All Forum Posts by: Tony Salazar

Great stuff Josh and Brandon!
Is it set up to include an advance search to include one or more words
like
Multi Family | Muti-Family| MFR| Units

I have never owned MFR, but it is my goal for 2013. The challenge in Ca. is cap returns just aren't as feasible.
Can we get some comments on who has owned Units out of State with a minimum of owning them for at least two years.

Hello Gene. It seems if you have several free and clear properties, then you should be generating a substantial cash flow and that would help your DTI. If these are properties that you have recently acquired, make sure your 2012 taxes reflect this, and that may be what is needed to reduce your DTI and qualify for new financing.

Great work like always J Scott!
I am curious why you ventured out of your local area?

1. REO's: From what I have experienced, Asset managers usually won't go down more then 5-10% of asking price. They prefer to have offers come in close to asking. If that isn't happening, they rather do a price reduction, and then accept your offer. It shows that they are in control, and getting what they are asking rather then sending a message that low ball offers are ok.

I have purchased a handful through Altisource (Now Hubzu) over the last three years or so. As of today there is a minimal amount of properties if any available were I have purchased (Riverside, Corona, Upland, Ca).

Timing was everything, from being the first cash offer in and getting my offer accepted.
As well as watching a property go from pending to active then quickly getting my offer in and accepted.

The benefit with their platform is you can track your interest list.

The Cons are when properties just get listed they typically add a premium that buyer has to pay.

If you get one accepted be prepared to deal with customer service in India from start to finish.

Hello Joel,
What are some of the projects and returns one can expect in your area of Georgia in the 200,000-300,000 range both apartment and commercial? This would be a cash transaction. I would be open to having something rehabbed and leased for both short term flip or long term hold with good cap rates or close to the 2% rule. Location and quality tenants are a key with strong profits and or cap. In addition once all the intial work is done (one to four months), I would want to have a plug and play operation with mimimal stress on my end. Thanks for your help! Also if anyone else is seasoned and expereinced in closing these type of transactions let me know.

Glen, in today's market, delays and poor service is becoming more and more the norm.
Don’t stress yourself out, as it only leads to more problems with the transaction as well as other areas of your life.
Take some additional time and really think is this something you want to walk away from due to economical reasons, or is it because you are emotionally tied to this. If you can financially afford this or find a way to, then be patient, and in the long run you will win.

Hi Tony.
Is your challenge not enough inventory or funds to acquire more properties?
If the answer is limited inventory, then you may need to increase your search radius and go further out to other neighborhoods or cities. That's what I recently did in order to find and close another property. Have you done this?

Josh, your site has always been an incredible value and extremely user friendly, now it is even that much more powerful!
Small Issue:
Under Properties if you try to sort through the dropdown lists and then click search, nothing seems to happen.

Again, Thanks for all your hard work effort!