All Forum Posts by: Account Closed

Well Pre-Foreclosure is a lot of waiting, around and could be costly buying when the people are in and you should try to target Bank owned properties, with no tenant cause you don't want to be door knocking offering cash for keys in the Chicago winter, but if this is for you, is a good way to get deals, I just wouldn't go into that niche right away.

thank sounds interesting some companies do that they like to call it buyers premium, but usually on bank owned, auction or foreclosure properties ? is this the case

I would like to attend, I am in the middle of a venture to purchase some Trailer parks in Temecula area. so fill me in @Account Closed

I wouldn't give them a second  @Robert P. if you want class AAA tenants you want the most mature and responsible that now how to handle a appointment. in my opionion

Not to offend Anybody but I know also Real estate is a Up and down business my family is been in Real estate for 4 Generations so, a lot of mentors are has beens, which made a lot of money or maybe just gained a lot of experience, and some exaggerate what they really did, like many people do and that is fine, some do it just for the pleasure of helping and who doesn't want a little extra cash flow my business is based on the Mentoring kind of, since I am Consultant for some big private equity firms, and private individuals but I share my knowledge for free with some cool guys some other guys who think they are super cool themselves if you know what I mean I charge them a lot cause I don't want to be dealing with them if I am not getting paid, I am sure there is many different kind of people that do it for many many reasons. but just remember not everybody that wrote a book on how to flip houses is millionaire, and not everyone who became millionaire wrote a book on flipping house is a tricky industry, I am glad you have had a good experience when I was studying to get my RE license way back when I was 18, I had a professor who brag about living beachfront, brag about selling 10-15 homes per month, and I was very confuse why does he teach a night class at community college so I look into it as any young kid would do and it was all a big lie....

Ps: we love Downey, was one of the first areas my family build on south Downey 25 years ago   

so watch out @Tommy Martinez

Hi @Usha Kamaria yes it can be lowered, present your case at the assesors office but get prepared, with all the right paperwork and they can start the process can take like 2 months

Hello @Michael Norton welcome I am from Carlsbad, I do some Ventures, Buy and Hold, wholesale you name it I try to do it I will love to help with anything I can and welcome to BP

I personally dislike PROForma cap rate scenarios, but in generally in my market I think cap rates will go up rent is going up as less people can afford to buy a house, but rent is growing a little faster then home prices in San Diego, I don't know what area of new York you buy but I know new York city is getting similar, as is a renter metropolis thinking on the big picture cap rates will remain the same or go up, rent always goes up. almost there could be some terrible scenarios but in all terrible scenarios rental properties is still a great option. the only type of property I see going down on cap rate is office and retail but anything residential will go up

There is no way around it you committed to paying them and I am sure your broker, gave you knowledge or marketing or tranning something when you started just pay it and go get your brokers license if you don't want to

Sounds good Dan Crenshaw your this is how I like to see my cash flow deals you putting 25k out of pocket Approximately, so at 700 cash flow you getting 33% a year give or take, let's just say you have 90% default renters rate and extra expenses if you can keep that number with all about 25% I considered a awesome deal and if is in a market that's gaining Value it a super awesome deal