All Forum Posts by: Edward Alvarez

Hey Jeremie, 

Congrats on your closing! Depending on your renters relationship I have my tenants deposit funds direct into a bank account. I then email them a receipt for payment and haven't had an issue with this process.  Good luck!

I'm with Brett, on this. I'm licensed in CA and it has also helped me in my business... Having access to the mls is big and I have also been able to convert deals that didnt work out for me as an investor into a listing and still make money. Transparency is key so make sure you disclose. 

yes it does. Buy above that and you might loose your shirt. If you see people buying at a higher % then either the rehab cost is very low or they are using their own personal funds to purchase and rehab. However if you plan to use hard money you better take into consideration financing cost, holding cost, rehab cost, sales cost etc... Im a local rehab flipper and the last 2 deals I purchased I got at 68-71% of ARV and they are both in L.A. Good luck guys!

Hello Dana, welcome to BP. I'm currently flipping in the L.A. and OC areas. I'm open to chat. Let me know how I may be of help to your business. 

@jay hinrichs interesting comment about wholesalers selling mls properties. I actually have purchased properties wholesalers have brought to me from the mls, and I have also sold properties I tie up from the mls. In all the times Ive done both, Ive made money and I helped the end investor make money. Where you get the deal doesnt matter. What matters are the number. A wholesale deal to me is any deal I can get below After repair value and I have done deals off the mls at 65-75% below ARV. No need to discredit the mls, its just saturated which makes for harder pickings but youvan still make money :)

Hello Chloe,

Welcome to BP. This is where I started about 8 yrs ago and the rest is history. Don't hesitate to ask questions and read through the forums. This is a relationship and team building business so networking is key. Good luck with your endeavors