All Forum Posts by: Diya Wahi

@Alex Castillo I have not used these companies for wholesaling, but I am full time Realtor and I use these companies for my deals. First American Title (Daphne Alt) and Fidelity National Title (Victoria Bowling). For Escrow I work with Mariners Escrow (Sam Welker).

Hopefully that helps

Yeah it's a tough position to be in but I agree with the sentiment above that you should be very clear in your communication with any agent you are working with. As an investor, cultivating different lead sources for deals is common. But as a regular homebuyer, agents will definitely expect exclusivity. I do find it strange that the agent/investor would get so offended since she knows how the game is played. But nonetheless, it's good practice for you moving forward. 

I will be there tonight!

 I appreciate the feedback!

 Thank you Cesar. Let me know what your contacts think!

 I think that's a great point about the pricing and cost to build per unit. I am playing a bit of catch up. I was brought in to the deal after the price had been agreed upon with the seller. I think it might be overpriced as well. I was hoping a comp a couple of blocks away from this property would be the saving grace. It's a luxury 6 unit building asking $7.8 million that would justify the asking of $2 million - $2.5 million the seller wants. 

Hoping I can get some feedback about a deal that was brought to me. I am Realtor and a friend hired me to find a buyer for an off-market duplex in LA (West LA/Beverly Hills area). I have posted the deal on Biggerpockets and reached out to my buyer list but I have yet to receive any feedback or offers. If anyone can give me their thoughts on the deal and what I can improve to make the deal more appealing, I would appreciate it.

Property Details:

Asking $2,500,000

4 bedrooms, 2 bathrooms

6,000 square foot lot

 The lot is zoned R-3 and it has great potential for additional units (5 - 6 units). Property is best suited as a tear down. Condition of the interior will not allow for conventional financing. 

The asset has a redevelopment opportunity as well. The duplex is 820 feet from a qualifying bus Transit Stop on Olympic and La Cienega and 1,300 feet from New Metro Station at La Cienega and Wilshire Blvd.

The location qualifies for a Tier 3 TOC zoning bonus of 70%. The zoning bonus would allow for 8 -10 units on the lot.

I agree with both of the previous responses have alluded to. Building a network of deal finders will help you get in front of properties that meet your investment strategy. But you probably need a financial Plan B, C, and D. If house hacking does not fit your particular market's wheelhouse, you need to change up the approach. Also curious. Is Dayton the only hot market near you? Or other towns/suburbs nearby providing opportunities that fit your needs?

Reading through the responses you have received so far, I am wondering if it makes sense to seek the opinion of another lender you have relationship with? You may be too far down the road with your current lender, but if you have real concerns about the numbers he/she is coming up with in relation to your DTI, maybe another you trust can do it correctly?

1. Orange County, CA

2. Las Vegas, NV

3. Phoenix, AZ

4. Seattle, WA

5. Cape Cod, MA