All Forum Posts by: Haim Mamane Palman

@dean Leftus

It's all about the numbers and the comfort level of each investor. If you know the area and have experience working in this area. It's a good deal.

I've in contact with your guy :)

@Curt Davis

All I can say is that every seller has their own circumstances on why they want to sell.

Any serious investor should do their own due diligence before deciding to buy anything. That's definitely should be the case here.

Welcome Michael! This site is a gold mine of information, you just need to dig and find what you need. Whatever information you need, you will find it here and if not, start a forum and ask a question, within hours people will respond to your questions.

If I was you, I would start with subscribing to the BiggerPockets YouTube channel and watching all the short videos there and then listen to every single Biggerpockets podcasts. It's important to figure out your niche fairly quickly (wholesaling, buy and hold, flipping, etc) because it's very easy to get lost and overwhelmed in this field.

Good luck in your journey.

"Ever tried. Ever failed. No matter. Try again. Fail again. Fail better"

Three fully occupied duplexes with good standing tenants available for sale. Asking Price per duplex is $39,900.

Properties Addresses:
3345 Dungreen St. Memphis, TN 38118. Rent: $535+$525= $1060.

Currently rented with good standing tenants

3375 Wingate CV, Memphis, TN 38118. Rent: $575+$575= $1150

Currently rented with good standing tenants

3401 Eastport CV, Memphis, TN 38118. Rent: $510+$510= $1020

Currently rented with good standing tenants

Total Monthly Expenses per duplex: $520
property taxes ($140),
insurance ($60),
property management ($90),
repairs ($140),
vacancy ($90).

Estimated positive monthly cash flow per duplex: $550-600.

Estimated Cap Rate: 16.5% ($6600/$39,000)

Current rent rolls available.

Please contact [email protected] for additional details.

Great Single Family Home in a nice quiet neighborhood.

Address : 3626 Mccorkle Rd Memphis, TN 38116

5/3.5 2598 sq.ft

After Repair Value: 96k-120k
Estimated Repairs: 30-35k
Asking: $49,500

contact [email protected] for more details

That's true you can connect only one cell phone. Nonetheless, you can set up google voice number per gmail account. The main goal for doing this is to track your marketing. So you can set up multiple gmail accounts with multiple google numbers. When someone call and leave a message you will get a transcribed email of the message to this account. But when you call them back it will be from the one google number that linked to your cell. Remember the goal is to test and track the marketing not to call them from a google voice number. I hope it make sense.

Hi Josh and Welcome to BP.

Why do you want to invest in CA? As a buy and hold strategy, it's very hard to find strong positive cash flow properties in CA compared to OH for example. What's great in CA these days is the appreciation potential. But you don't want to base your investment on the assumption that prices will continue to increase (i.e. the 2008 crush). Appreciation should be the bonus, the icing on the cake.

If you still want to invest in CA from OH, I strongly recommend to use a property management company to manage your property and handle all the tenant related issues etc. I would actually recommend to contact property management companies BEFORE you buy a property to better understand the area, cost, issues, benefits, etc.

Good luck

Quick disclaimer, I'm not a lawyer so this is just a personal opinion of another investor/wholesaler.

LLC has it's advantages such as asset protection and tax benefits and disadvantages such as cost ($800 in CA where I live) and following all the required protocols, docs associated with it. @AliBoone wrote a nice piece about it few weeks ago. you should check it out.

There is a common belief that LLC is a good entity for passive investments and corporation entity for active investment strategies such as wholesaling and rehabbing. There is a ton of information on this blog on this topic.

As a beginner, I recommend just to get started, take massive actions and get few deals under your belt. Then you can do more research and decide which entity best fits your needs.

Knowledge+massive actions = Success

Good luck

Hi Aaron and welcome. I'm also from the CA and you are right prices are out of control right now. I acquired a property in Stockton about a year and half ago and it cash flow nicely. If you want to stay local I think that you can still find properties in Stockton in the 125-140k range that will rent for 1200-$1400. It's not amazing cash flow but it's CA.

If you want to explore out-of-state investments, which I recommend, you can find much higher returns in markets such as Chicago, Atlanta, Memphis, Indianapolis just to name a few.

Good luck

I don't think you should have an attorney review every single contract especially if it's a standard transaction. You should use a standard state approved contract and if you don't have one you should ask your title company or closing attorney to provide standard and simple Purchase Agreement.