All Forum Posts by: Gerald Donaire

Yes I am asking for help on running numbers. I will be meeting with the seller to check out the property so I will dig up as much information as I can but I see what you’re saying, I guess I’m looking for quick profits but I understand it does not come that easy. Thank you for your answer man I appreciate it!

Hey BiggerPockets community!

I have received a lead from a motivated seller. I am trying to figure out what kind of investment strategy I should go about this deal. (Stockton, Ca)

It’s a duplex with tenants occupying both units located in a bad quality neighborhood. They do not want to hassle with brokers so they would like to sell off-market, property has been paid off so I would assume they have equity built. Seller has mentioned both units are outdated and poor condition. We have set a time and date to view the property this weekend.

I do have a lender and realtor so financing and legal contracting is not an issue but I have not yet come to them for advice. 

My question is:

How could I generate profit with this off-market duplex in a bad quality neighborhood?

Thank you in advance for your help!

Gerald Donaire

Hey BiggerPockets community! I received a call from a property owner looking to sell his duplex after seeing my mail piece a couple times. I am trying to figure out what kind of investment strategy I should go about this deal. It is a duplex with tenants that have been living there for 5+ years, located in a bad quality neighborhood.(Stockton, Ca) They do not want to deal with brokers so they would like to sell off market, property has been paid off so I would assume they have equity built. However, I do have a lender and realtor I am working with. Ultimately I would like a partner that has experience with purchasing multi family in such area. My question is: How could I generate profit with this off market duplex in a bad quality neighborhood? Thank you in advance for your help! Gerald Donaire

Hey BiggerPockets community! I received a call from a property owner looking to sell his duplex after seeing my mail piece a couple times. I am trying to figure out what kind of investment strategy I should go about this deal. It is a duplex with tenants that have been living there for 5+ years, located in a bad quality neighborhood.(Stockton, Ca) They do not want to deal with brokers so they would like to sell off market, property has been paid off so I would assume they have equity built. However, I do have a lender and realtor I am working with. Ultimately I would like a partner that has experience with purchasing multi family in such area. My question is: How could I generate profit with this off market duplex in a bad quality neighborhood?

hey Tyler! Can’t wait to see what you have in store for the next meet up!

Welcome to California Travelle! Here is a great article about investing in Stockton Ca. I've read the article not too long ago by @Wes Blackwell It has valuable information and I found it very helpful.  Hope you do do so as well! 

https://www.biggerpockets.com/forums/627/topics/42...

Gerald Donaire

@Joseph Martin @Chris Mason Wow great advice. I am just a little more confident now that this subject has been cleared up and I now have better direction to get to my next goal. Thank you guys!

@Bob Okenwa Thank you so much Bob!

Should I have a analyzed deal ready to show a lender before getting pre approved for financing or should I first get pre approved before wasting my time finding and negotiating deals knowing I might not get approved on a loan? 

@Antoine Martel Hey Antoine! Nice to meet you! Im still trying to get the gist of how things work on Bigger Pockets social network. So far so great.