All Forum Posts by: Alvin Pereira

@Ned Carey heya Ned! Thanks for the reply good sir. Follow up question:

Have you done the process of acquiring the property once you purchased a leftover lien? If so, mind sharing your experiences? 

Thanks in advanced! 

@Mark Bailey anywhere in the Midwest seems to be a safe bet right now. If you do buy and hold try to find an area that's not rapidly developing. Something a bit more rural where prices may be lower. 

Too good to be true doesn't really have to be a bad thing. Bottomline, there are days when you'll make good deals and there are days when you'll make bad deals. However, that should never replace good analysis. If your analysis and your economics wash out, heck, but a $1 house! Lol!

Hi my fellow BP brethren! I recently came in touch with Tax Lien investing. I can say that so far so good as I haven't needed to file for a tax deed. Also known as possession of property if the taxes don't get paid back after the state set amount of time. My question is, does the state deem that "amount of time" as counting from the moment YOU purchased the lien or from the moment THEY issued the lien? For the sake of this example: - lien is 3 years delinquent - State requires 2 years of delinquency for tax deed application - I buy lien today (see bullet 1) - I file for application tomorrow - profit ???? Thanks gang!

Pretty much what everyone else has said. - Don't forget to be realistic with yourself. I remember trying to do everything myself and that was a nightmare. For example, If you're not good with managing and screening hire a property management company to do it for you. - Treat landlording like a business. Have hours of operation (9-5, etc.) and give your tenants a way to submit requests (maintenance or otherwise) if your "office" is closed. Then resolve the issue in a timely manner. - When signing a lease make sure you and the tenant have outlined and gone over the responsibilities of both parties clearly. You'd be surprised how many landlords miss this piece and it creates so many issues down the road. Best of luck! - Alvin

Nice dude! Congrats! I've been interested in wholesaling, but have no idea on where to start or go about it. Any step by steps you can share? Congrats again!

Heya Nick! I'm right there with ya. Orlando is on the climb right now and quite peaking prices wise. At some point it will stabilize, but I advise against investing locally unless it's an off-market steal. I would consider investing out of state. I started doing it since the Orlando market started climbing back up so aggressively. Best of luck! - Alvin

Honestly, in my experience filtering your investments via an LLC is the way to go. It gives you credibility, net worth, risk mitigation and a bunch of tax breaks/expenses.

Hi BP,

Long time stalker, first time poster! My name is Alvin Pereira and I am a 29 year old fitness athlete/trainer and technologist. Like most of us, I stumbled into real estate investing by nature of life. I did my first buy and hold deal at 19, which I then converted into a 200% profit flip. Since then, I've done about 3-4 more deals all either cash or with instant positive equity. 

At this point in my life I want to adopt a more aggressive strategy and essentially want to be able to do 5+ deals (minimum) a year. In order to do this I have to explore funding options as I won't have liquid cash to invest in all of them. I've heard of HELOCs, crowd funding, personal loans, financing and private money. What does everyone recommend?

Thanks in advance for the replies! :)

Regards,
Alvin