All Forum Posts by: Evan Salvador
Evan Salvador has started 5 posts and replied 33 times.
Post: My First Deal (With Numbers)

- Investor
- Roseville, CA
- Posts 35
- Votes 20
Hey Devin,
Who did you work with for financing? I have excellent credit but I'm hearing around 5% - 5.5% for non owner occupied mortgages. Would appreciate a referral if possible!
Post: property report cards

- Investor
- Roseville, CA
- Posts 35
- Votes 20
No idea how to really read the property card. As for the property taxes... I don't know if there's an easier way, but I just get the parcel number, then go to the Indianapolis Treasurer site. Then go to the Property Tax Homepage (It's on the left hand side), Then "View or Pay Bill", then click Real Estate Taxes, then type in the parcel number. I tried using addresses but it wouldn't find the invoice. The Invoice's 2nd page shows the taxes and cap.
Post: renatus

- Investor
- Roseville, CA
- Posts 35
- Votes 20
Post: Renatus

- Investor
- Roseville, CA
- Posts 35
- Votes 20
Post: So what would the pros do in situation.

- Investor
- Roseville, CA
- Posts 35
- Votes 20
@Conrad Metzenberg Consult a tax professional in the state you're investing, but using a HELoC through your LLC shouldn't be a problem. The LLC just keeps your personal assets protected from any liability that may arise from anything owned by your LLC. That's pretty much it. You can shove whatever cash into your LLC you want. I've done that with other businesses(non-RE) and never had a problem but it was all in CA and had my cpa approve any actions.
The only thing that I know of that gets tricky is when you deal with retirement accounts from family members. There's certain rules you need to follow or you get penalized like crazy. I don't remember all the rules off the top of my head but worth looking over since many people are looking for alternatives to the stock market at this point.
Post: Small business checking account

- Investor
- Roseville, CA
- Posts 35
- Votes 20
I found it easier to build relationships with smaller regional or local banks rather than the big name banks. For example, my company was approved for 250k BLoC through a regional bank where Wells Fargo only approved us for 5k. Literally $5000. I was able to talk to the regional bank about the company's financials in detail whereas Wells Fargo, you get road-blocked by sub par customer service reps who won't let you get to the underwriter. On the other hand, big name banks are everywhere and much more convenient if you need to make transactions in a branch while travelling.
Just my 2 cents
Post: Indianapolis Investors

- Investor
- Roseville, CA
- Posts 35
- Votes 20
@Nick Walts I'm looking to invest in the area. I'd like to see if you have any deals my group might be interested in. Feel free to PM me. Thanks.
Post: Long Time Lurker, New RE Investor From Roseville, CA

- Investor
- Roseville, CA
- Posts 35
- Votes 20
@Kenneth Reimer - Sounds like a plan!
Post: Research question - Sacramento, CA

- Investor
- Roseville, CA
- Posts 35
- Votes 20
@Chris Isaacson Thanks for the feedback! I would love a list. How would one prospect off market? I'll go door to door if I have to! I can at least practice some deal analysis on that list.
@Derek Daun I've been looking at realtor.com and zillow. I will check out the others you mentioned. I see SFR consistently going up in the area. I was shopping for my own house about a year ago. My area in west roseville already is starting to go up in value. As I meet more and more people in this area, I'm finding good amount of people were from the bay area, like me, realized housing prices were just unreasonable and moved up here. I should walk around downtown roseville. I could use more exercise anyway :)
@Kenneth Reimer Good points to consider. I'll get his next book after i'm done re-reading and taking notes on his ABCs book. Dynamic is the way to go for any business. It's like driving. You don't drive looking down under you. You have to look forward or you'll crash. Good luck with your investing in the next year or two.
Post: Research question - Sacramento, CA

- Investor
- Roseville, CA
- Posts 35
- Votes 20