All Forum Posts by: Jose Diaz
Jose Diaz has started 30 posts and replied 218 times.
Post: To P.O. Box or not to?
- Renter
- Hialeah, FL
- Posts 239
- Votes 27
Originally posted by @Matt Ellis:
I use a PO box but I used to use UPS. With USPS you can now use a street address like UPS so it makes it easier plus it is way cheaper than a UPS and the address layout looks the same ( at least in my area)
What do you use as th registered business address since USPS prohibits this?
Sorry for double post everyone. I am on an android and don't have access to BP App yet.
Post: To P.O. Box or not to?
- Renter
- Hialeah, FL
- Posts 239
- Votes 27
Originally posted by @Michael Quarles:
I would not vote for a PO Box. However if you have one and decide to use it then use the post office address then box number so it looks like a unit number. Example PO Box 123 bakersfield ca 93312 converted to 3400 Pegasus Blvd #123 bakersfield ca 93312.
What is your reason for avoiding a PO Box?
Post: To P.O. Box or not to?
- Renter
- Hialeah, FL
- Posts 239
- Votes 27
I want to have an address that is not related to my home address. I know it's easy to find out where people live, however I wanted to differentiate the 2.
I was reading the USPS street addressing agreement and it states you cannot use the address for business legal documents. Does UPS allow this feature or no?
Post: To P.O. Box or not to?
- Renter
- Hialeah, FL
- Posts 239
- Votes 27
Originally posted by @Lamar Cannon:
@Bill S. Here you go.
USPS Street Addressing Link
awesome, another alternative.
Post: To P.O. Box or not to?
- Renter
- Hialeah, FL
- Posts 239
- Votes 27
Originally posted by @Account Closed:
I use a UPS PO box (at UPS store). The address is the UPS store address plus a Suite number. The suite number (which represents my PO box at the store) looks and acts like a normal address. Yet, it's really a box at the UPS store.
I like this very much. This solves issue for me. Thanks
Post: To P.O. Box or not to?
- Renter
- Hialeah, FL
- Posts 239
- Votes 27
Hello everyone, I was wondering what your thoughts were regarding a P.O. box for correspondence in investing. Is a strong enough deterrence for motivated sellers,buyers, investors or not?
Post: Is It ok to change exit strategy?
- Renter
- Hialeah, FL
- Posts 239
- Votes 27
I have been educating myself on REI for some time now and I am getting a better idea of what I want to do. At first I wanted to jump into wholesaling because it seemed like a quick start and quick way to earn my own funding. I believe I want to shift into fix/flip and more so buy and hold. I got the buy and hold preference recently went looking for places to rent with my family and noticed my area and city is very fond of apartments and condos and they rent quick. These property types are far cheaper than single family and cash flow same or more than SF with less out of pocket. As far as fix/ flip, I figured I would connect with a trust worthy wholesaler to get good deals from. Is it ok to have this change of perspective? I am taking it as getting to know what I believe fits me and my circumstances.
Originally posted by @Dan Walters:
Take into consideration that you are not dealing with your credit. You will be taking over someone else's mortgage and your performance on that is tied to that individual seller's credit. If you move forward with this transaction and 2,3,4,6 years down the road you decide to sell via short sale, you will be effecting their credit after they have already moved on from the property years prior.
In taking properties over sub2, you are providing a solution for the seller so they don't have to go through a sale that will negatively impact their credit. If the potential down the road is a possible short sale, just do it now and get it over with. Otherwise you run the risk of burning a bridge and creating a bad reputation for yourself.
Understood. Didn't think about that. Thanks
@Dan Walters @Terry Evans I would be looking at long term for this to make sense. If everything goes right, it may make sense as a buy/hold investment. However, no one knows what the future holds for us.
@Russell Ponce You are probably right as to the aspects of buy/hold. I still need to educate myself more to make sure this works or not. The negative equity is a real bummer, unless I can short sale it in the future.
Figured with sub2, I could cash flow the property if rents we going higher. Unsure if thinking that way makes a speculator or investor.
I doubt she has accounted for depreciation. This was supposed to be. her investment property, however market crashed and she got stuck with it.