All Forum Posts by: Aria Khosravi

@Sharon Vornholt Thanks for all of your knowledge on this topic. I have been listening to your podcast and it is very evident in those podcast marketing and probate are two areas you have mastered. Would you recommend not mailing to PR if they are currently living in the same house as the deceased? I have heard some people shying away from those particular leads. 

@Andre Medeiros

Depending on who I am speaking to, I will refer to myself as a "local landlord" which softens the blow of being called an investor. I agree with you that some people will perceive "investor" as negative. If I tell a potential seller I am a local landlord trying to buy a few houses in the neighborhood, they tend to be more willing to talk or call in.

Hey Adam-

I am an investor who is a realtor. I am an investor first and use my license to buy investments, not help the masses buy and sell houses a house. I own rental property throughout Denver and Fort Collins and have flipped over 40 properties over the last few years. If yup want to dive into multi family pm me and we can chat.

@Carl Brown I would be interested in hearing more about your skip tracing success and techniques. I am looking to get involved with skip tracing as well!

@igor 

@Account Closed I would be very interested in hearing about your adword campaign as well. I am fine tuning my website this month and would love any advice. Thanks in advance.

Hello Everyone-

I am a seasoned rei who focuses on fix and flips. I have several private cash lenders who typically lend at 12%. Each loan is created on a per deal basis. I have anywhere from 500K-750K available at any given time. With my current strategy I am buying multi family buildings, flipping and selling, which is requiring more money Per project only allowing me to do two or three deals a year. My goal is to raise more money to finance more deals. I don't deal with banks often but do you guys have any suggestions on finding more money with the money I have raised so far? I was thinking about bringing the current private investors in as equity partners in my LLC and trying to get a LOC to have additional funds through a small bank or credit union . Then use hard money to finance more deals and use the LOC and the investors 500K to cover down payment, additional construction costs, holding cost, etc. Does this seem realistic or is my head in the clouds? How would you structure this differently? Thanks on advance for any responses.

I have run into the same issues in my area. Inspectors are driving for dollars and looking for dumpsters and contractor vans at properties. They will not hesitate to shut you down. Luckily there are a lot of GC's out there willing to help you. My best advice is to build a good relationship with a GC. In my experience, cheap contractors love to take their time and surprise you with a bunch of change orders. Ever since I've started working with a GC, I have less headaches on the job site. You might pay a little more up front, but in my experience it ends up costing the same after your cheap contractor bait and hooks you with your work scope and projected time scope. Time is money my friend,

Can someone help walk me through the details of flipping a bank owned wholesale through an llc? I know you get under contract with an llc where you hold ownership, then transfer ownership through articles of organization. My question is where do you go from there? Do I need to file the new articles of organization with anyone? Do I give the document to title? How does title know to put the wholesale fee on the HUD? Should I hire a lawyer? Im alsocassuming I have no further liability once I transfer ownership of the llc, is that correct? So many little questions, could anyone that has experience with this help fill in the blanks?

Hey Robert, I would appreciate you sending me that spreadsheet too! I am planning on picking up a few rentals for 2012 and I could use a great tool like that! I have a great buy/sell spreadsheet for analyzing properties to flip if your interested!

light, tight and bright is the way to go!! But make sure you have enough money in your budget to do so. It does take a little time and money and potentially a little drywall repair if your contractor can't take off the old trim correctly. See if you can find a good supplier for trim, HD and lowes is a rip off.