All Forum Posts by: Wendell De Guzman

 Yes - back in November 2005 (after hurricane Katrina) I did a presentation to my Toastmasters group predicting a huge financial storm which will result in the collapse of the real estate market. I didn't know the year it would happen and I didn't realize how bad it would be. Robert Kiyosaki was out of real estate even earlier (early 2005).

So, it's possible to call a bubble a bubble but no one can predict when it will pop.

@Brandon Hall, I've thought of that. We explored it before for a different company but our accounting is quite complicated because we do a lot of joint ventures.

Are you an accountant who is eager to learn real estate investing?

Then work for our company 3 hours a day, 3 times a week.

Your compensation: $27.78/hour + learn real estate investing 4 hours a month (I give a training every Friday from 10-11 AM to our team members only).

You will learn wholesaling, rehabbing, rent to own, property management, project management, even hard money lending. You will learn real estate investing inside a fast-growing real estate company. You will learn it by seeing the good, the bad...even the ugly :-)

You will learn real estate also by doing our books, paying our bills, following up our tenants for their rents. You will learn how to have a profitable real estate business and what it takes to have profitable rental properties by doing our Profit & Loss statements, Balance Sheest and Cashflow statements for the business and for each of our properties.

You will meet valuable contacts like contractors, leasing agents, real estate agents, lenders, etc.

A 3-month contract is required. If your performance is satisfactory, a full time position is a possibility. All of our full time employees are shareholders of our company.

If you have:

1. Bookkeeping experience

2. Knowledge and expertise in Quickbooks, Excel, Check Writer software

3. Honest, diligent, detailed oriented and knows how to communicate complicated accounting rules into something a business person can understand...

You are definitely invited to submit your resume to me at [email protected].

If you have prior real estate accounting experience and knowledge of accounting for joint ventures, you have an advantage over other candidates.

JOIN US. Get Paid. While Learning Real Estate Investing.

Submit you resume NOW before it's too late.

This position can start as early as September 1.

About PCI LLC
PCI LLC is one of Chicago's fastest growing real estate companies. Its expertise is rent to own, wholesaling and creative deal acquisitions. PCI and its principals have been featured in US News and World Report, here on Biggerpockets and even in Forbes. For more information, check out http://pcirei.com.

 Thanks for the mention.

My calculator though does not produce a detailed Scope of Work. It does calculate the repair cost.

Here's a cool website that provides detailed repair estimate broken down into labor cost and materials cost:

http://HomeWyse.com

Cyclical. If it's linear, it would have risen but never dropped at any point or the value would never change (which is not the case either).

Research the Case Schiller Index for the Bay Area and you'll find out the specifics.

Owner finance is the same as Seller finance.

It's also known as Land contract, Land Installment contract or Contract for Deed.

When you do any of the above - which are all the same, you, the Seller is no longer the owner of the house but the "bank". You will have a Mortgage and Note and an Agreement to transfer ownership to the Buyer if he fulfills the term of the Mortgage and Note.

Rent to own - you're not transferring equitable interest to the buyer other than an Option. So you, as the owner/ seller is obligated to sell to the tenant/buyer if he exercises his Option to buy.

Rudi,

Why are you interested in Columbus, Ohio?

Are you open to other cities?

I am based in Chicago, IL and I love it for short-term appreciation plays like fix-n-flip and rent to own. I can show you a map with places to AVOID and the best exit strategies (rehab, wholesale or rent to own) in each zip code.

I also like Cincinnati, Ohio for cashflow. I have 2 real estate investor-partners I've worked with there since 2005.

So what is your question?

Just make the offer.

Worst case scenario is they say NO to the offer.

Chris, the process is basically the same but you have to look at the Board of Realtor approved contract you're using in your state. In some cases assignments are not allowed so you need to double close. The realtor will get paid their commission by the seller (A - B) and it should be in the HUD-1 (or closing disclosures). The crucial component is having a good attorney or title company handle it.

If you cannot assign, obviously you need to double close.

If all you're doing is BID on houses on the MLS, it's going to be hard to find a good deal. You got to have multiple sources of deals - what I call MULTIPLE DEAL PIPELINES. For instance, network with EVICTION attorneys and have them refer you as a buyer for their clients who need to dispose their non performing rental properties. These property owners are highly motivated and some of them might sell their properties to you at a steep discount.

I did a whole series of posts here on BP. I call it The Science of Finding Deals.