All Forum Posts by: Alejandro F.

Great question! 

@Brent H.,

No on both. Adds additional layers of complexity and management with no additional return on the time invested. 

 Roy,

I have jumped into direct to seller marketing as a source of leads for house flipping here in San Diego. The key to success in this is consistency. You have to do it consistently to get deals. Many folks try it for a few weeks and stop because they don't get any leads. It will take more work than that. Let me know if I can help!

Hi! I am looking for an attorney to help draft contracts and close deals in San Diego. Any recommendations?

I went ahead and got on a call with an Astroflipping sales rep. The high pressure sales pitch was strong with that one!!!

As @Momi Rapozo mentioned, I believe the major benefit of signing up is the ability to leverage the community they've built. When I asked the sales rep if a wholesaler can just sell directly to KeyGlee, the answer was "that is out of my wheelhouse" proceeded by quickly changing the topic. It sounds like it is possible for a wholesaler to bypass the middle man (Astroflipping student/acquisition specialist) and go directly to KeyGlee. 

I am working on a cash-out refi for a duplex in FL. Best I have found so far is 75% LTV, but they require business entity documentation. Anyone have experience with lenders that offer 75%+ LTV on a cash out refi on a duplex that do not require business entity documentation?

@Andrew Postell, will this work as follows? (first three steps are different from the original post)

• You purchase home cash under your name
• You create an LLC
• Your LLC gives you a loan for the home
• You file the deed for that loan at the county courthouse
• Once the property is completed, your conventional lender comes to refinance the loan
• Your conventional lender runs title and sees there is a loan.
• Your conventional lender refinances you into a new loan, and cuts a check to your LLC…a check in the amount of 75% of the value.

Hi All!

I am currently under contract on a home and would love to get feedback on the deal and ideas on how to proceed with negotiation. Here are the details of the deal:

The parcel info shows that the lot is zoned for multi-unit but the current use is listed as a single-family home. However, there are two houses on the property. The square footage of the 2nd home on the property appears on the parcel info as an "extra feature" but it does not appear as part of the "heated area." Therefore, I believe the 2nd house on the property is unpermitted. Both houses appear to be in good, safe, livable condition. Considering how competitive the market is at the moment in this area, I made a full price offer with inspection and appraisal contingencies. Considering comps in the area, this property was priced as a 2-unit property and not as a single family home. I suspect the home will appraise for less than what I have offered. 

So my question is, considering the situation with the 2nd house and the possibility that this property will appraise for less than what I have offered, how would you proceed with negotiations on price?

Thanks in advance for your insight!

@Dennis Nikolaev The opportunity with short term rentals in San Diego is phenomenal! I sent you a PM.