All Forum Posts by: Dorian Jones

Joseph M. Supply and demand. That’s why I want to get some deals now and get the capital so that when the market does turn around I’ll be equipped with the cash to be able to dish out more out of pocket. I am also open to partnering with people so that we can split costs. I have the W-2 income and credit score, I just don’t have $30k laying around at the moment.

Sebastian Marroquin Thanks. I will reach out to you to form a relationship and let you know what I find while marketing for motivated sellers.

How’s it going BP family? I’ve been reading, listening to podcasts and I hear a lot of people(new and seasoned investors) picking up deals left and right. I am in the Los Angeles market and just comparing the prices to these deals people are finding it seems a little more feasible. Correct me if I’m wrong, in the LA market you’ll need a bit more capital compared to some other markets. If you’re buying a 80-100k property it’ll be easier to save up the 20 or 30 percent requires to get a hard money loan or something. Here in my market you can find something maybe 200-300k on the lower end and that’s if the price isn’t driven up by other investors, and that 20-30% increases drastically. I know that there are deals out there I’m not complaining just curious how LA investors are findings their deals. Do you first save up 50-100k first or is there another route that you are using to get funding for these deals. Any advice is greatly appreciated.

I'll be there @Account Closed

Ryan Detig congrats. Keep it up

See what rentals are going for in his area. Make sure they have similar square footage, same number of bedrooms and bathrooms. That'll be the best way to determine the value

Kevin Lefeuvre I believe that these are some of the factors that will reflect the pre and post crash pricing. You're right nothing has changed since then.

Dave Ramirez I really appreciate it. I've been tweaking my lists and narrowing down neighborhoods. I'm excited to send out this first list. Ready to learn

Kevin Lefeuvre I don't think the SFV is a prime location compared to the other areas mentioned. It's nice, yes. It just doesn't have that "LA" feel that everyone expect. LA traffic is LA traffic(terrible) no matter what direction you are coming from to go to the meat of La(DTLA,Hollywood, WEHO, BH, Culver City,etc.). Los Angeles is unique and I think that you just can't replicate that in SFV therefore the property values will never reach that of other areas. Even lower end neighborhoods in LA are ridiculously priced now. Places with high crime rates are spiking up. It's crazy.

Frank Yang thank you.