Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Brandon Diaz

Brandon Diaz has started 7 posts and replied 69 times.

Post: Leads for Wholesalers

Brandon DiazPosted
  • Professional
  • Memphis, TN
  • Posts 70
  • Votes 49

I am interested as well. I would test out the service and see if it works out for everyone. I am in 2 locations that we wholesale in.

Post: Seller financing question

Brandon DiazPosted
  • Professional
  • Memphis, TN
  • Posts 70
  • Votes 49

Does sound pretty screwy actually. Depends on what kind of seller financing they did. Your grandmother may have done like a "land contract" and it isnt recorded on the deed. So section 8 would only deal with your grandmother? Im guessing. because she is the only person on title. 

You would need to read the documents that was signed to "the woman" and ask more questions about the situation with "the sister"

Post: Transferring Property to a LLC

Brandon DiazPosted
  • Professional
  • Memphis, TN
  • Posts 70
  • Votes 49

Real simple. Go to your title company and pay for them to do a "quit claim deed" to your company. You can do this yourself. It is very simple to do yourself. But since it is your first time. Pay someone and look at the quit claim deed and in the future you can determine if you want to pay for the service next time. 

Post: Flip stuck in market?

Brandon DiazPosted
  • Professional
  • Memphis, TN
  • Posts 70
  • Votes 49

Something that I have had luck with on properties to get sold quickly. The listing agent I reduce them to 2.5% commission but on the selling agent I give them a 4% commission if they bring a buyer in less than 30 days. It is easier to setup this from the very beginning, but look at that .5% as an extra marketing fee and it will drive buyers and the selling agents will want their clients to at least want to place an offer. Thus you have a better chance of selling.

Post: What was your first deal?

Brandon DiazPosted
  • Professional
  • Memphis, TN
  • Posts 70
  • Votes 49

I always love to see how someone did their first deal. Anyone care to share? (Deal type, profit, time to do it, etc.)

Mine: $2,500 wholesale deal, 3 weeks from start date, un-sight/unseen.

Post: Seller wants to keep Earnest Money upon Assignment

Brandon DiazPosted
  • Professional
  • Memphis, TN
  • Posts 70
  • Votes 49

In this verbiage that you are sharing. They dont make anything off your assignment. They just get your earnest money NO MATTER WHAT! If you have a buyer. It wont matter let him keep the earnest money. He was getting it anyway if you were to close.

Post: Looking for a BOOK!!!!????

Brandon DiazPosted
  • Professional
  • Memphis, TN
  • Posts 70
  • Votes 49

@Andrew Syrios this book was more of a blueprint. All his rentals were EXACTLY the same and had it were you could change the pricing if you needed to. I remember it had Pex piping for the plumbing. It was the best rental book I had seen and wish I still had it.

Post: Help me prove my point.

Brandon DiazPosted
  • Professional
  • Memphis, TN
  • Posts 70
  • Votes 49

No cashflow sucks for a lot of businesses. Some people wouldnt mind waiting 5-7 years (its not that long of a time frame) but I am with you. I dont want to do it. Unless the tenants are long term and I have great certainty that I could just sit on it and just forget it for that long. But unfortunately I am not that patient. 

What you could do is try to negotiate the price down as low as you can with the financing. See if you can make it cashflow based on that offer. If you can get that you can possible get it even cheaper later by offering to settle the note in cash. But basically you are in the drivers seat. 

But as far as your question is concerned. I agree with you. You want to ensure cashflow you may have to pay cash now. I was just giving you some other options.

Happy investing.

Post: William Tingle Subject 2--Is his course worth it?

Brandon DiazPosted
  • Professional
  • Memphis, TN
  • Posts 70
  • Votes 49

At that price, you really cannot lose for a course like that. As long as they are not full of junk. If they are, I would demand my money back. If they don't, make sure you leave enough reviews. But, only if the info is bad. When you get it in the mail... Let me know what your thoughts or questions are and Ill help you determine that.

Happy investing

Post: how fo i go about marketing to buyers

Brandon DiazPosted
  • Professional
  • Memphis, TN
  • Posts 70
  • Votes 49

Not the best answer admittedly, but it does work. You can create "dummy ads" and "dummy signs" on websites and signs that you have a property for sale in _______ area for cheap and when you get calls or emails you tell them that they property already sold but you can let them know when you get another deal and get their information. 

Now, here comes the "unethical police" telling me that this is bad advice. Let me say, we all got started at one point in time and had to grind. I no longer do this, but one time I did and it worked.