All Forum Posts by: George Torres

Well, a guy can dream, can't he? So here's the deal: I'm open to areas within driving distance to Scottsdale, because that's where my office is. As long as it's within an hour's commute and is a safe, middle class neighborhood. Is that realistic?

Hey everybody, I'm moving to Scottsdale, AZ in November to be a first time homeowner and to start my REI journey. I'm interested in buying small multi-family (fourplex would be idea, but duplexes, triplexes would be ok too if it's the right deal). I'm getting conventional financing and my budget is $350,000.

I would so appreciate any advice, and if someone can point me in the direction of where to best find a deal like this I would be so grateful. Time's a tickin'. THANK YOU!

I changed my location to NYC, but for some reason it still says I'm in LA.... Anyway, please help me out here if you can. I'm ready to buy my first home/investment property. Looking to be a live-in landlord in a multi-family property financed by an FHA loan. My current agent doesn't seem to have any impetus to do the work necessary to find me a decent deal (I'm not looking for something priced WAY below market value, but I'm at least looking for something that's priced 5% below market value)... Everything he's showing me is super expensive compared to comps in the area. Please help, I want to get out of this renting trap ASAP.

My thought is if I can get just two deals a month, through an aggressive direct marketing campaign, each deal avg a $4-6k fee, that that would be enough to warrant me going into it full time. My question is about how realistic it would be to expect to get 2-3 deals a month in the LA county area.

Does that make sense? Or is it a particularly difficult market to make wholesaling work on a full time basis?

Hey guys, would love any insight you all might have on wholesaling in the Los Angeles market and which areas specifically are the best to find motivated sellers? New to the game here and looking to be successful enough in it to be able to quit my job in the next three months. Like most newbies, I need so much guidance it's overwhelming. Please help if you can and let me know what I can do to return the favor :)

@Eric H. awesome stuff, thanks man! Very helpful :)

Hey Guys, I'm ready to hit the ground running and start finding great deals in Los Angeles and pitching them to cash buyers, but I'm also extremely OCD and have the nagging feeling that I'm missing something basic.

For all you experienced wholesalers out there, what are the most important items I should have "checked off" to ensure my business runs smoothly? Thanks a ton for your help!!

 That's so nice of you @Kristofer thanks so much!

 Jesus, how does it work generally if they are on a month to month lease? And it's not rent controlled by the way, that much I know.

 Shannon, the catch is that if my grandfather wont cosign I might have to borrow private money at 12% due in 12 months. So if I put down 30k i still have to borrow 260 @ 12% which comes out to an extra $28600 on top of the 290k I need to buy and rehab it. IF I can flip it in 6 months for 350 is it even worth it? Or should i refinance after the period of seasoning into a conventional mortgage? What do you think?