All Forum Posts by: Jonathan Casillas

Thanks for a well written post. Got me to think deeper on where I will be investing in general. 

I would have to say that depends on some things. First thing that comes to mind is population and percentage of current unemployment. I would figure out worst case senerio job loss wise and figure out what that would do to the local job market ( hence the population and current unemployment).  I would also look at current crime rates and figure out what the job loss would do to that. If your comfortable with that number then I would keep moving forward. Just my two cents. 

This would be a good post for the Market Place (note you have to have a plus or pro account to post). As a facilitator I don't see this being that hard to find in the private lender / banker arena.

Freedom, Kids and Family

Welcome to BP. Dig in and have a blast. Good luck.

It depends on the type of loan type your looking for and whether or not you will have owner occupied any of the units. If you occupy any of your looking at FHA (better rates less down payment). There are other ways of getting loans besides the conventional ways. Some lenders look at cash flow to make sure the income can support the debt and will probably want you to have a experienced property manger managing. You flipping a house with your mom can be of some help (show you can forecast and pull a profit) but flipping and land lording do require different skill sets. Hope this helps you.

The feedback I can give you will not be for this exact situation. But here is my 2 cents. If your going to do wholesaling FIND THE BUYERS FIRST. Figure out what they want and then go find that. If you do it this way you wont have the "cant sell it " problem. On the do you need a realtor that depends on the realtor. Most realtors I have come across see wholesalers as competition ( weather you are or not is up for debate) so they will fight you instead of helping you. On the other hand find a good "investor focused" realtor and you will find buyers and can send deals to them that don't fit the wholesale mold. On the contracts there is some standard contracts floating around BUT if I where you I would talk to some wholesalers in your area and see what clauses they recommend. Hope this helps.  

welcome and dig in. 

A lot of people say whole selling but I find that the best whole sellers are those with real estate experience. You could try your hand at "bird dogging" for some flippers in your local REIA group. That would a way of being helpful, making some money and networking with people that are A: doing things B: A great resource for when you start learning "on the job".

More detail on what your truly trying to do would be great. If your looking at becoming the "expert" in your area I would look into free speaking spots. Things like rotary clubs, Churches, toast masters. That would give you both practice with your pitch and exposure to large groups at one time. You could also look into small "vendor only" type trade shows. Things like contractor shows and such. I would ask the organizer if you could teach a "class" and at the end give out your contact info. Hope this helps.