All Forum Posts by: Leo Padilla

I've been thinking about purchasing a property that's FSBO. Anyone familiar with what documents I need to execute it?

Would it be a written purchase agreement kind of like a wholesale contract but with the terms changed accordingly to actually purchase the property?

Any information is appreciated, thanks (:

Looking for a lender that’s investor friendly with va loan. 
also, a question about rental income. So I know if I purchase a mfr I can use the rents as income. Does anyone know if I can do the same with sfr if my initial plan is to rent the rooms out?

Thanks @Dmitriy Fomichenko

@Ryan Kelly that’s great! Yeah I love how nice Georgetown looks, and I’m actually alil familiar with the area due to being station in fort hood during my time in service. 
so I can’t wait to head back. 

@Jordan Moorhead I was looking to originally house hack with a mfh but I couldn’t find any properties on the market ie Zillow. 
MFH would Be more ideal for my situation due to having a family.  

Awesome, thanks for the advice @Bryan Noth. A 4 br home will suffice. I plan to reside in one, obviously, rent 2 and Airbnb the 3rd. 
so I’m sure it’ll pass through code, right?

Hello BP, I’m looking to move to Texas in the near future and my plans are to buy a sfr with as many rooms as possible and rent by the room. 
Anyone familiar with the Georgetown Austin area that is currently house hacking. 
I’d love to chat. Thank you!

I understand the marketing concept of wholesaling when it comes to getting leads however i dont completely understand what to write on the purchase agreement contract; along with the assignment contract. I dont mind using the one i have now however i want to make sure i have a protected contract in case all falls through. Any tips and advice would be deeply appreciated!

Thank you.

Hello @Hugo Avaos! I’m located in San Bernardino county looking to get started with wholesaling as well! I could say I’ve done enough research to get started!

You should check out Nick Ruiz book called flip. It’s about 77 pages and breaks it down Barney style. Super simple and straight to the point. Highly recommended. 

Hello @Hugo Avaos! I’m located in San Bernardino county looking to get started with wholesaling as well! I could say I’ve done enough research to get started!

You should check out Nick Ruiz book called flip. It’s about 77 pages and breaks it down Barney style. Super simple and straight to the point. Highly recommended.