All Forum Posts by: Christopher Abernathy

Jim Keller sean reached out on my other post, thank you. Makes sense that i atleast get a breakdown for that $60/mo. :)

I would like to know how to fillet the financial info on these property radar results.(SEE PICS BELOW) in other words, rule out the deals that have a weird sign in the financial transaction history that says they or a "no go"  and also the financial signs that all point to YES YES YES,  PLEASE GO AND KNOCK THIS DOOR. 

i have hit a total of 35 doors speaking with around 15 homeowners.

2 - semi polite NO's

15 - Hell no's

2 - IF YOU DONT GET THE F%$ off my properties'

16 - the rest not home :)

im in sales and have a tough skin, lol

but im ready to get rollin again!!!

im motivated but id rather

"measure twice and cut once" than

"ready fire aim".

I would LOVE to host a google hangout or even just a 15 mins call on the phone from those who have the most experience while we both review a few of these results. weeding out the properties i come up with that are a for sure "no go" because of the specific transaction history. 

i hope i am making this clear, yet I  am sure some of the experienced investors have a few simple set rules when checking out this information window i have screen shotted. Any INFO on this will be helping me cut down on my door knocking time, picking out some of the most valuable potential clients. so far... I have my website up..www. topdollar 4 myhouse.com my biz cards ... My flyer i created yesterday (shown below) and my google number linked to podio so i feel ready .. . .

locations i can drive to and door knock wholesaler wholesale , foreclosure preforeclosure or tags :

riverside,

loma linda

rialto

cerritos

lakewood

norwalk

la mirada

orange

fullerton

Redondo Beach

Rolling Hills

Rolling Hills Estates

Rosemead

San Dimas

San Fernando

San Gabriel

Santa Clarita

Santa Fe Springs

Santa Monica

Signal Hill

South El Monte

South Gate

South Pasadena

Torrance

West Covina

West Hollywood

Westlake Village

Whittier

I would like to know how to fillet this information helping me cut down on my door knocking time, picking out some of the most valuable potential clients. I have my website up.. my biz cards and flyers printed and my google number linked to podio waiting.. . .

I wouldnt mind doing a google hangout or just a 15 mins ring on the phone from those who have the most experience in weeding out the properties i come up with that are a for sure "no go" because of the specific transaction history. 

MY WEBSITE

I would like to know how to fillet this information helping me cut down on my door knocking, picking out some of the most valuable potential clients. I have my website up.. my biz cards and flyers printed and my google number linked to podio waiting.. . .

please let me know if anyone has heard of this new program or has more investment related problems to look out for on this CA program, BTW here is the link and i also read that it needs to be owner occupied for the 30yr term ?? yikes?  http://www.santa-ana.org/cda/DownpaymentAssistanceProgram.asp

John Singer hi john im not sure i understand your question. These grants and the lenders are all legit but these down payment assistance programs arent as widely known. If you want more info about the lenders or these grants u can PM me but i have heard about them through youtube vids as well as calling several CAL-HFA certified lenders and asking. I can send you all these links and explain if you would like. I posted this question in hopes that a lender on here would be familiar with the platinum and also hopefully have good news about its return.

Hamde Farha id love to get updates on 2-4unit in nor cal also, thx

@David Dye Thank you for the positive advice.

These are great points about paying for the lack of equity or skin in the game on points!

Never realized that side of my initial investment. 

I sent PM info. talk to you soon :) 

Thank you @Alexander Zurn. Will do. 

@Jeff B. Understood, makes sense. 

lolz, great analogy. that makes sense yet i really despise renting and by purchasing a SFH, id have to go just as far out and to the same areas i listed to break even if rented it out later.

I have to be willing to take what i can at the moment and im not too worried about screening tons of tenants before choosing. 

any other suggestions with so little down?  

after repairing my credit as well as families.

I want a 3-4 unit property and im willing to live on site for a 6mo - 1 yr no prob.

i was hoping for a 1% or 0% miracle yet i have heard these are for SFH using CAL HFA in combination with ZIP or MY HOME?? not available for Multi family?

on BP podcast show 210.,I hear of smaller banks with no PMI on less than 20% down.

and my other light at the end of the tunnel was a 3% down multi family qualifying loan with no PMI if you are 720 FICO and 3 month reserves in bank.

i I am now credit worthy (mortgage score qualified) and after selling my wife on the fact that our 2016 tax return ($7,000) must all go towards our first Investment property and first property in general as downpayment/reserves. I just heard about cal HFA Multi-fam owner occupied GSFA Platinum down payment assistance grant, and then... days later ... POOF! All lenders i have contact with seem to think its on hold / gone / not being used or in affect ??

FYI my current situation is:

ME - FICO 665 middle score / $45k/yr income / $200/mo DEBT

WIFE - FICO 650 score / $0 income / -$625/mo DEBT

BROTHER - NO FICO - currently building / $30K income / $0 DEBT

available max Down Payment $7,000

PRO's

Willing to purchase duplex / tri / fourplex in : riverside / rialto / pomona / ontario / san bernadino (no orange/red Crime map)

price range : $180k - $450K

REQUESTS: need atleast one unit to be 3 br

*looking for value add* as well,

After hearing the hundreds of first step methods, im finding it a bit hard to narrow down my search criteria.

2nd question is:

After stating our current situation, what other strategies loan programs or methods to begin our first MFH buy and hold purchase would our financial situation warrant the most profit and least risk in this interest rising CA desert property market?