All Forum Posts by: Antoine Martel
Antoine Martel has started 9 posts and replied 533 times.
Post: $1,300,000 Deal at Age 21 & I'm Retired!
- Investor
- Los Angeles, CA
- Posts 577
- Votes 240
Awesome man. Congrats. Now time to keep on growing and growing!
Post: Is this property commercial or residential??
- Investor
- Los Angeles, CA
- Posts 577
- Votes 240
It would be considered a commercial deal. Total amount of units is 5 units. But that price is very low for commercial lending. I think that you could go either way. Most commercial lenders have a price minimum much higher than that price.
Post: What are folks paying for cash out refinancing with no seasoning?
- Investor
- Los Angeles, CA
- Posts 577
- Votes 240
Originally posted by @Pat Jackson:
Antoine Martel would you mind sharing the names of those lenders? I can't find any that do so without a seasoning period.
Sure. DM me
Post: New to real estate and SoCal market, best entrance strategy?
- Investor
- Los Angeles, CA
- Posts 577
- Votes 240
Originally posted by @Val C.:
Originally posted by @Antoine Martel:
I also live in LA and the market here is really tough. If I were you, I would work as a real estate agent to get your w-2 income in and to also build capital. Then I would invest out of state and flip homes and buy rental properties.
I invest only out of state and do it full time from LA. I've done about 10 projects so far!
10 projects out of state good job. Im from LA as well im looking to invest in a SFR in las vegas (zip 89115) $160,000 4b2b. Do you have any projects going on in vegas or familiar with the market out there i would really appreciate you advise. By the way this will be my first deal / buy & hold / rental
I do not have any experience in Vegas. It's a good market thought and I would like to invest there.
Post: What are folks paying for cash out refinancing with no seasoning?
- Investor
- Los Angeles, CA
- Posts 577
- Votes 240
I have found some lenders who are large banks who can do the cash out refinance without any seasoning and they are at market rates with very little points.
Post: Any rental investment advice for new investor?
- Investor
- Los Angeles, CA
- Posts 577
- Votes 240
Definitely a great question. Finding the right PM is a major deal. They will be your boots on the ground.
Post: Joint Venture Funding For a Fix/Flip
- Investor
- Los Angeles, CA
- Posts 577
- Votes 240
I found a basic contract online and made some modifications to that. You can have your attorney review it for you.
Post: Hello from Scotland via New York!
- Investor
- Los Angeles, CA
- Posts 577
- Votes 240
Hello and welcome to BP!
I love buy and holds and seems like you do as well. Connect with me if you need any help!
Post: How much do CoStar, Xceligent, and other CRM databases cost?
- Investor
- Los Angeles, CA
- Posts 577
- Votes 240
Costar is thousands of dollars a month. I would start with a free crm tool. They can be found online.
Post: Can I wholesale an entire business?
- Investor
- Los Angeles, CA
- Posts 577
- Votes 240
Might be one of the strangest opportunities that I have seen come from a direct mail campaign. You could post this business all over the place and see if you get any bites. I would just work a commission in for yourself for putting the whole deal together. Make an agreement with the seller. If you can sell the property then you get 3% of the sale price.