All Forum Posts by: Sebastian Marroquin

Hello ALL! Meet up on April 6th in Pasadena at : 251 S. Lake ave Pasadena ca 91101 suite 150 : FREE parking in the structure and FREE event, Free thoughts , and FREE knowledge :) FREE  (jk) 

Come network with other like minded investors or future-investors. Please do not come sell anything and I won't sell anything to you either. Come from contribution and willing to open up about your experiences and your future goals. 

** We will be talking about rental properties, Flips, how to find them and how to be creative and maximize returns! We will talk about Air BnB and what returns you can make on them. Lets create a great group of people out here in Pasadena! 

Please send me a message or RSVP for this great event! See you soon! 

hello everyone - hope to see you saturday! 

11am to 12pm @ 328 w garfield ave glendale ca, 91204 

see you then 

@Christian Bachelder 

saturday the 16th : at the home: 328 w. garfield ave glendale ca (please let me know if you can't see this info on the actual post): it should be on there. :) 

This is a once in a lifetime opportunity! Do you want to learn how to flip homes? This is a hands on learning experience. We will meet here at the actual home we are flipping! 

Come and find out: how much the home was purchased for? How much will go into renovations? What the exit strategy will be? etc 

This home is currently in progress and you will get a chance to walk the property and see what you would do to renovate it, see what a live flip looks like before it undergoes renovations. 

We will be there for 1 hour only! Other companies are charging their clients $30k to learn this stuff and you get it here for FREE.... 

Come network, bring a positive feel good attitude and learn something! Please rsvp to let me know someone is coming... :) 

I have some questions: 

1: what exactly are you looking for? Flip opportunities or rental buy and hold opportunities? 

2. what returns are you expecting? (I saw - 20k to 30k) that shouldn't be too difficult to find... 

3. what are you willing to do or take on? ie: cosmetic only? additions? new construction? etc 

4. what other avenues are you exploring ? for finding deals: 

A. realtors are only one avenue

B. cold calling

C. other investors 

D. Whole sellers 

e. Hard money lenders 

F. mailings 

G. door knocking 

H. FSBO

I. Expired listings 

J. look for 2 bed 1 bath: where you can add a master bedroom

K. 2 bed 1 bath that is over 1000 sq ft to add 3rd bedroom within the sq ft. 

etc. etc 

Look for homes that are zoned for 2 units that have one small home: add the second unit: rent it out or sell it for a profit. 

* the name of the game is to be creative and to take action: 

Buy a home and put a camper out back: rent the main home and air b and b the camper : 

Go to meet ups, on Craig list, create your own meet ups, get an instagram and facebook and tell the world you are looking for rentals and or flip opportunities. 

** you should get a good deal in the next 90 days if you network, meet more people, meet more realtors, and take more action. 

My name is Sebastian: I am a realtor in Pasadena, CA. I met a guy about 7 years ago that wanted to sell his home in Compton, CA. 

Fast forward to yesterday, 7 years later, he randomly comes into my office and wanted to talk to me. 

Long story short: he proposed to me that I take over his home (not to own it) but to fix it and rent it out. All he wants is, $1000.00 per month and what ever I get for the home on top of that is mine. 

He is ok with drafting any contracts we want as long as they are fair and ethical. He is also ok with renting it and paying my renovation expense first and once that is paid (say $10k ) then he wants his $1,000 per month. He is leaving the country and only coming back once a year he says. 

He is also willing to take $350k and hold paper for any combination of numbers that makes sense. 

I like the proposed plan on top, but I have no ownership in the property. 

Since he would have to pay taxes on any monies on top of $250k (he is a single man): I'm thinking of proposing - I buy the home for $250k with financing - and he can hold $100k (owner financing)- this way i have ownership. 

He caught me off guard.... what would you do? what would you proposed? 

(the home has no liens, no clouds on title, no debt associated with it: he does not have a mortgage on it).

Suggestions? 

Are you thinking of buying a rental cash flowing property in 2019? Are you looking to start flipping homes or looking to network with people flipping homes? 

My name is Sebastian and I am a realtor with Keller Williams realty in Pasadena. I am a member of our leadership group (ALC) and a mentor to new agents in our office of 200 agents. I have been helping investors find, manage and sell fixers in the Pasadena, Altadena, Eagle rock, Highland Park, Silver Lake and surrounding cities. 

We will go over a deal we have in Glendale, CA: we will go over how we found it? What options we have for it? and the process we will take in flipping it for a profit. 

Come network with other investors and let me know if you are ready to start investing or take your investing to the next level! 

Please comment on here or just let me know that you are attending! 

**

** the other class I put on here is cancelled (I just do not know how to manually do it on here). sorry

Hello Everyone! 

We are meeting the second week in December and this will be a great very hands on Meet up. We will dig into what you plan to accomplish personally and in real estate this coming year in 2019. 

You are encourage to look at all of your overhead i.e.. rent, mortgage, credit card debt.. personal expenditures gas, cell phone costs etc so that you can be prepared for the class! 

You will need this because you want to know what is coming out and what your break even expenses are and this way you will know how many deals you have to close, how many rentals you have to have, how many flips you have to do to make the profit you want to earn in 2019! 

You will be shock to finally find out where you are financially. You have to know where you are to know where you want to go! 

"Failing to Plan is - Planning to Fail" 

This is the perfect time to plan so that your 1st quarter next year is a success! 

(Only positive vibes please) 

Sebastian Marroquin 

Keller Williams realty Pasadena 

Great property coming up in Glendale, CA. Very close to the Americana at Brand and restaurants and shopping. 

Renovations for home are estimated to only about 30k to 40k 

Add ADU (convert the garage to second unit) and remodel the home and the home will be worth between $900k and $950k.

Home could be great AirBnB or rental home! 

California! :) 

The question becomes: do you buy cash or do you finance? 

The question is not: Can I buy a home that cash flows: but HOW can I buy a home in ie. California, Tennessee, Texas.... "X" that will cash flow. 

If I were you I would set a timer on: for say 3 to 6 months: (notice how my timer is more of a pseudo timer or more like a calendar). 

Set a timeline: 

1st: read every book on here! (maybe a $200 investment) 

2nd : read as many post on here as possible (time and effort investment)

3rd: network with other people on here and ask questions (network with people that are already doing what you want to do and with people that have the same amount of funds you do and have similar philosophies and goals!  (Time and effort investment) 

4th: get on youtube and research : read mindset books, financial books, tax books, etc (on audible ) : time and effort investment 

5th: network with realtors and investors in your back yard as well as other less expensive areas of the US. Ask them questions and scenario questions. 

6th: get on Zillow, trulia: etc and run scenarios : if I buy this, and I put down this much, what would my mortgage be, how much can I rent it for, whats the best case scenario and worst case scenario?  (time and effort investment). 

The above should take you 1 to 2 months 

7th: go to meet up groups and learn.  ($20 a pop: you go once a week for 2 months: $160 investment) 

8th: Decide on a strategy to use: All cash or finance: if you cannot afford a loan bc of your income: then thats the next thing to tackle. 

(a lot of my clients have maybe 100k cash saved but make 20k a year and live in Pasadena, ca where a fixer upper costs about $650k) : they really want to get started in real estate and are looking for every way possible to pin-point a place where they can stretch their 100k... so, one of the conversations I have with them is: how can you invest a portion of that 100k in yourself to increase your income. maybe schooling, maybe starting a business, maybe a course on whole-selling- or all of the above on whole selling.... but it is very difficult - not impossible, but difficult to create an empire with 100k saved and making very little income). 

* the alternative: 

you learn, you research while investing in yourself, and then getting a better job or business that pays you $50k, $75k or $100k + per year. Now on year one you will have 

100k minus your investment: say $25k 

so $75k 

but on year 2: you will have your original $75k plus $50k annual income 

year : 3: 75k + 50k (from year 2) and $75k from year 3 : total $200k ;) 

Now you are putting yourself in a position to win. 

so...

9th: create a business plan and focus

10th: Know your BIG WHY and execute

All of this could be done in 6 months - maybe a year... whats the rush? :) 

in conclusion: 

Your questions makes me think you are in the beginning stages and you should be 

asking question (which you did on here) 

learning 

making sure you make more income 

pay all of your debt  ($0 debt is best) 

live below your means 

save - save- save 

Network and build relationships and take action! 

I will be buying rental properties in California - 20% down- that cash flow - so I guess it is possible (and in many cases: under $300k )