All Forum Posts by: Sean Walton
Sean Walton has started 27 posts and replied 527 times.
Post: Pitching seller financing for off market deals

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
@Jay Hinrichs yeah probably better not to put the picture in their head but maybe mention their loan to you is secured by the property.
Another interesting strategy was mentioned in this thread doing a triple net lease with the owner. I had heard of it for big comercial tenants but not multi family in this context
http://www.biggerpockets.com/forums/311/topics/433519-need-help-with-strategy-buying-from-older-sellers
Post: Pitching seller financing for off market deals

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
Post: mortgage after crash?

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
Post: Duplex - occupying one unit and renting the other

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
Post: How to put an offer for wholesale

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
It depends on your market but most banks will not allow you to assign your purchase agreement with them to end buyers. Make sure there aren't requirement for you to hold the property for a certain amount of time.
I'm also skeptical that there would be enough left on meat on the bone after you take your fee for an end buyer. As a general rule most properties on the MLS are not going to sell below the market rate. So if your end buyer could just find an equal property from the MLS why pay you a cut? But everything is local maybe your market still has deals on the MLS
Do some research on BP on how to find off market deals. Start knocking on doors and cold calling, send out mailers.
Post: Real Estate California

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
Welcome @Jose Gonzalez It really depends what your goals are. You don't need a RE license and unfortunately the majority of agents never end up investing. I think partly it is difficult to get loans when you have a commission based job and no W-2 proof of income. I think they also need to project an image of success drive a new luxury car etc. So they spend most of what they make and don't invest. Check out the book The Millionaire Next Door for more info.
Don't rush to find a deal in the Santa Cruz/ Monterey area first educate yourself by listening to a bunch of podcasts and decide what kind of investing you want to do. Whether you want to be full time or have a day job with the W-2 income it gives you. Network as others have said.
Then read a bunch of related books, forum posts, BP blogs on the niche you choose. Try and focus on that niche until you are proficient don't chase the latest and greatest niche you hear about on a podcast.
Look out for sales pitches and gurus. Leave your credit cards at home for the free and low cost seminars and meetups. Some are reputable but most will leave you 25k in debt and not give you much more than what you could have learned on these forums
Post: SF Bay Area Wholetail

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
@Bobby Nilsen I'm mostly targeting the Richmond and Vallejo areas. I'd be interested in meeting up or chatting on the phone anytime.
Post: Gauging interest in a San Francisco Quarterly Meetup

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
Hi Everyone,
It was between the 23rd and the 30th and the 30th worked better for me so I cast the tie breaker (I promise to be a benevolent dictator.) I'll make a call and make sure 83 proof isn't booked out.
So mark your calendars for April 30th 6pm
Post: SF Bay Area Wholetail

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298
Nice work! I'm curious if the original listing agent didn't push for a higher asking price because of all the junk you had to clear out and it didn't show well?
Post: Any tips on doing due diligence on a vacant raw land in Oakland?

- Wholetailer & Architect
- San Francisco, CA
- Posts 544
- Votes 298