Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: George Torres

George Torres has started 23 posts and replied 60 times.

Post: Looking for a Real Estate agent for first investment property

George TorresPosted
  • Scottsdale, AZ
  • Posts 62
  • Votes 8

Looking to buy a duplex in the lancaster/palmdale/antelope valley area with a maximum price tag of 140k after repairs. For more info please inbox me. Looking to purchase immediately if I find the right priced property. Thanks

@Michaela G. @Russell Brazil @Ryan Dossey Please see the above details. Thank you. They're mortgage payment is almost 2k plus all other expenses that come from owning and commuting to a weekend home.

Originally posted by @Michaela G.:

I think in order to give you answers, it would help, if you gave more details, like

- where is the property? 

- What is it worth? 

- What are other similar properties around there selling for?

- How much do they owe?

- If it's a weekend home, have they considered Airbnb or other vacation rental opportunities?

 Thanks @Michael S.:

-Poconos

-110k (Other comps are selling for about this much)

-About 150-160k would be my guess

-I told them about Airbnb. They're old school; they don't "trust the internet" (Yeah... I know)

Hey guys, this isn't for me, but for the two people I love most in this world: My mom and dad...

They bought a weekend home they can't afford. They got the financing from the builder of the property and now they fell on hard times and can't afford the 2000/mo payment...

Should they short sale? Walk away? What course of action would cause them the least amount of harm in the short/long term? Thanks so much you guys!!

@Seth Williams, that's some great info. Thank you, very much. I'll be sure to scour your blog before I go ahead and pull the trigger on my first purchase.

Post: Free Healthy Snacks for your office of 10 or more employees!

George TorresPosted
  • Scottsdale, AZ
  • Posts 62
  • Votes 8

Hey guys, I'm a new BP member and I thought some of you Real Estate Brokers, Mortgage Brokers, Property Managers, etc might enjoy this:

-If you work in an office of 10 or more employees and currently have snacks in the office (even if it's just the monthly CostCo run), I wanna send you a completely FREE box of my company's healthy, delicious snacks--No Charge at all... If you're crazy about snacks like I am but are looking for healthier options, I just would love if you tried ours and gave me your feedback

-There is no catch or fee for this. Yes, I ask that you hope on the phone with me for less than 3 minutes so I can learn more about your company and yes, if your team loves the snacks, I hope you would consider having us deliver awesomeness to your office every month but there's no obligation. 

You can email me at [email protected] if you're interested in getting a free sample box and chatting further. Thanks guys, hope you guys love the free snacks I send!

(Below is a picture of the FREE sample box I'll send ya, from a happy new customer of mine)

@Ryan Pettitt Thanks for that. That's great info and I'll definitely check out the resource.

Can you elaborate on what you meant by "leverage option agreements with the current owners to test the market and find an end buyer"?

Originally posted by @Ryan Pettitt:

@George Torres Hey George! The Land Geek is an excellent resource.  There is a Podcast called The Best Passive Income Model that can give you some more insight, tools and resources. 

Once you receive a list of delinquent taxes, filter to remove parcels with structures and conduct some quick market research on the cost per acre in that area.  Send out offer letters at a fraction of the resale value (typically 25%), and start your due diligence once you receive a returned offer letter.  Mark Podolsky (The Land Geek) offers a Toolkit that can be an excellent resource to get started.  

Craigslist is an excellent (and free) resource to resell the property.  Make sure you post new content frequently.  

For financing you can leverage option agreements with the current owners to test the market and find an end buyer.  

Some quick tips and tricks to help you on your journey! 

That's very kind of you @Steve Haight. I'm not sure exactly what you would like to know about me but maybe this will help:

-I'm a 25 year old salesman for a healthy snacks distribution company...

-Selling, Cold-calling, are two of my biggest professional strengths...

-Financially, I'm doing ok. I make decent money and have about 75-80k in semi-liquid assets most of which is tied up in my 401k, but I wouldn't mind borrowing against it for investment purposes (as I've been advised to do on here by some)...

-For the short term, I see land flipping as the perfect way to get my feet wet and make some extra money while I learn the business..

-My goal is to do 4-8 land flips by August with an average price of about $3-4K (So I can resell for about 5-10k, because this is what I can afford to pay cash for...

-Come August, my goal is to buy my first duplex and house hack it for a year, financing it with an FHA loan...

I have big long term goals but in the next 6 months, that's (^^) what I'm looking to do.