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All Forum Posts by: Andrew Z.

Andrew Z. has started 6 posts and replied 7 times.

Post: Off Market Deals and how to proceed

Andrew Z.Posted
  • CA
  • Posts 8
  • Votes 4

Hello, new investor here who’s trying to get started. Can someone breakdown the process of what to do after you find an off market deal. From paperwork, to what contingencies (if any), and how to proceed in general once you have found a seller and an agreed upon price. Thanks in advance! 

Post: Help with off market deals

Andrew Z.Posted
  • CA
  • Posts 8
  • Votes 4

Can someone explain soup to nuts the steps needed to do an off market deal once you find the deal. What are the steps needed in California to close that off market deal if you are going to purchase it (the brrrr or flip) vs if you don’t have the funds but want to pass it off to someone else (investor or home buyer) in a wholesale type transaction. Thanks

Post: Help with Off Market Deal

Andrew Z.Posted
  • CA
  • Posts 8
  • Votes 4

Can someone explain soup to nuts the steps needed to do an off market deal once you find the deal. What are the steps needed in California to close that off market deal if you are going to purchase it (the brrrr or flip) vs if you don’t have the funds but want to pass it off to someone else (investor or home buyer) in a wholesale type transaction. Thanks. 

What areas are people having the most success with the BRRR method? Can anyone share some recent real numbers on their purchase, rehab, rent, and refi numbers?

Lets say you remodel a kitchen (Counters, lights, paint or replace cabinets), remodel a bathroom, new water heater, and paint a structure. Per the building code all of that needs to be permitted with the associated fee. If you do all that and an appraiser comes in to give your property a new appraised value for a cash out refi will they need permits for the new appraised value? Also @Joe Bertolino, if you just replace older windows with newer vinyl windows would you have to pull permits or adhere to title 24? Thanks for your responses. 

Post: Buying real estate out of state

Andrew Z.Posted
  • CA
  • Posts 8
  • Votes 4

Hello All, I am looking to purchase a turn key property with a management company. I am looking at Ohio, Tenn, Texas, or the Kansas City area. Does anyone have a turn key/management company they recommend and some pros/cons of these different states. I am in California and out of state investing makes more financial sense, as well as California not being landlord friendly. Thanks

Post: Starting from the beginning

Andrew Z.Posted
  • CA
  • Posts 8
  • Votes 4

Hello All, I am new to real estate investment and looking for a good place to jump off from. I am interested in buying and holding as a rental and generating passive cash flow. I live in California and I am looking at investing out of state. I would like to BRRRR ideally but that may not be the best place to start being new and the property being out of state. I would like to start with a 2-4 door property. What would be a realistic amount of cash needed to start and what areas would be best to look at to start? Thanks