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All Forum Posts by: Derrick Reyes

Derrick Reyes has started 7 posts and replied 20 times.

Post: My Story of Buying a Commercial Property with a VA Loan

Derrick ReyesPosted
  • Real Estate Investor
  • Las Vegas
  • Posts 22
  • Votes 16

Great post Jonathan! I am curious to know how you go about finding out whether or not it was originally built as residential and rezoned. Let's say you find a property listed as retail/commercial but it looks like a house? What is the next step?

Thank you so much for sharing with us!

Post: Before You sign up for PropertyRadar

Derrick ReyesPosted
  • Real Estate Investor
  • Las Vegas
  • Posts 22
  • Votes 16

Sean,

    Now that is a great honest reply and I can respect that reasoning. You offer a great service in PropertyRadar and the fraud and exploitation you mentioned is difficult to combat.

One suggestion may be to simply add a button or tooltip that says "Why do I have to contact customer support to cancel?" And then give the exact explanation you gave me. I would have read it. 

Thank you again for taking the time to reply.

- Derrick

Post: How do I analyze this pre-foreclosure in San Jose?

Derrick ReyesPosted
  • Real Estate Investor
  • Las Vegas
  • Posts 22
  • Votes 16

Sean,

    Wow, thank you so much for taking the time to write such a helpful reply. That is exactly the kind of education I needed. your post helped me to consider some of the other details and viewpoints that I was unaware of. Thank you for being a part of what makes BP awesome.

Derrick

Post: Before You sign up for PropertyRadar

Derrick ReyesPosted
  • Real Estate Investor
  • Las Vegas
  • Posts 22
  • Votes 16

@Travis Hamilton 

#1) It's a business decision to piss off the people who tried your service? Maybe I can't afford it now but I sure can recommend your business to my friends who can. Also, I'm sure if it were your business you'd rather have me praising it on social media instead of bad mouthing it. It might be a business decision, but it's more stick than carrot.

#2) This is an outdated method of retention that simply insults the people who took the time to try your service. Very few other websites that offer free trials make you contact customer support to cancel. Why would you put yourself behind the competition?

#3) If they are likely to never sign up whose fault is that? Is it mine for not finding the service worth the money or yours for not setting your price point at a place that matches the value of your services? Maybe its nobody's fault so maybe the potential customer shouldn't be punished. 

#4) This just smacks of bait and switch. When you sign up for a free trial they show you a welcome video and tell you to go to billing and simply press cancel. However they stop there and fail to mention that pressing cancel just bring up a window that tells you to contact customer support.

Post: Before You sign up for PropertyRadar

Derrick ReyesPosted
  • Real Estate Investor
  • Las Vegas
  • Posts 22
  • Votes 16

Hey everyone,

I have found PropertyRadar to be an amazing website and REI tool. That being said, if you sign up for their free trial please be aware that they make you contact customer support in order to cancel. Also, their customer support is only available M-F 9am to 5pm.

My free trial expires over the weekend so I hope they receive and honor my cancellation request before my credit card is charged. 

They have a slick site. This is 2015. In this day and age most websites that offer a free trial also make it easy to cancel with the click of a button. I know the CEO of PropertyRadar sometimes monitors these posts. This just seems like an unnecessary step to make it harder to cancel after the free trial. It is just an annoyance for potential customers, please consider redesigning this part of the Free Trial experience.

Thanks,

Derrick

Post: How do I analyze this pre-foreclosure in San Jose?

Derrick ReyesPosted
  • Real Estate Investor
  • Las Vegas
  • Posts 22
  • Votes 16

Hi Everyone,

     First of all I am pretty new to all this stuff but learning fast. I was doing an equity search around my neighborhood using propertyradar and found a property that had equity, was unlisted and was in a pre-foreclosure status. 

Now from what I've been reading, this is a potential deal right? Perhaps the owner is in distress and wants to sell. Perhaps I should approach the owner and see if they are interested? The point is I'm just not sure and there are so many articles on this and other websites that its hard to find one that answers this question. So I'm asking you guys. here are the numbers:

Single family residents near downtown San Jose

3BR 2.5BA

Est. Value: $648,273

Loan Balance: $612,900

Equity: $35,373

Owner occupied.

Foreclosure Details:

Default Date: 10/9/2014

Default Amount: $218,960

Loan:

Recorded on: 4/14/2006

Amount: $508,000

NOD Recorded on: 10/10/2014

Okay so I'm here to learn. What other numbers are important here? Is there a potential deal here? I walked by the house and its a little run down but the issues look to be mostly cosmetic. Obviously I haven't been inside. Could use a fresh coat of paint and some gardening. 

Thanks!

Derrick

Post: Newbie from the San Francisco Bay Area!

Derrick ReyesPosted
  • Real Estate Investor
  • Las Vegas
  • Posts 22
  • Votes 16

Wow everyone I am constantly impressed by the community here and the eagerness to share advice. Thank you guys so much for the inspiration and words of wisdom!

Post: Newbie from the San Francisco Bay Area!

Derrick ReyesPosted
  • Real Estate Investor
  • Las Vegas
  • Posts 22
  • Votes 16

Thanks for the warm welcome!

Post: Newbie from the San Francisco Bay Area!

Derrick ReyesPosted
  • Real Estate Investor
  • Las Vegas
  • Posts 22
  • Votes 16

Hi James! 

    That's a tough question because I'm not sure what you folks may have heard of. But I've been a part of some medium size titles which have gained some broad visibility. These include Champions Online, Star Trek Online, and Neverwinter Online.

Thanks!

Derrick

Post: Newbie from the San Francisco Bay Area!

Derrick ReyesPosted
  • Real Estate Investor
  • Las Vegas
  • Posts 22
  • Votes 16

Hi Everyone!

   I'm Derrick. I'm an audio designer working for a video game developer in the South Bay area. I live in San Jose and I am incredibly impressed with BiggerPockets! I have been diving in and learning as much as I can over the past week. The SF Bay Area market is intimidating but also incredibly exciting. I'm anxious to learn and I'm anxious to help and I'm anxious to get started!

So I hope to connect with some of you in the near future!

Thanks,

Derrick