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All Forum Posts by: Joshua McGinnis

Joshua McGinnis has started 60 posts and replied 417 times.

Post: Hard money wanted: 7-unit condo dev in West Hollywood, CA

Joshua McGinnisPosted
  • Rental Property Investor
  • Beverly Hills, CA
  • Posts 472
  • Votes 272

@Shawn Mims I know your area well as I live right off Beverly Blvd and La Peer. I have also been following all of the new development.

Let's connect as I think I may be able to offer you a lot of resources to help you along.

Post: It's official... I am bicoastal! I own properties on both coasts

Joshua McGinnisPosted
  • Rental Property Investor
  • Beverly Hills, CA
  • Posts 472
  • Votes 272

Congratulations @Jon Huber!

Post: How do record a 2nd mortgage - Los Angeles County

Joshua McGinnisPosted
  • Rental Property Investor
  • Beverly Hills, CA
  • Posts 472
  • Votes 272

An escrow company should be able to easily do this for you. PM me if you'd like a referral.

Post: Buyers

Joshua McGinnisPosted
  • Rental Property Investor
  • Beverly Hills, CA
  • Posts 472
  • Votes 272

@Rotonda Maunu Any active agent or developer, such as myself, in the Beverly Hills area has access to buyers and rehabbers looking for good deals.

That said, can you share more about the deal? Do you have it under contract? What's your role in the transaction?

Post: Good property managers in Los angeles

Joshua McGinnisPosted
  • Rental Property Investor
  • Beverly Hills, CA
  • Posts 472
  • Votes 272

@Devin E. shoot me a message and I'll send you some recommendations.

Post: New Member from West Los Angeles

Joshua McGinnisPosted
  • Rental Property Investor
  • Beverly Hills, CA
  • Posts 472
  • Votes 272

Welcome aboard @Matthew Mirkin 

Post: Daily Task as a Wholesaler

Joshua McGinnisPosted
  • Rental Property Investor
  • Beverly Hills, CA
  • Posts 472
  • Votes 272

@Dennis Williams Jr. it sounds like you are doing the right things. 

After the volume you are mailing, you probably don't need to spend more than a few hours a day on the actual business of wholesaling.

If you are mailing small amounts each day, as opposed to 1000 in one big blast, it is easier to pace yourself. You'll get several calls a day that will require you log them, research the subject properties you are interested in, and come up with your game plan for which ones you want to move on.

I'd suggest spending most of your time on lead generation + the due diligence on properties you are interested in + making offers.

I sent out my last blast of postcards in early Feb. Yesterday, I called back an old lead who wanted too much for her house. I told her my price and today, she accepted. I overnighted a contract to her and hopefully, will get it back in a few days. Doing all of this took very little time. In fact, if you look at the two calls I made for this one deal, I spoke on the phone a total of 7 minutes.

Pace yourself, don't burn yourself out, and definitely don't spend too much time worrying. Just recognize that it takes persistence and continuous improvement to make it happen. You got this.

Post: West Coast BPers, please advise!

Joshua McGinnisPosted
  • Rental Property Investor
  • Beverly Hills, CA
  • Posts 472
  • Votes 272

@Nancy L. Oh boy, this is a tough one since CA has so many great spots to visit. 

Here are a some of my favorites:

This question often pops up on reddit from time to time. Here's a good thread of other weekend getaway trips for Los Angelenos:

http://www.reddit.com/r/LosAngeles/comments/2bchkf/good_weekend_getaway_locations/

Here are a couple of shots of Morro Bay & Historic Los Angeles from my instagram:

Post: Introduction

Joshua McGinnisPosted
  • Rental Property Investor
  • Beverly Hills, CA
  • Posts 472
  • Votes 272

Welcome to BP @Billy Maloney 

My wife and I met and got married in Boston (Waltham more precisely) and we also got our start in real estate there. We still own a condo in Waltham and the experience of having that property while living in Los Angeles has been great.

Have you looked at Worcester? Last I checked, there were some good-looking cash flow properties near UMass that were affordable. There's also a wealth of property managers here on BP from that area that could advise you should you be interested in something.

Post: Distressed SFR in Los Angeles County

Joshua McGinnisPosted
  • Rental Property Investor
  • Beverly Hills, CA
  • Posts 472
  • Votes 272

@Eric Kang are you with New Western by chance?