All Forum Posts by: Elliot Lamson
Elliot Lamson has started 27 posts and replied 78 times.
Post: Looking for Dallas Wholesalers.
- Los Angeles, CA
- Posts 82
- Votes 25
Originally posted by @Mark Allen:
I'm not a large wholesaler, but I usually send out a good investment opportunity every two months below the average wholesale value here (77-82% of ARV seems to be going rate in DFW area). I'd be happy to add you to my list and send you opportunities that fit your criteria.
What % of ARV are you looking for (minus repairs)? Any particular cities or zip codes you're looking into?
Sent you a PM
Post: Looking for Dallas Wholesalers.
- Los Angeles, CA
- Posts 82
- Votes 25
I've started investing(rehab flips) in the Dallas market. Looking for honest wholesalers without bloated ARV's
and comps that are within couple hundred sqft
.5 mile of less away from subject property.
+/- 10 years of being built.
and enough meat on the bone for people using private money or HML.
Looking for purchase price of 150-700k.
Please no one from NEW WESTERN.
Post: Seller want's a bit more than what I need to make the deal work
- Los Angeles, CA
- Posts 82
- Votes 25
Just based on those numbers no way it would work. you after factor in rehab, realtor fees holding cost and usually cost of $$. plus your assignment fee.
Deals are like the city buses there will always be another one coming.
Post: where do i find a list of local evictions?
- Los Angeles, CA
- Posts 82
- Votes 25
awesome guys! much thanks!
Post: where do i find a list of local evictions?
- Los Angeles, CA
- Posts 82
- Votes 25
Hello everyone.
where can i find a list of local evictions?
Getting the contact info of the landlord.
thanks!
Post: Opening LLC in NV or DE.
- Los Angeles, CA
- Posts 82
- Votes 25
I live in CA, started doing real estate investing all over the country, mostly flipping. I originally opened my LLC in CA. But after talking to some people they said i should have opened it in NV or DE(saving on state income tax). Can i still open in LLC in one of those states without having to prove residence?
Post: Anyone Tried AirBnB in Frederick MD?
- Los Angeles, CA
- Posts 82
- Votes 25
use AirDNA.co for any statistics on an area.
Post: Top 10 AirBnB Income Markets Based on Income & Average Price
- Los Angeles, CA
- Posts 82
- Votes 25
Where did you get these avg nightly prices from?
Post: What would you do with a million dollars?
- Los Angeles, CA
- Posts 82
- Votes 25
Originally posted by @John Arendsen:
@Elliot Lamson, That's a real good idea and one that I've been doing some serious thinking about. We already own a few in some North San Diego Beach communities that we're thinking about doing that with. Do you have direct hands on experience with this type of investing?
I have two places now in LA that i rent and then sublet them on Airbnb. I plan on accruing a dozen more in LA and Brooklyn in the coming months. I have a friend who has bought 13ish homes in the last year all over the country only to use them for short-term rentals. He's in the middle of raising a fund to acquire another 25 homes or so. A great website is AirDNA it breaks down statistic you need for a certain area. I think now is the time to take advantage of the popularity of AirBnB, and if you do it right you can see great returns. PM me if you have anymore questions. Good Luck!!
Post: What would you do with a million dollars?
- Los Angeles, CA
- Posts 82
- Votes 25
I would buy properties in San Diego & Miami with the purpose of turning them into AirBnB rentals.