All Forum Posts by: David Espinosa

Biggerpockets.com/files you may have to fix one up to meet California standards. Then I would suggest getting a lawyer to put their stamp of approval on it before using it.

That's good don't get overworked till you talk to engineer.

I would also say that if you are buying off the mls getting an agent is free for the buyer I strongly suggest getting to know one. If you are buying off market I would suggest getting to know a title company to help with the transaction.

I would suggest being there for the inspection so you get a good idea and talk to the inspector about the situation could be minor but don't wait for the report it may come back too late.

Looking foward to it!

I would suggest "house hacking" by getting a 2 to 4 unit using a fha loan. You can get in for 3.5% down live in one side and rent out the rest. It will give you the 2 year experience alot of lenders will require to start using rental money as income. It will also give you experience as a property manager to see exactly what is required of one if you do decide to sublet that out. You will have to occupy one of the units within 60 days and be required to live there for at least a year.

ummmmm...... Tesla plans to turn on their version of lift/uber and you can turn your car into a taxi while you are doing your own thing. You put in a time you want it to come back to pick you up and it comes back. Tesla takes  25% of profits but sounds like its going to be a asset pretty soon. 

For apartments look for ones were they have multiple listings not in great shape but may have potential. Go in as a possible tennant tour around a couple units then tell the manager that you are an investor and to pass your info or get the info of the owner. Keep in constant contact with manager until you break through. Alot of people will tell you go with a broker but thats what everyone else is doing if your willing to put in work and time you can get some great deals this way. Same for trailer parks. Get creative!!

You can also drive some of the neighborhoods and look for bandit signs. Think what would a motivated seller in your areas do to come across wholesalers and do that. 

I've met a few wholesalers some focus just in one area and some have a large area they cover. There are a couple of investors in my area starting a new meetup for networking type purposes. Maybe you can be the guy that starts it in yours. You can also look on Craigslist or google in general and call some of the we buy houses numbers and say hey I'm an investor and would like to see your inventory or put me on your list or meetup with them and give them an idea of what you are looking for.