A.

Is this real or fictional because if you can find a property for $125K and it rents for $2300 like you have it, those numbers will work all day long.

@Steven Quinones

Hey Steven your first conversation should be a basic fact finding mission conversation. Start off like that. Try to find out as much as you can about what the sellers idea is, what his motivation is, what he is looking to get out of the sale.

Then from that work in a manner to try and solve those things that the seller is looking for in a manner that best suits you.

After the conversation you may find out that you aren't even equipped to handle the situation you are facing or you may find out that this in fact is a great opportunity. 

Have confidence in your approach.  

Good luck!

@Kalib Williams

This is great Kalib!

The thing most people fail to do is over budget.

The rehab will cost more then you budgeted for 

The rehab will take longer then you planned for

The time it takes to sell or rent will take longer then you planned

The holding costs will be more then you planned for

If you take this into account while planning, you will not get caught in a bind financially which is where most people get caught up.

Time and money, make sure your deal has big margins that way you guarantee you come out ahead.

Good luck!!

@Lawan Brown

The best way is to be prepared.  Have all your stuff lined up like a deal is right in front of you now.  Work through the scenario you are looking for or training for.  

When that scenario presents itself you are acting instead of reacting.

Your process should be down pat.  Your money has to be ready to go. Your paperwork has to be ready to go.  Your speech has to be ready to go.  Your contingencies have to be ready to go.  All of these things that are ready have to match your confidence.  

Anyone can talk a good game.  It is the person who talks a good game and can close that is the winner in this game. 

Just my opinion.  

Good luck!

@Kevin H.

If the right deal fell in my lap I would buy in a second.  The only thing I can do is be ready for when the deal drops.  It doesn't happen often but when it does I am ready.  

I am biased towards appreciation because that is where I have made money here in California. 

Cashflowing $100 a door seems like its not worth it from my point of view but I would not be against it with any out of state investments that are low cost.

As far at the other issues with this state.  I have lived here my whole life so I don't know any difference.  

@Adam L.

Unless this is a lifestyle purchase meaning you plan on using it for your personal use and have the ability to pay this amount for something like this, It seems like too much money for what you are getting. 

It for sure doesn't look like and investment play at first look.  

There are more details that are needed.

Now if those 12 acres are on in an undeveloped are near Aspen Colorado that you plan on developing, then maybe you are on to something.  This is just pure conjecture and I have no experience in that market.

@Jesus Sosa

If your contract is assignable and it is a great deal, then you might be better off trying to wholesale it.  At least you will make some money off of it.  

If is it not assignable I guess you will have learned a good lesson and the seller will have also.

Good luck!

@Diele Gonzalez Da Silva

Then take more money and put it in Crypto.  This is my point from the beginning.  Every investor has their own money.  You are the controller of your money.  You can invest in what you want to.

I just gave an example of what worked for me that is all.

@Khanesia Washington

As long as a signed release is provided, I have no problems giving a true review of the tenants. I am professional in my response and its all factual.