All Forum Posts by: Chad Aziz

@Henil Patel depends on the condition of the freezers, a broker of used equipment may buy them from you. If you want to move them yourself, look for a rigging company.

@Karen Margrave no I did not

I've heard Pentagon Federal CU will do Non owner occupied properties, call them to see if they lend in TX. 

So, I've been approached through a friend for an investment in a large scale hemp farm (couple of hundred acres).  First of all, it is Hemp, (not Cannabis), Hemp does not have the psycho-active ingredients that get you 'high'.   In case you're interested in learning about the differences you can click on this Quora article.   The ultimate goal of this farm will be to sell the hemp, mainly for CBD oil. 

The investment plan calls out for land entitlement, whereby the investor doesn't actually own a couple of acres of the land but is entitled to the proceeds from harvesting what is on his entitled area of the land.    Does anyone have any experience in investing in something like this?   Any insight would be greatly appreciated.

Thanks!!

@Tyler Kastelberg & @Account Closed Thanks, I'll give the REO dept @ HSBC a call. Do either of you have experience with acquiring properties like this? I've read about shadow inventory existing in the IE, have you guys heard anything about how much still exists out there?

Chad

Right next to my rental property, is a boarded up house.  I want to buy it.  I know it's owned by HSBC Bank, as that's who the Tax Assessor's office has listed as the title owner.  How do I go about buying it?  Will the bank sell it to me or do they have a set process on how they handle these situations?  Does anyone have experience doing this?  Thanks in advance for looking and replying to this post.  

Things get complicated when you're dealing with friends, as your line of thinking starts incorporating personal feelings along those of your business thinking.  There's nothing wrong with this, its just that you want to protect your friendship along with advancing your business interests, you are trying to be a good friend.

My advice would be to be upfront with your friend (1st real estate agent) and all other real estate agents that you speak with and tell them that you have put the word out with multiple agents about your future purchase.  This absolves you of any issues down the line as you are up front about where you're coming from.  

On a different note,  there is nothing wrong with working with multiple agents when looking to purchase a property unless you have signed exclusive with an agent.  Just remember that different agents have access to different networks and can bring you deals that other real estate agents don't have access to.   

Good luck, hope this helps. 

3/2 are no problem to rent at all, but of course, my experience is restricted to the So Cal market (where any decent property rents right away).

Is this your personal home you're talking about or an investment property?  I think the thought process is a bit different for each scenario. 

@Brian Grant  I think you're absolutely right, the IE is full of pockets that investors can do well in.  The IE is obviously not as expensive as LA & OC and honestly the entire So Cal area is a LL's paradise, in the sense that there is always demand for properties.  Every time I drive through LA, i'm shocked by the number of apartment buildings that are out there.