All Forum Posts by: Rudy Vazquez

@Vic Hartounian from Glendale, California

Hi Vic, 

I recommend Marc Garlett, but connect with me or vice-versa, so I may provide contact info. 

Hope this helps. 

-Rudy Vazquez

@Karen Montague

Hi Karen, in my market California. The sellers pay the buyer's Agent commission. 

So, if you are in California, your services to the investors are free. 

Also, I highly recommend, getting the buyers agency agreement signed. Simply tell them, it's you Karen, committing to them, and vice-versa. A so called marriage.  

Hope this helps

-Rudy Vazquez

@Sovat Chheang Rental Property Investor from Rockville, MD

Hi Sovat, me as a Realtor, I would kindly ask the seller to remove. But for whatever reason, if seller's are unable to, then guess what?! I would do it or pay for someone to do it. No Joke!  No reason to risk a fall-out of contract due to a dead critter, in my line of work. 

Hope this helps.

-Rudy Vazquez

@Pam Whistley

Pam, I would recommend using Robert Hall & Associates, tax consultants in Glendale.  Since your dealing with income properties. 

Hope this helps.

-Rudy Vazquez

@Josh Rathbun from Wake Forest, NC

Hi Josh, let me know, if you are still seeking someone in Cleveland. 

-Rudy Vazquez

@Gina Williams from Upland, California

Great question, Gina! My clients also purchase 1-4 units. And a great lender, utilizes either the 2nd or 3rd units as a form of income from the property, this way your purchasing power increases. If, you know what I mean. So, what you stated is certainly feasible.  

If, you need a Mortgage Lender recommendation, please let me know. 

Otherwise, hope this helps. 

-Rudy Vazquez

@Dylan McCabe from Dallas TX, 

Great question, and if you were in my market, Los Angeles, and that property was for that price here, I would definitely not just say, yes, BUT HECK YESSSSS! 

Seriously, speaking though, I strongly recommend in speaking with a local Realtor. He or She, have local MLS access of all recent comparables (comps). And will inform you, if it's a great deal or not.

And from what I can see thru Zillow, the owner is representing himself and paying the agent the 3 percent commission. In other words, you are not paying any commission for the agent's services to you. But this is also a red flag, the homeowners usually use what Zillow evaluates their home's value, which in all my cases, it's priced at the very high - end. 

If, you need recommendations out there. I may have contacts. 

Anyhow, I hope this helps. 

-Rudy Vazquez

Great question @matthew K. , here's another option you have. Instead of HELOC, why not simply refinance, and use the equity to purchase another property. You don't necessarily have to sell, if you don't want.

Also, keep in mind, there are great benefits as an investor of income properties, you can write off, depreciation costs, and if, it doesn't rent, you write that off as well. Disclosure, I'm not a tax advisor, but speak to a local CPA. 

What my investors do, is they locate nice neighborhoods, and buy the ugly duckling of the house, spruce it up and rent it out or sell it.  

Anyhow, hope this helps. 

Rudy Vazquez. 

Hi Stephen Marlin, 

Just thinking outside the box, you can always take equity out, and use it for the purchase of either duplex, triplex, etc. 

And then later do, as the above mentioned a 1031 exchange, if you wish.  

Anyhow, if you ever need anything, I'm in Los Angeles. 

Hope this helps!

Sincerely,

Rudy Vazquez