All Forum Posts by: David Torreggiani
David Torreggiani has started 11 posts and replied 25 times.
Post: Buying property with child support liens?

- Posts 25
- Votes 13
Hello, have you ever bought a piece of RE that had liens? In this case I am looking at child support liens on a property. It should not matter as they are paid at close by the seller (or at least this is my understanding).
Just checking if any of you had experience in the matter.
Post: Loan for lots? What is the best option?

- Posts 25
- Votes 13
Hello,
I have a potential deal coming up soon. 3 lots (half acre) with a house that will need to be demolished.
Was thinking of clearing the lot and flip. I am not sure what/if this type of deal can qualify for a loan.
I was considering hard money, but wanted to get some input from you pros on what would you do.
We're talking less than 200k.
David
Post: How do you decline properties?

- Posts 25
- Votes 13
Hello all,
Do you reply to all possible leads (from a mail campaign), even if you're not interested in the property?
I saw many sites promise a cash offer within XX hours.
What if the person is expecting a reply with an offer, but you're not interested in that property anymore?
Post: Finding/contacting property owner

- Posts 25
- Votes 13
Hello all,
I have found a decent vacant property while driving for dollars. Looked up the owner via appraisal district records and tried to find a good contact number.
I have tried all numbers/emails i could find, but nothing so far.
Do you have any idea on how to reach the property owner? I have involved my realtor to see if he can help out as well.
Just checking if any of you had the same experience and what they did to move forward.
Thanks
David
Post: Mice!! Has anyone dealt with it in a BRRRR?

- Posts 25
- Votes 13
Hi all,
i am checking out this property, which seems interesting for the price/zone. In the seller disclosure document, among many other issues, I see mice/rodent infestation which apparently caused a few "holes" in the outside wall.
I was wondering if anybody ever dealt with something like this and if it's just a matter of fixing the entry points and call a good exterminator.
Post: First tenants, 3 months in and they're out of money and work

- Posts 25
- Votes 13
Seems done on purpose to me.
Long term request to make the landlord "like" you and be willing to "work with you". Payment(s) ahead of time the first couple of months. Then the "problems" start...
Dumb question: What are the laws when children are in the house?
I like the 10 day notice suggestion. I wouldn't personally ask them/suggest to sell their furniture because I'd prefer to have them out for good.
If you "work with them" once, you're on the hook.
Post: Help on analyzing a deal

- Posts 25
- Votes 13
Quote from @Matt M.:
This wouldn’t work for me. To me $100/month cash flow isn’t worth it.
Post: Help on analyzing a deal

- Posts 25
- Votes 13
Hello all!!
I am still getting used to analyzing a deal. Today I came across something that seems decent on paper.
Can you gurus help me validate this analysis and let me know if something like this is worth pursuing (in your opinion)?
It would be out of state for me, but i know the area as i have been there a few times to visit family.
https://www.biggerpockets.com/...
Thank you!!
Hello,
I'm looking to connect and get in touch with Dallas/Houston wholesalers. Are there any here in this forum or do you know of anyone?
Thanks
David
Post: Market forecasts, what is your strategy?

- Posts 25
- Votes 13
Quote from @Jeffrey Albaum:
Hi @David Torreggiani. This is the billion dollar question! From my perspective I've always held that it doesn't make sense to try and time the market.... I always just want to buy good deals. As long as there are ample reserves in place, the property cash flows, and I can have multiple exit strategies (turn a flip into a long term rental, turn a short term rental into a mid stay rental, etc) I feel good about it. That being said - if anyone does have a crystal ball and can shed some more insight I'd love to know!!
Good insight, thank you!
And you're right it definitely is a billion dollar question. I am not looking for answers, but for your opinion(s) on the matter as active investors.