All Forum Posts by: Anthony P.

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This thread is 2 years old, but like most I'm interested in the area.  How is the market in Boise now for wholesale or flips?  I'm in the middle of my first flip in California and the markets on the coast are pricing me out.  Even though I will turn a profit on this home it was definitely difficult to find.

Samantha Love I too live in Fresno California and am new to the real estate investing thing. I will say that every situation is different. If you have 0 money to bring to the table it will extremely difficult. If you have a ton of cash on hand it will be much easier. That being said, the best advice I can give is to just start somewhere. I want to buy and rent multifamily, one caveat is I have 0 money and I am using the VA to finance which means I have to live in one unit. So for me I'm picky about where I live. I have yet to find a property in Fresno that we can afford and makes sense financially. On the other hand I know a guy who flips sfr, he has an abundant flow of cash and can make a cash offer on most homes in the ghetto. He buys them "cheaperish" fixes them and rents them out or sells them. Don't we all wish we were in his boat. All that to be said. Things only happen when you do something. Action is the key to success in this game.

thank you for your help I'll take that into consideration.

So I ask my agent about the escalation clause and she says: "it's not very popular these days... Most of the time on a hot property with multiple offers, the seller will come back requesting highest and best. That's a more common method. Best thing to do is to offer what you'd be willing to get the place."

Is this good advice or time to get a new agent?

Chris, that's good info and I'm looking into it.  Would you say ethically, it is better for me to contact those agents or for my agent to contact them? 

In all reality I probably should just find a new agent who isn't skilled in sfr only and get someone who works more with real estate investors.

Russell, thanks for that idea. I'll see if that helps.

To use the VA I have live in the house I purchase. And unfortunately I cannot get approved to buy a house too far from where I live until I have secured a similar type employment of have been a resident in the community and live there before moving. This is one of the many regulations in the VA. I've looked at Boise and cannot get approved for a VA loan unless I get a job there. But I get your point and it is definitely something we've been seriously considering. Thank you.

Hello all...

I have been searching for a multifamily deal in Fresno, Clovis, and San Luis Obispo CA. Unfortunately the only funding I have to use is my VA or a seller financed or private money deal. These markets have proven to be extremely difficult over the past 6 months and all my offers have been denied. I even offered a price that only got me $70/door after the analysis. I've checked and I'm confident my analysis isn't the problem. Every deal I offer on someone else buys with cash. I live on a single income with 4 kids... I'll never purchase a home in cash until I can start building wealth in real estate. So my question is how does one compete with cash offers when looking to house hack by using the VA. I can imagine the answers may be, they don't or you just gotta get creative...I get it, I've read the books and have heeded the advice. It's still not working I am not defeated though, so please share if you can contribute. Thank you in advance!

Thank you for confirming that I'll check it out and thank you for your support.