All Forum Posts by: Bobby Christoulakis

I did a seller finance deal last year that I hold the note on. Its secured by a 1st deed of trust. The property is a commercial building in a strip mall. The buyer put a large down payment and I feel the interest rate is very good at 12%. The note is preforming. I'm looking to sell it because I have the opportunity to purchase a property I've had my eye on for a while and could use the money for the purchase. What's the best strategy for finding a direct buyer? Not a broker who is going to low ball me.

Back in April I sold a building that I owned. The purchase price was $650,000 the buyer put $250,000 down. I did seller financing for 12%  plus a finance charge of 8 points of the purchase price which we also financed and wrapped into the deed. The principal balance is $452,000 amortized for 30 years 10 year balloon and the first 3 years are interest only payments of $4,520 which have all been paid on time with no issues. The note was drafted by an experienced attorney and is secured  by  a  1st deed of trust. I have gotten a bunch of letters and calls from people wanting to buy the note and I'm not desperate to sell because I'm making good money on holding the note, but I am curious what a good offer would look like. I would want to sell the whole note if I was to part with it. I would not be I interested in selling only part of the note. Any insight is greatly appreciated. 

it should be fine. We dont get crazy busy during the week. 

If it's too loud I have a decent size back room or I'm open to other ideas also 

@kevin moules that works for me!

I also live and invest in Modesto.  I also own a couple local bars. Anytime you want to sit down and talk rentals over a cold one or even a soda let me know! There are still deals in Modesto, you just have to know where to find them.  

Nicholas,  thank you. How do you pay him? Per hour, per job or just a set amount per month? 

Hello everyone,  I just closed on a 23 unit property,bringing my total number of units to 85. I find myself on the fence weather or not I'm big enough to hire my own full time handyman. I dont do much of the maintenance myself and usually hire different contractors/ handyman. Ideally I would like to have my own employee who knows how I like things done and also doesn't have 4 different jobs going at once, I would be their only priority.  Any knowledge about hiring a full time handyman would be great!

I am in the process of doing a 1031 exchange and am looking for a 10 + unit propertie in Modesto. If anyone knows of something please let me know.  Thank you

I currently have 7 properties all with 50% or more equity in them. I want to continue to purchase more properties but the local market is too high right now. In my opinion it will calm down in the next 5-8 years, at that time I want to be in the best position possible to take full advantage of the market. I am in need of some advice on what to do in the meantime. Weather I should pay down the loans I have right now so that when the time comes to buy I can refinance and take out the equity or do I take out the equity now while it's at its peak and hold it until the time comes. I can see pros and cons in both. If I take it out now I will get more money but I will be paying interest on it until it is used. If I wait until I'm ready to but I will not be paying interest on money that is just sitting there but at that time the market will be low and I won't be able to pull out as much money. Any advice is greatly appreciated.