All Forum Posts by: Amanda Cadena

I do not have a website set up for sellers to submit their information. I was informed that it was a waste of time and money to set up a website and that it was better to contact the sellers personally. I had business cards made and flyers to give to home owners, mostly pre-foreclosures. I have also been hoping for exposure through word of mouth.

My objective is to approach each motivated home owner as a helping hand, not just an investor... I want to make my approach as comfortable as possible, this way people will not be turned down because they feel it is a scam.

Is it not a great time for creative financing? I am having a hard time finding "motivated" people needed to make a deal happen. I live in California and was looking to do deals in the Riverside area as well as parts of Arizona. I know the percentage of people who are "motivated" or "desperate" is low, but I haven't had one person respond to my inquires. Worried if I should give up or if I am approaching the process incorrectly? Help please!!!

Me and my partners have started our "non-traditional" real estate investing LLC and we are looking to generate a contract for all of the deals we will make in the future. However, I am curious is it mandatory that we get a real estate attorney to create and review all of our contracts? Have any of you just done it yourself? Please help....

@Marshall Downs 

Thank you for the input! I will definetfly give Brie Schmidt's podcast a listen!

@Bill Larsen 

We actually currently live in El Monte, which is where we got the multi-family unit idea. That would be probably our first option for buying.

I currently live with my boyfriend at his moms house, but she has recently been driving us insane with all her complaining hahah so we have decided that we want to move out. We have recently become interested in real estate investing and I believe we have more options than just the traditional way of buying a home. We live in the Los Angeles area and we both make enough money to afford a house payment, we just want the best bang for our buck!! 

One of the options we were considering was buying a duplex, living in one house and renting out the other. 

Another thing we have thought about is buying a small home, renting it out and maybe finding a cheap apartment somewhere... 

There are so many different options to consider and I'm sure most people here on BP have come across this situation.

I was wondering of I could get anyone's input and maybe what you have done. 

PLEASE HELP !

What is more important...

Building a list of buyers or finding a deal first?

Can you build a buyers list before even having a lead?

@George Maka 

Still trying to figure out the numbers and what would work in our favor, but  is still something that she will agree too!

Thanks for the input!

What is everyones outlook on Owner Financing?

There is a possibilty that this may be the an option for my first deal...

I have an older lady trying to sale her home because she no longer wants to have responsibility.

She has a tenant already in place that she wants to make sure is taken care of... she always wants this tenant to have the first option to buy the home. 

I am going to offer her to buy the house through owner financing (6 year term) and then offer the tenant the rent to own option.

Any feedback?

I am actually looking into creating an LLC with wholesaling... There is a gentleman named Phil Pustejovsky who elaborates on the benefits of having an LLC when doing creative financing... Perhaps you should look him up =]