All Forum Posts by: Chrystal T.

Not really enough info to evaluate.

Depends on market value of both properties - are they listed at fair market values?

If the two properties are located in close proximity of one another, then I would look at the price per/sf to determine whether property A's extra 200 sf and additional "bedroom" is worth its current listing price since the real value is after repairs. If not, there's a point of negotiation to bring down purchase price. 

@Miguel Loza , wow really curious about the deals in MP. Were they on the south part of town? 

Glassell Park and Eagle Rock are also really good parts of NELA to consider. Curious how you're getting the wholesale deals? I've always wanted to door knock out there but I'm hesitant because I don't speak Spanish.

@Daigo Kurosaki , Vegas market might have been decent for rentals if you bought 2-3 years earlier when you could get properties for 60-80k that have now appreciated to a very theoretical mid 100s. But people in Vegas generally tend to move around a lot, unless you get lucky with an elderly couple there for retirement, etc etc. 

I personally find the Vegas market unstable and uncertain. Especially since casinos aren't even really popular now, and the fact that a vast majority of homes are owned by investors. 

@Daigo Kurosaki , some parts of LA can actually have good/decent returns. Boyle Heights, Long Beach, and Pomona are all good examples. Depends on what kind of landlord and investing you want to do though. In fact, places like BH and LB have cap rates comparable to out of state options too.

@Joshua Carvalho , realtor/investor in the SGV. If you've got good deals to wholesale, let me know. Always have investors looking for a good flip.

@Matthew Nixon , what do you rates start at? Do you cover out of state properties as well?

Are you an all cash buyer? How do you feel about bids above listing? - anyone investing in LA will probably be all too familiar with this concept the past year. What do you mean by higher? 20%? or 40%?

Generally speaking, the SoCal market is oversaturated with fix and flip investors so it is more difficult to secure a deal. However, plenty of options are still available out there, and there are definitely realtors who are willing to farm, and wholesalers who use creative, but perhaps shady techniques.

@Jean Cetoute , you would have to do the deal as an assignment that does not involve you as a realtor representing the owner. If you are representing the owner as a realtor, I don't see how you can get out of paying your broker commission. But if eating a bigger piece of the pie is your primary goal, why not consider moving to a firm that pays a higher percentage?

Yes there are definitely agents in these areas that get the whole investor bit.. but even as a realtor myself, I find a lot of agents to be idiots. There's a reason why they are a full-time realtor rather than a full-time investor. 

What kind of cap rates are you looking for for these flips?

With 22k in savings and stable income in a state like Texas, FHA might not be necessary especially since that'll come with PMI, which is expensive. I think in Texas, smaller homes generally have better cap rates/higher CF too, which is probably more ideal when Brittany and her husband are ready to move on to another property.

 Some people like to leverage their money