All Forum Posts by: Daniel Smith
Daniel Smith has started 8 posts and replied 42 times.
Post: Should I charge my Girlfriend rent?
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
If she really loves you she will pay all the rent
Post: Investing in Cleveland from California let's meet up
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
I live downtown let’s link up
Post: Who should I market this Hollywood development to?
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
Awesome thank you
Post: Who should I market this Hollywood development to?
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
Lots of good information so far thank you guys
Post: Who should I market this Hollywood development to?
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
I sent you an email
Originally posted by @Michael Ealy:
Originally posted by @Daniel Smith:
So one of my friends is a developer and was going to build a triplex on land he has in the Hollywood hills on Beachwood. He’s now allowing me to wholesale it. It comes with approved plans with permits ready to pull. In total it’ll be 12 bedrooms 9 baths with an 8100 SQFT build out. Each unit will have a 2 car garage. To me it seems like a really good opportunity but I’m new to Los Angeles so I’m not sure who to market it to exactly. I’ve tried some development companies but is there a niche you typically target when dealing with these types of deals. Please let me know any advice is greatly appreciated.
Daniel,
Hard to say without knowing the price point. How much will each unit sell for?
Post: Who should I market this Hollywood development to?
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
So one of my friends is a developer and was going to build a triplex on land he has in the Hollywood hills on Beachwood. He’s now allowing me to wholesale it. It comes with approved plans with permits ready to pull. In total it’ll be 12 bedrooms 9 baths with an 8100 SQFT build out. Each unit will have a 2 car garage. To me it seems like a really good opportunity but I’m new to Los Angeles so I’m not sure who to market it to exactly. I’ve tried some development companies but is there a niche you typically target when dealing with these types of deals. Please let me know any advice is greatly appreciated.
Post: Having a hard time finding California land buyers
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
I’ve been trying to find someone to buy this land I’m wholesaling in Bakersfield California. I’m located in downtown Los Angeles I’m just not sure what I’m doing wrong. The land can be turned into an R3 and it will go for around a million once properties are built on it and sold. Anyone have advice they can give me? Were asking way less than what we think it’s worth.
Post: I just moved to downtown Los Angeles (wholesaler)
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
I just moved to Los Angeles and what are some ways you guys have found investors for properties over 1 million dollars in value. I just got back into wholesale after a few years so I’m a bit rusty. Any advice you may have about working in California, lead gen, finding investors, etc is greatly appreciated.
Post: How do I have a roofing claim transferred when purchasing a home.
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
Originally posted by @Russell Naylor:
@Daniel Smith Hmmm I'm honestly not sure about that as I've never had to work in a situation like that. When there are lien holders and legal implications claims get taken out of my hands and are handled by a special group in our company. I would assume you could put some kind of clause in for the insurance payout, though.
yea its quite a tricky situation.
Post: How do I have a roofing claim transferred when purchasing a home.
- Wholesaler
- Los Angeles
- Posts 46
- Votes 5
Originally posted by @Russell Naylor:
I'm an adjuster and as far as I know there is no way to "transfer" this. If they are filing the claim on their insurance, then all checks would go to them as the named insured and they would have to sign that over to you. Or get the work done with a contractor that you approve of to work on the home.
Insurance policies are contracts, and insurance companies are legally obligated to only work with the contract holder. Hope this helps, let me know if you have other questions.
Could I just put a clause in the contract saying any money received from the insurance claim be paid to buyer? By the way it is forced insurance from the lien holder due to the homeowners lack of payments to their own insurance.