All Forum Posts by: Daniel Rosado

I've tried a couple of subscription sites to verify a property's owner and owner's mailing address but find that they're too expensive. Realtytrac, for example, is $50/month and gives you reliable ownership information. However, I feel like that price is that high because of the foreclosure information that they provide. I've been going directly to the County Recorder's office to find foreclosure properties so I don't really need to pay a subscription service for that.

Is there another tool I can use to get reliable ownership information?

Thanks.

Sorry, I know there's a lot of material out there on this topic but I still can't seem to make a decision on what type of business structure makes the most sense for me.

I'm just starting out, but my plan is to start out with wholesaling and "fix and flips", and eventually get into buying rental properties. Everything that I've seen says that an LLC is best for long term investments (rentals), and an S Corp is best for short term investments (fix/flip). Does this mean that I need to separate my business into two businesses?

Thanks,

Daniel

Hello,

I am completely new to real estate investing. I have been trying to get started but I'm not sure what the best strategy is given I have limited funds for my first deal. I have posted regarding this topic before and the general consensus was that I should just start saving more aggressively and then eventually buy a multi-family property as my first deal. I have been working towards that but it just seems like a very slow process given my expenses and I'm getting married this year. I'm determined to find a way to get started now but I'm unsure how.

I'm in the LA area so the market is very competitive. Most properties, even those that require intense renovations, are still out of my price range. I heard on a recent BiggerPockets podcast that some investors use private lenders rather than going through a traditional bank. Can anyone provide some more information on this? Is going through a private lender something I should look into?

I have thought about wholesaling but it seems like it would be tough to stay persistent with since I have a full time job.

I have the credit to get approved for a loan but seemingly not enough cash for a down payment or to fund any rehab projects.

I appreciate the help.

Thanks,

Daniel

Hello - I'm just starting out and the biggest hurdle for me is related to obtaining the necessary funds for a down payment. I've recently gotten out of debt so I have the credit required, however, I don't have anything significant saved for a down payment.

I just had the thought of looking into taking out a personal loan with a bank to fund the down payment for my first deal. Does anyone have any experience with going this route? Pros/cons? 

Thanks.

@Logan Allec I live very close to there!

Thanks for your input. When doing my research about wholesaling and hearing different testimonies about how great it is, I was a little skeptical because I know the LA area is very different. The reason why I want to go the wholesaling route is primarily because I have limited funds to go out and purchase a property for myself. My goal is to put in the work wholesaling and eventually have enough capital to buy rental properties and invest in rehab projects.

Hello, my name is Daniel and I'm looking to start wholesaling in the Los Angeles area. I've done a lot of research on the subject through the articles on BiggerPockets and Youtube videos. I'm ready to dive in. If anyone has any tips on how to get started or any insight into doing business in the LA market please let me know. Thanks!