All Forum Posts by: Nazz Wang

@Marcia Maynard 

Marcia, my goodness! Do you have any vacancy coming up? I need to relocate and go live Ina one of your units! Impressive list with a heavily customer oriented approach. Wow!

Depends on your contract did the contract say buyer to assume all taxes and liens?

Share a big house with another family or rent a big house and sublet the extra rooms. In the first years of my marriage, we rented a house in Mira Mesa with four bedrooms for 2000 a month, and then with landlord permission rented out the three spared rooms at 600 a month each, so rent was 200 for two adults. Then the savings went into the down payment for our first property. The living situation was less private but the reward was worth it.

I use zillow more but verify my data with other sources like craigslist for rent, county website for taxes and violations, and comps for prices.

How about setting up free fast internet connection for the community? It will most likely cost you not very much and the line to rent in your building will be around the block.

Second Michele Fischer . I use zillow amount and double check with county website to verify. Of course I use common sense to make sure the assessed value is reasonable and higher than my purchase price. Another thing I do is to check the county website for violations. Sometimes it can be very costly to mitigate code violations.

I started pre-children but am definitely doing more post-children. Since having kids stripped away all my spare time / hobbies /time for personal hygiene, having real estate investing as a hobby actually felt like having part of myself back. Also post- children I am so used to having no hobbies, now that they are older and less intense, it was easy to fit BP in.

@Matt Swearingen 

I love the barbershop approach! Fresh and hilarious!

@Darrin Carey now that you point it out, yes it does sound like being an agent. My friends ( these are really close friends of mine whom I see every week) had ask me what I do so I told them my buying process. They wanted to invest too and had asked me if I can work with a realtor to find what they want, do the numbers and filter the properties for them. The reason is because they want to invest,  don't want to learn it and I already do it. How would you charge for this kind of activity?

@Curt Davis 

Thanks for the information. I am thinking of finding a property for someone to invest in. So I guess if the kind of like wholesaling.

You brought up a very good point about the legality of these. Assigment fee is the better term for it. In that case would the end buyer pay for the buying portion of escrow or is that split between the finder and end buyer?

I am helping some of my friends invest and I want to charge them a fee for doing it. I am not sure if I should ask for equity in the property or a fee. I don't even know where to start.