All Forum Posts by: Mehran K.

Big welcome to the site @Thanh Nguyen , thanks for introducing yourself to everyone! Just curious what your criteria is and what kind of deal would compel you to take immediate action.

You may want to reach out to @Brandon Turner , he's there in WA and is quite the savvy investor!

See you around the forums!

Welcome to BiggerPockets @Ferrell Hapgood , thanks so much for introducing yourself to the community! I really like that you and your fiance are on the same page when it comes to investing. Working as a team is so powerful! Before a first transaction, I would definitely recommend learning about the characteristics of a GOOD and profitable flip deal. This will help with wholesaling and flipping.

If you haven't already, check out The Book On Flipping Houses. This will go into very fine detail about the whole process. Hope that helps!

See you around the site!

Big welcome to the site @Trevor Clinard , thanks for introducing yourself to everyone! I came here not knowing about anything as well. At least you know about the things you don't know. When I stepped foot in BP territory I knew nothing about nada!

What is it that attracts you to the SoCal market by the way?

Welcome to BiggerPockets @Robert T. , thanks so much for introducing yourself to the community! It's awesome that you have a detailed road map to get you where you're going. I believe that there is no substitution for doing deals on your own when it comes to learning. With that said, reading and learning from the mistakes of others helps you learn much quicker as you're moving forward! At least that's what I've been noticing!

See you around the site!

Welcome to BiggerPockets @Julie Khaled , thanks so much for introducing yourself to the community! Keep reading books and keep reading the forums. You will definitely learn a lot about investing by doing just that.

If you haven't already, be sure to check out the BiggerPockets Podcasts!

See you around the site!

I definitely prefer buy & hold :) 

I'm late to the party Ben, What's up! Like Brie, I'm a big proponent of using the 2% rule as a quick filter in the market I'm working in. After that, It's definitely about NOI & ROI to me.

You're pretty good at starting these trending threads, that's good stuff :)

If they're already working with agents, they've streamlined their process of dumping their REO's with that realtor/brokerage. It's going to be hard to get them to change that as they don't want to deal with too many people. This is what I've seen in the markets I'm working in.

HSBC is a huge bank, it's going to be pretty darn hard to get in contact with the decision makers unless you're a huge player. I could be wrong though!

Have you checked to see if it's listed? If it is, you'd have to go through the brokerage that has it listed. If it isn't listed, hopefully it's a small local bank that owns it, easier to find the asset manager to talk to. I often see banks solely working with specific RE-Brokerages for all of their REO's.

There's not much notable terms you can negotiate for except for the price based on the state of the property. You may be able to get some brownie points by offering to obtain financing with said bank. This way, they can keep the sale and the loan in-house (more profit for them).

Welcome to BiggerPockets @David Rowland , thanks so much for introducing yourself to the community! Glad to have an investor that is getting things done join our ranks. Grats on the rentals/flips you've done so far. We're looking forward to hearing about all your future projects as well!

See you around the site!