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All Forum Posts by: Andy Cross

Andy Cross has started 21 posts and replied 174 times.

Post: SFV - Los Angeles flip

Andy CrossPosted
  • Wholesaler
  • Culver City, CA
  • Posts 185
  • Votes 56

@Anthony Nguyen That is awesome man! My ultimate goal is to do more fix and flips. I'm an advertising project manager by trade; and I believe my experience managing timelines, budgets and expectations could prove to be extremely beneficial managing fix and flips. Of course with a GC; as I have no construction management experience whatsoever.

Post: SFV - Los Angeles flip

Andy CrossPosted
  • Wholesaler
  • Culver City, CA
  • Posts 185
  • Votes 56

Awesome flip!!

Question for you, as a Project Manager, do you have an extensive background in construction? Or are you just a rockstar PM that has the knack for managing timelines, budgets, and expectations?

Post: Who do you use for your LLC checking account?

Andy CrossPosted
  • Wholesaler
  • Culver City, CA
  • Posts 185
  • Votes 56
Originally posted by @Jesse Sasomsup:

@John Lee I am banking with Union Bank. They are picky but really great if you can build relationship with them.

 Hey Jesse...I'm considering Union Bank. What are they picky about?

Post: Investor from Oklahoma

Andy CrossPosted
  • Wholesaler
  • Culver City, CA
  • Posts 185
  • Votes 56

@Earl Binion

Hey welcome to bigger pockets. As a newbie investor, and trying to close my first deal, BP has been an awesome place for answers to the most weirdest and strangest investing issues.

Glad to have you here!

Post: Removing "Closing Extension" Clause from Purchase Agreements

Andy CrossPosted
  • Wholesaler
  • Culver City, CA
  • Posts 185
  • Votes 56

@Jeffrey H. @Andrew K. @John Thedford

Thanks so much for responding guys. The reason she balked at the clause is that she had a financial commitment already set two days after my proposed close date. She never mentioned this before I made the offer; otherwise I would have accommodated her date with a little more wiggle room. Then she got to the part about 30-day extension (I even offered her $300 for an extension).

Here's the deal...this is a 4br/3ba house in Southern CA...and she wants to sell it to me for $120K; when comps in this particular area are upwards of $280K. That is UNHEARD OF! I'm almost 99.9% confident I can close this deal either with hard money, private money or wholesaling it. I really just need the contract signed.

Post: Removing "Closing Extension" Clause from Purchase Agreements

Andy CrossPosted
  • Wholesaler
  • Culver City, CA
  • Posts 185
  • Votes 56

Hey gang...quick question.

I've got a contract out with a seller, and she is kind of "balking" at the notion of a 30 day extension if we cannot close on the date stated on the contract. She wants me to take it out all together.

The way this deal is set up...I'm absolutely sure I can close this deal in the 15 days stated in my offer letter (and in the contract). 

How would you feel if a seller asks you to remove the "closing extension" clause in your contract? 

Post: Opening Escrow in Southern CA

Andy CrossPosted
  • Wholesaler
  • Culver City, CA
  • Posts 185
  • Votes 56
Originally posted by @Shannon Wright:

Call me!! I can help you! :)

 Hi Shannon! I absolutely will! I'm assuming your area code is 951, correct? (it says 9951)

Post: Newbie from Antelope Valley

Andy CrossPosted
  • Wholesaler
  • Culver City, CA
  • Posts 185
  • Votes 56

Hey @Carlos Caloca!

I'm a newbie investor in the AV. I don't live out there anymore, but I'm hopefully about to close my first deal in East Palmdale. 

Let's connect. And let me know if you have any questions. 

BTW...there are a lot of AV folks here on BP.

Post: Opening Escrow in Southern CA

Andy CrossPosted
  • Wholesaler
  • Culver City, CA
  • Posts 185
  • Votes 56

Hey BP,

I've got a contract out with a seller, and I'm waiting on a final signature.

I tried searching BP for answers to this question, but I feel like the answers may be specific to the cities those members were from. In Southern CA (or CA for that matter), what is the process to open an escrow account, and filing the contract assignment? And if I plan to wholesale, should I put the EMD down (out of my own pocket) and collect that deposit from the end-buyer?

I'm a step-by-step kind of person...so numbered bullet points would make it crystal clear for me.

Thanks gang! 

Post: New Member From Los Angeles, CA

Andy CrossPosted
  • Wholesaler
  • Culver City, CA
  • Posts 185
  • Votes 56
Originally posted by @John Gastaldo:

Hello people of BiggerPockets!

My name is John, I'm from South Pasadena, which is a neighborhood in Los Angeles, CA. I'm a (so far)  non-professional writer and musician. I make a decent living working at a busy restaurant here in town, but I am very interested in using real estate investing to provide me with some financial freedom. My business partner and I would like to start flipping houses full-time somewhere down the line, with the intent of using those profits to purchase rentals. Ultimately, we want to own enough rental properties to replace our day job incomes. Right now we are looking into becoming licensed agents, and possibly work with an investor-friendly brokerage in order to make more money and really get a feel for this business. We're also considering getting certification as home inspectors in order to round out our knowledge and provide another alternative income source. 

I'd love to connect with anyone and everyone who's interested! Would love to hear from you folks! Thanks for reading!

 Welcome to the site man!