All Forum Posts by: David Newfang

 I will reach out in a few days as I am getting ready for a long drive out of town. Thanks!

Hi Everyone. I am looking for a CA lender who works with BRRRR investors. I have one LTR right now and am about to start a flip. This strategy seems to make more sense especially in CA.

Thank you in advance for any advice or direction. 

David, Lancaster, CA

A 2 Bed and 2 Bath property located right on the main street in town, within walking distance to the park, and stores, and it is also near the Colorado River. This is a 2-unit home. This unit would be great for a buy and hold rental or an AirBB. This are plenty of great things to do. A great investment opportunity awaits! This property will be turnkey ready in about 90 days. Asking price will be 185,000. Let me know if you have any interest in this property.

Thanks! David

Hello, I am working on a creative finance strategy. Basically, I want to have the owner, let me rehab for sale. they will list in the 900's take 775K what they want. and pay the rest to me at closing for the rehab and equity. Kind of a JV but a little less formal. Any copies or suggestions?

Thank you all in advance. 

If there are any investors in Lancaster, Ca please reach out! Looking to network. 

@Kristi K. Thank you, I will look into them!

Hello Everyone. I am a huge biggerpockets fan. I am hoping there is someone here that could recommend a self directed account. I have a traditional 401k that I want to move! 

Thanks in advance! 

David 

Lancaster, CA

@Greg Scott, I was assured through some more research and speaking with the tenant, that the balance is their responsibility. It all worked out. All is good. 

Thank You so much for the response. I am a first-time landlord and was stressing out a bit. 

@Greg Scott wouldn’t accepting monies over the alloyed voucher be illegal? That was my thought but I don’t want to get into legal trouble over 300 dollars! 

I have a tenant (prospective) lease already signed for $3400.00 section 8 is saying they are only obligated to pay based on their comps $3067.00. Can I break the lease as a landlord with no penalty for tenant  not being able to meet the rent amount?