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All Forum Posts by: Francisco Milan

Francisco Milan has started 38 posts and replied 83 times.

Hello

I am trying to get a house in surprise rented, I have listed it on 2 sites facebook marketplace and zillow. I do receive applications but at least 90% of them from zillow are from California and not sure to rent to them some are borderline qualifiers. Facebook ones seem to be a lot of bad credit and people explaining their life situation hoping me to rent to them.

Do you guys have a place I can find solid tenants ? 

Post: What are the most affordable postcards ?

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 83
  • Votes 24

Hello

I am looking to send out around 20k postcards a month but havent done it in a while so starting to research pricing again. So far I know click2mail they pring and mail to the list yo upload. Is there a more affordable place to send out postcards? 

Hello,

I have a question for experienced SFR landlords, what is the best way to go when buying a house cash and raising its value. The goal is to get all money back and if possible a bit out if the numbers make sense. House is purchased with LLC and I can sell it to my wife or family members, goal is to build a portfolio of 20 plus homes.

Should I sell it to family member or since it was purchased cash transfer deed after purchasing it then having the refi ? Not sure if this makes sense tax wise. Would appreciate advice to anyone who has done this multiple times. 

Hello

Has anyone taken his course ? I think he buys homes and build on them correct? Does he scrape them down and build multiunits? 

Post: Is anyone wholesaling to hedge funds ?

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 83
  • Votes 24

Just wanted to see what your guys thoughts are regarding wholesaling to hedge funds at this moment. What ARV are they buying at ?

Post: How were you staying busy in the 2008 recession ?

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 83
  • Votes 24
Quote from @James Hamling:

New home development stopped on a dime, which I was in, so i had to take a big step back and when I realized it was going to be more then a few day/week thing, I got busy figuring out how I was going to evolve. 

A few months into it, I recognized this opportunity to put my skills to use, so i started flipping homes. As most said i was nuts I knew I was onto something smart because most were in chaos and clueless so going opposite of the pack seemed spot on. 

Then I learned all about redemptions, and then wholesaling, and kept on flipping. I kept learning, reaching, adding new skills and tools to the tool belt, evolving over and over again. 

I had this motto that I shared when people asked why i was doing what I was doing "because I refuse to participate in a down economy". I said that over and over, day after day, I simply refused to participate in the sh#t side of things. And demanded of myself that I simply make my reality happen, period. 

It was amazing times, seriously. I found the best of myself, and I never experienced a recession, I experienced a boom. For me the recession was "elevator music" at best, something in the background my ears heard and brain ignored. 


 What an amazing journey it must of been sir, adding skills to become a better investor/agent.

Quote from @Lamar George:

I actually think that many are being pesimistic about the change in the market. This is a great time to wholesale. The market will continue to see low inventory. The last 2 years was like the wild west in real estate. The days are gone where locking up a deal at 75-85% of ARV is not going to work.

We need to get back to the fundamentals of wholesaling. Yes buyers are tightening up their criteria. All this means is we go back to the fundamentals. In fact I believe that the best option for wholesaling is to learn how to do creative finance especially with more foreclosures hitting the market. 

There are deals out there. Myself and many others are still finding and wholesaling deals. Don't let the noise of speculation affect your mindset and ambition. Get out there and keep the hustle moving. We are still helping wholesalers sell their deals. Buyers are still hungry they just decided to eat a little healthier.


 You coudnt have said that any better. 

Post: How were you staying busy in the 2008 recession ?

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 83
  • Votes 24
Quote from @Mose Gebremeskel:

14 years old in 08. Honestly cool to see the range of answers on this thread!


 It really is, thats why I wanted to ask those who had been through the crash. 

Post: How were you staying busy in the 2008 recession ?

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 83
  • Votes 24
Quote from @Lexey Vezzoso:

This is a great question Francisco!

I was not in real estate during 08 but it's great to learn from people who experienced it and hear what worked best for them. 


 Same and yes very important as things are changing. 

Post: How were you staying busy in the 2008 recession ?

Francisco MilanPosted
  • Gilbert, AZ
  • Posts 83
  • Votes 24
Quote from @Carlos Ptriawan:
Quote from @Francisco Milan:

Hello Everyone,

Wanted to ask the professionals of this forum who have been around for a few crashes, how were you staying busy in the 09 recession ? What did you focus on to serve your clients and get closings ? What skills did you have to learn ? Did you target any specific buyers or sellers ? If yes what was the criteria ? 

Your response will be highly highly appreciate


 In 2007,2008 I'm avid reader of zerohedge, so their analysis is pretty much correct that one of the big bank will collapse (2008 Lehman) and exactly at that price, we started buying homes.

2009 is very busy because there're multiple bids everywhere, like 20 30 bids in the bay area. very busy 2009.


 Is zerohedge still around ?