All Forum Posts by: Jorge Espinoza

Marvin i used to use the same 9 page contract that a Realtor used in my State.Now i use a 1 page Purchase Contract with the same language and a couple weasel clauses i added to protect myself.Anyways try to get a Purchase Contract from the State your investing in or if you have any friends that are Agents that can provide you with one would be better.Start by eliminating all the Broker's stuff,Financing,and all other stuff that you don't think is needed also add all the legal language your State requires.HAPPY HUNTING.. :superman:

Regards,
Jorge

:superman: "Natural Born Go Getter" :superman:

I wonder what A&E has to say about this?And is always guy's like Sam Leccima putting out a bad name for investor's in the media.

Yeah i was always wondering how these guy's flip these houses so fast.so there goes Sam Leccima from Atlanta i wonder who's next maybe the Montelongos?

Stacey you can start by buying a course or a book or even going to your local library and start grabbing as much books about foreclosure as you can for free just dont forget to take them back.Hope this helps...HAPPY HUNTING... :idea:

Regards,
Jorge E.

:superman: "Natural Born Go Getter" :superman:

If you're really backing out of the deal because of the structual problems or pest inspection ,repairs or to much money to rehab i'll give them a "verbal and show" report on the things i found.Now if youre backing out because you can't find a investor cash buyer i would tell them my partner didn't approve this deal because of whatsoever.This is what i have on my contract "THE BUYER'S OBLIGATION TO CLOSE IS CONTINGENT UPON PARTNER'S APPROVAL AND RESULTS OF THESE INSPECTIONS BEING SATISFACTORY TO THE BUYER"The reason i have that contigency is because i have about 50 Cash Buyers on my team with different criterias on buying some want nice luxury properties some want fixers some dont want to spend more than $10k on repairs while others want condos, mobile homes, and land.What im trying to say here is always do your DUE DILIGIENCE on your target property and try never to back out of a deal, always use your formula,comps and estimate your repairs if you're doing that right i really doubt you'll have a problem finding buyers.HAPPY INVESTING...

Regards,
Jorge E

:superman: "Natural Born Go Getter" :superman:

Just want to say HAPPY MOTHERS DAY to those strong moms here in the world of Real Estate Investing keep up that great work and we love ya'll.

MOMMAS BOY FOR LIFE!!!!!

Regards,
Jorge

:superman: "Natural Born Mommas Boy" :D :D :D

Thats a real good book you guys should also try getting the Short Sales book by the same author and the "How to make money on abandoned properties"....HAPPY INVESTING.. :beer:

Jorge Espinoza
Real Estate Investments

" :superman: Natural Born Go Getter" :superman:

I need one as well.

quadcam, try going to your local city hall and ask for a list of homes with code violations i just got one here in Los Angeles California that has 200 properties listed. oh and i only paid $25 bucks for it. GoodLuck.. :D

Regards,
Jorge Espinoza

"Natural Born Go Getter" :superman:

I personally dont know much about an LLC but after reading this great message from all you guys wants to make me set one up for myself.How long is the process and for us Real Estate Investors should we just get the basic one if there is one because i thought i read an article on the web about 3 different kind which is the basic,standard and more advance i could be wrong im also going to start calling some companies that help you set up an LLC and try to get as much information as possible about advantages and Disadvantages and State fees for the State of California.Also is it recommended to get an LLC in a different state like lets say Nevada or Arizona because of tax advantages...HAPPY INVESTING.. :idea: :idea: :idea: :idea:

Regards,
Jorge Espinoza

" Natural Born Go Getter" :superman: