All Forum Posts by: Asif M.

@Cornelius Charlesundefined

Cornelius thank you for your response, I was thinking later that my posting may come across as a wholesale listing.  Which is not my intent.  

on the bright side I did meet someone over the weekend and we checked out the property.  Will see if sell considers our offer. 

thank you again for your response. 

Anyone in Los Angeles. 

Hello there, I have been reading BP on and off for about a year.  The best Real Estate Forum hands down.  And I need your HELP

First of, I am not a Wholesaler, not a flipper and have not done anything like this before.

I came across a property in Los Angeles, where the seller is in some legal bind(legal fees not property related).  He needs to sell the property asap.  I did my comp as much as I can do on redfin and zillow and the comps are 325k - 400k.

This property is not in beverly hills, but also not the worst area of los angeles.

Please note I am looking for someone who lives/ or does business in Los Angeles as a Flipper.  Wholesaling would be the last option for me, I want to mainly learn from this opportunity and make some money while doing it with a Flipper. 

This is a mixed use property with shop in the front and residence in the back. 

Also if anyone can suggest me any form or document that I should get signed by any potential flipper before I send them the address that would be great.  

We can look at the property Friday or Saturday. 

If you are a flipper, please send me one of your recent post on BP or some flips I want to make sure you are a real deal and not a wholesaler who wants to split(which would be the last option if it makes sense)

If this deal goes through, I will list all the info (how i found the property and how much i made)

thank you.

@Gene Hacker 

Thank u for the advice I'm going to look into Bakersfield.   Any suggestions on where to find the properties in this area.  

Also what would u recommend btwn  Palm Springs or Bakersfield 

@Andy Mirza 

Thank u for the advice, yes that is one of my concern less then 4 or more. As I also want to buy a primary residence in the next year or two. Will rent my current primary residence and don't want to mess the DTI ratios.

If it's going to be in Bakersfield or somewhere far I do think I'll need PM.  I've also started to look in south bay as it will be local for me and probably no pm needed.  

Above reply for 

@Andy Mirza 

@Francis A. 

@Matt R. 

thank you for the bakersfield Idea, These are the areas i was looking at

1. Riverside county (Corona, Palm Desert)

2. Palm Dale/ lancaster

How do you guys figure out which area would be better, besides the unemployment rate.

Now i am definately thinking about bakersfield as it has its own local economy structure. 

Above reply for @Allan Glass 

 Above for @ALLAN GLASS