All Forum Posts by: Joel Bongco

Hello BP! My names Cody, I'm 24 year old recent college graduate looking for experience within commercial real estate. Wanting to get hands on experience and mentorship (willing to work for free) with anyone looking to help in the Los Angeles area. Feel free to private message me if this is something you are interested in. 

Thank you for the advice, yes I saw the breaks in the video as he was running the line.
The quote for tunneling 45ft and replacing pvc is crazy Expensive. It is definitely the “retail price” he quoted me. I will ask again regarding pipe lining options. When I inquired about it, plumber said lining, it is usually not prefect since this is PVC breakage not just pipe cracks and the cost saving is not significant enough and maybe headache down the road.

I will try to get more quotes and maybe a company that specializes in pipe lining options.

I was told foundation work / under slab pipe repair is common in the Dallas TX area due to soil type. I just can’t imagine how everyday people spend this much money on pipe.

I don’t think insurance covers any of the foundation repair, also wonder if insurance will cover any of the sewer line repair work? Is it worth filling a claim?

Any advice/recommendation/similar experience is appreciated.

New to being a landlord, and already forked out $20k for foundation repair on this rental house. Now the post test reveals I have pvc sewer line leaks under the concrete foundation. plumber has found multiple breaks in the line which need to be repaired and has provided an estimate for tunneling under the house and replacing entire 45ft main line!

Definitely a very expensive lesson learned, need recommendations for a reasonable priced, good contractor please?

Hi,

Is there a way to download specific addresses for houses in a certain area online? whether for sale or not.

Ex. all houses in Sierra Madre, CA

Thanks!

Hi all. Has anyone used Anderson Advisors for real estate ? If so, how was the experience ? 

Thanks ! 

I’m looking to move out of the current "red ocean" of real estate wholesaling and focus on helping sellers with problematic titles, such as liens, divorce issues, probate, quitclaim deeds, etc.

All my previous high-value assignment fees came from working with sellers who inherited properties without a proper deed. In those cases, the title company guided us on the necessary steps to resolve the title issues, and we did whatever was required to close the deal. However, I haven’t closed on those types of deals in a while. I’m not focused on volume, but rather on maximizing the assignment fee per deal, compared to doing multiple smaller deals to achieve the same result.

My question is: Where can I find sellers with messy titles? I’m in the Greater Seattle area—would paid ads work for this niche?

I've noticed a growing trend among new real estate investors in my area. They tend to avoid properties that need renovations. Ironically, these are often the best opportunities to build equity and find great deals. It seems there’s a common misconception largely influenced by social media, online courses, and influencers who oversimplify the process that real estate is an easy, passive way to generate income with minimal effort.
As someone who occasionally works with these investors, I always try to emphasize the challenges that come with real estate like managing renovations, dealing with tenants, and navigating market fluctuations. With all the resources available today to research and learn about the industry, I’m surprised this “easy money” mindset persists.
To me, real estate is far from passive or simple. It requires hard work, strategy, and a willingness to take on projects others might overlook. I’m curious have others here noticed this trend with new investors? How do you approach educating people on the realities of the business?

Hi BP community!

Have an interesting situation, looking for ideas on the best way to solve a problem for a distressed homeowner.

The family purchased a lakefront property in a nice area three years ago but then ran into a series of issues, and have abandoned the place because of them.

They are hoping the bank allows a short sale (asking for roughly $20,000 under what is owed)

Here's what's made them so unhappy:

Anytime they used the laundry it was dumping into a dry well, which would back up into the house forcing them to take their laundry to a laundromat instead!! The family has three kids, could you imagine taking all that to a laundromat!

In addition to that, the septic tank is undersized for the size of the home. They were getting it flushed several times a year!

Because of the frustration, when asked to purchase the large lot in front of their house which leads to the main road, they turned it down. This has created a "shared driveway" with the neighbor making an ugly curb appeal, not to mention cutting their lot in half. Who bought the lot in front of their house for $20,000? An auto body shop across the street that "stores" cars needing work there.

Since abandoning the home, major landscaping would also be needed to clean up the walkway to the water.

There are no pictures of the inside, yet, but no major interior renovations were mentioned.

- My first thought is offering cash, but the home owner would most likely just let it go to foreclosure because of how low the offer would be.

- My second thought is offering some cash and taking over the loan - there are no liens on the property yet.

The agent turned down a seller financing option - although it was not ran by the seller - because the agent said the seller is so done with the property that she wants nothing to do with it at all. However, I didn't lay out what that seller financing offer would look like because I'm really not sure if a deal can be made or how that financing would look.

I'm hoping to find a way to get the home owner some money in her pocket if possible, although I need room for an investor to fix the issues and hopefully buy the lot back from the auto repair shop.

Please share any ideas you have!

Thanks!