Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Daniel Guerra

Daniel Guerra has started 18 posts and replied 112 times.

Post: Become an iBuyer - Express Offers eXp Realty, properties via mail

Daniel GuerraPosted
  • Investor
  • Greater Chicago Area and Northwest Indiana
  • Posts 138
  • Votes 42

@Janani Kalpathi

Definitely not for a rookie buy and hold investor. To be an iBuyer, you need to have purchased 25+ properties within a year. Sorry.

Post: Become an iBuyer - Express Offers eXp Realty, properties via mail

Daniel GuerraPosted
  • Investor
  • Greater Chicago Area and Northwest Indiana
  • Posts 138
  • Votes 42

This is your opportunity to become an iBuyer. eXp Realty has a program called Express Offers. The image attached are examples of buy boxes you create as an iBuyer. You create a specific criteria that matches your needs within a specific area that you would like to invest in (buy box). You would get deals that exactly fit your criteria that includes pictures, property report, etc. We can arrange a personal property inspection by your representative if you desire before making a cash offer. You then have an option to make a cash offer or walk away at no cost.

There's no sign up costs. You can get 100 properties, reject them all, and not pay a penny. You can determine who pays closing costs and you don't pay commissions. There is a $2,400 fee per transaction at closing.


In order to qualify, you'll need to meet the criteria below:

1) iBuyer must have purchased at least 25+ properties in cash within the last year

2) iBuyer must be able to provide a Proof of Funds showing they have the cash to close on properties within the offer range

3) Only cash iBuyers are allowed into the platform

4) While you can have an internal brokerage (licensees) to buy or sell their own properties, you cannot have a brokerage that actively engages outside consumers to list and buy properties other than your own portfolio (i.e. you cannot be a competing brokerage)

Looking for iBuyers in all 50 states

Please visit expressoffers.com (seller's portal) for more information.

Please contact me to join or for additional questions. I would be happy to help.

Every state has an official nickname, but when Americans summarize their state in one sentence, they often get a bit snarkier than those government-approved mottos. These funny one-sentence descriptions of states vary from ridiculing high taxes to really, really underselling a place as a vacation spot. Let me know if you agree with them.

California Buyers Beware
At Least Ohio Is Important Sometimes
Alabama Is Thankful
Minnesota Isn't All That American
What To Say About Iowa?
A New Jersey Welcome
W Is For Washington, Weed, And Water
Wisconsin Has Beef
Illinois Is A Real Challenge
Alaska Is Gigantic
A Culture Clash In Indiana
Florida People
Utah Has Two Things
Colorado Has Everything You Need
Skip Most Of Louisiana
West Virginia Loves Coal
A Simple Nebraska Life
Nevada Has Everything
It Gets Lonely In Wyoming
Maryland Has A State Seasoning
Monochrome Arizona
Drive With Caution In Massachusetts
Virginia Class Structure
Kentucky Isn't So Bad
Cozy Up In South Dakota
Equal-Opportunity Montana
Pennsylvania Sounds Nice
Dorothy Didn't Like Kansas Much Either
Everything Is Bigger In Texas
North Carolina Plays Catch-Up
There's A State Outside Of New York City?
Choose Carefully In New Mexico
Michigan Waves Hello
Missouri Is In The Thick Of It
New Hampshire Looks Pretty
North Dakota: Where Time Stops
Delaware Has Tax Breaks
Oklahoma Has A Lot To Offer
South Carolina Competes With The Other Carolina
Oregon Is Eco-Conscious
Tough Times In Idaho
Vermont Gets Tricky
Stay Out Of Connecticut
Don't Go To School In Tennessee
Give Arkansas A Chance
Hawaii Isn't Really Like That
Catch A Wave In Rhode Island
Mississippi: More Than Repeating Letters
Georgia Makes A Stand
Housing Options In Maine Are Limited

Post: How to Find the Public Record for Property in Indiana?

Daniel GuerraPosted
  • Investor
  • Greater Chicago Area and Northwest Indiana
  • Posts 138
  • Votes 42

@Alex Barron

What county is the property in? Could you possibly share the property's address? Thanks!

Post: Out of state investing - Texas to Indiana

Daniel GuerraPosted
  • Investor
  • Greater Chicago Area and Northwest Indiana
  • Posts 138
  • Votes 42

@Mike D'Arrigo I always loved Indianapolis. I just live too far from that area and I don't feel comfortable enough to do long distance yet. I am invested on a semi-long distance property in LaFayette, Indiana (Purdue University). We will see how that goes.

Most of the US country has been appreciating. Some more then others.

Post: Out of state investing - Texas to Indiana

Daniel GuerraPosted
  • Investor
  • Greater Chicago Area and Northwest Indiana
  • Posts 138
  • Votes 42

@Mike D'Arrigo Nothing wrong at all with Indiana, especially in Indianapolis. I am happy with Northwest Indiana since it's close to me in Illinois.

Great information by the way. Property taxes can kill cash flow tremendously. Illinois is the perfect example. I am seeing some high property taxes in Texas.

Cash flow is definitely something you need to research closely for each property. Not all are the same, even in Indiana.

There are other ways to make money in Real Estate besides buy and hold. A booming population has many benefits. Fix and flip, development, wholesaling, etc.

I would be shocked if the Indianapolis appreciation continues to grow at 10% year over year but you never know. If only I had a crystal ball.

Post: International New Investor Looking at Indiana for Buy and Hold

Daniel GuerraPosted
  • Investor
  • Greater Chicago Area and Northwest Indiana
  • Posts 138
  • Votes 42

@Ahmad Alsarawi

Northwest Indiana Property Managers

Rose Property Management, Rent C.A.P.S., Adam from RPM

Post: International New Investor Looking at Indiana for Buy and Hold

Daniel GuerraPosted
  • Investor
  • Greater Chicago Area and Northwest Indiana
  • Posts 138
  • Votes 42

Welcome Ahmad! Best of luck in your Investing adventures.

Northwest Indiana is a fantastic place. There's a wide array of prices and different cities. You will find Class D areas (Gary, East Chicago, etc.) to Class C (Hammond, etc.) to Class B (Munster, Highland, etc.) to Class A (St. John, etc.). 

Definitely do your own due diligence as much as you can.

Post: Can Wholesalers work with iBuyers?

Daniel GuerraPosted
  • Investor
  • Greater Chicago Area and Northwest Indiana
  • Posts 138
  • Votes 42

@Greg Scott @Charlie Cameron

Express offers by eXp Realty is definitely a game changer. New in October 2019. I believe this will be a big part in the future and it's ever evolving. I love wholesaling (assigning contracts) like the next person but there's a ton of gray area in the legal department. Now you can still buy a property as an iBuyer and flip it to the next investor but you need to take title instead of assigning the contract.

Companies that fix and flip, buy and hold, or invest in land can now be an iBuyer as long as they buy at least 50+ properties per year and don't own a brokerage. The other iBuyer programs don't give an opportunity to these companies.

Only the eXp Realty agents can present the deals to these iBuyers however. eXp Realty has just reached 31K agents. It was at around 20K back in October 2019. 

Post: Out of state investing - Texas to Indiana

Daniel GuerraPosted
  • Investor
  • Greater Chicago Area and Northwest Indiana
  • Posts 138
  • Votes 42

@William Espich 

Honestly William. I would stick with Texas since you're already there. Long distance investing is not impossible by any means but very tricky, especially for your first investment property. Texas is the number growing state in the USA. There's a ton of demand in your area.

Maybe partner with somebody that has the money. Easier said than done. 

I wish I was in Texas instead of Indiana. Nothing wrong with Indiana but you are in the actual Gold Rush.

Remember one thing though, if you can find the deals, then you will be a hot commodity in Texas. Figure out how to find deals or partner with someone that knows. Use your contracting experience to your advantage. Work something out with that Investor. I wish I can just come down there and help you.

Post: New Investor from Northwest Indiana

Daniel GuerraPosted
  • Investor
  • Greater Chicago Area and Northwest Indiana
  • Posts 138
  • Votes 42

@Val Williams I have touched just about most of the cities in Northwest Indiana (Hammond, Munster, Hobart, Valparaiso, LaFayette, etc.). Where did you plan on investing?