All Forum Posts by: Joshua Ferrey

@Fernando Alonso Hey Fernando I really appreciate you taking the time to give me this insight 

@David Litt Hey I really appreciate the info and I will go through with a fine tooth comb to see my best option 

I've begun to drop the price so I'll keep that in mind. I haven't mentioned a short sale yet but may in another weeks. 

Hey BP! So I'm wondering if anyone knew about a possible resolution for my situation. I got a hard money/private loan a couple years ago but was never able to refinance out of it to a traditional 30 year and now the house is in the start of foreclosure. I decided to put it for sale before the fc but haven't had any offers in almost 2 months. Any possible solutions if it doesn't sell in the 3 months I have?

@janacain Thanks! Its a block off of Fruitvale near E.27th St. Theres been some serious appreciation in the area similar to most of Oakland so Im anxious to do my refi and start the fun hunt for the next property! I hear Richmond is blasting off to outer space these days with all the development and the new ferry terminal opening up??

Happy Holidays BPers! Im just starting my research on investing in SFR's in JAX and was wondering what kind of economic drivers are providing the jobs. Also what are some other attractions bringing people to live in the metro? Thanks in advance!

Investment Info:

Single-family residence buy & hold investment in Oakland.

Purchase price: $240,000
Cash invested: $10,000

the rehab is still in progress so stay tuned!!

How did you find this deal and how did you negotiate it?

Arms-length acquisition

How did you finance this deal?

seller financed 3 years interest only until refi

How did you add value to the deal?

Ive redone a lot of interior and plan on adding an ADU..

@Jo-Ann Lapin @Eric Black @Ben Tilbury Thank you all for your prompt responses!!

Hello BPers!!! Im looking for a single family home or modular in the Santa Maria/Nipomo area of California as an investment property. Can anyone recommend a realtor they may have worked with and has a quality track record? It would be a great help. Thanks in advance!!