All Forum Posts by: Chris H.

You can still find deals in Hayward/San Leandro in Multifamily, although as mentioned Tracy/Manteca/Lathrop is a location for residents who commute either via ACE Train or take the Altamont to their jobs. It is 1.5-2 hour commute at times, but people still do it.

Thanks for your reply @Jeffrey H. - It's not in CA, it's actually in the South (why taxes are only 0.3% vs. 1.25%!), and is a pocket listing from a colleague of mine that lives there. For upside, I'm thinking adding more MH similar to the lonnie deal setup, where I play bank for turn-key living that can be factored into the rent. I'll have to take a look at any deferred capital improvements - from what I understand, it's an older gentleman who is getting out of the business to retire with his earnings.

An interesting aside, there was a realtor involved at one point, and they had it for sale at $200k+. Don't know why they parted ways, but it's worth digging into.

Hello,

I've come across a 3 acre mobile home park for sale, and can use help with the analysis:

Current Asking Price: $145,000 for a piece of land with 35 hookups. There are currently 20 spots filled at $150/month. (20 spots @ $150/month X 12 months = $36,000 income)

Assuming 30% down at this price: $43,500

Mortgage of $101,500 @ 4% for 20 years = $615/month or $7,380/year.

Taxes/Insurance (assuming 0.5% tax) ~$2,000 year.

$36,000 income - $9,380 tax/mortgage/insurance = $26,620.

~61% cash on cash return.

I know this does not include fees for collecting rent/marketing the property, but what am I missing here? This deal seems too good to be true. Can use some advice.

Thanks for the shout out Minh L., and welcome to the forums Anton Volkov.! There is much to learn here, I would suggest checking out all the previous threads around wholesaling and how other people started up if that's what interests you. This forum is a wealth of information.

Don't hesitate to reach out to me if you have any questions about the market or want to grab a coffee.

Jerry Puckett, Jerry Kisasonak,

You could definitely set up a buy.domain.com & sell.domain.com, assisting in branding for your company. Like Mr. Puckett mentioned, it would be relatively straightforward having one backend (or cpanel) to work with, and a great idea.

While I am not an expert in either wholesaling or internet marketing, here is my $0.02:

From what I understand, Google (& possibly other search engines) treat different subdomains - for example: sell.example.com & buy.example.com as different websites entirely, in terms of Search Engine Optimization. This will only matter if you are trying to rank high on the search engines for keywords. I will assume for now that you will be targeting your market through mail, flyers, bandit signs, door knocking, and personal networking.

For my hosting, I use HostGator, and am able to have unlimited domains on my account for less than $200 a year. These websites would certainly crash if it had an influx of traffic from major outlets (news sites, etc), but should work for simple websites set up for wholesaling.

Take for instance, how I am going to be setting up my buyers and sellers websites:

For buyers, I will have a website like examplewholesale | com to build my buyers list. It will have a squeeze page, to gather information about their name, number, and email address. From there, I can contact them, find out more about their situation, and add them to my roster of qualified buyers. I am thinking of adding a backend where investors (once signed up), can view property offerings that I have. So in essence, the main site will be just a squeeze page, with a built in login functionality to show properties with photos and information that I have (and can blast out to my email list that I built).

For sellers, I will create a site with a squeeze page as well, although there will be a site built out around it. It will have information on selling their home, and how we can help sell it fast with a quick close. It will be a short email that I can post on bandit signs, a la:

****We Pay Cash For Homes****
*********Quick Close*********
***Call: 888-888-8888 or visit***
*******www | fast sale | com******

This is the way I am foreseeing executing my 2 separate domains, with one being informational as well as collecting buyer information, while the other can collect seller information and disperse deals I have.

I've watched flip men before, and as far as I can recall they had accurate costing in regards to commissions/costs/etc - although on the show there seem to be exaggerations or misrepresentations about certain, for lack of a better term, "plot devices".

In each house, there is always something wrong or something that happens unexpectedly. While things like this occur, some of these "devises" to move the show forward seem potentially falsified to create a dramatized view of flipping homes.

Each different show seems to have their niche - some are instructional, some are meant for entertainment purposes, while other are meant to promote services rendered, and finally others that use a combination of those 3 reasons.

Todd, great sites & advice on having two separate sites. I found & purchased a great domain for selling the properties, now just have to create one for buying.

Hi Destiny,

If you check out craigslist for the bay area, you will find a hand full of wholesalers looking to build their buyers/investors list. Quite a few are real estate agents, and I believe my team and I might ramp up on wholesaling in the near future.

Minh,

In this scenario, they are not upset that they removed their info from one list and received multiple solicitations from other agents? Nevertheless, that is a great technique, thanks for sharing it.

Welcome! Raje, is there a specific property type you want to buy in Orange County.. ie, did you prefer single family homes, multifamily housing, retail, industrial or office properties?

Could you elaborate on goals that you'd like to achieve, ie. have $10mil in assets or $500k cashflow/year?

I look forward to your replies.