All Forum Posts by: Gi'angelo Bautista

Hi Everyone,

I'm cold calling pre-foreclosures and I'm having a bit of trouble with my approach.  At first, I was approaching them as a real estate investor that buys homes for all cash and etc, but I noticed that I would get a hard no, not interested, or a hang up. After that, I would ask about their pre-foreclosure then they would say they got it handled then that's that. I did find that a few would talk a bit more so it looks like I'm going in the right direction. I really want to perfect this skill.  I was wondering how you all approach your pre-foreclosures when you are cold calling or door knocking?  Any good examples of investors speaking to pre-foreclosures?

@Devin Mann Here's an old article about how much real estate professionals make per year, but it still applies: 

https://therealdeal.com/issues_articles/how-much-they-make/

I'm going to go contact homeowners who have a Notice of Sale, but I noticed that some of them have their Notice of Sale postponed due to "Bankruptcy".  By the way, I use property radar to look for this data.  It doesn't say whether they have Ch 7 or Ch13.  I was wondering if it's still worth it to contact these homeowners or am I wasting my time?  

@Michael Gustavo Yes, there are flipping opportunities in the SF Bay Area. Take a look at Redfin or Zillow in any city and you can find homes that were flipped. 

Hi everyone,

I'm cold calling owners in my area, San Francisco and the Peninsula, and I'm targeting vacant lots or properties with enough square footage to build small multifamily, luxury SFR, or luxury condos on them. Sometimes I come across an older property owner and they tell me that they haven't thought about selling and to just send them an offer.

I do ask a second question to find out what number they are looking for, but they just say I don't know.  

I'm trying to be as efficient as possible and not waste my time doing financial models, zoning analysis, and etc without knowing the landowner's number. Do you guys come across the same thing? Is this normal?

So  "I can spend half of it on women and alcohol.... For the rest... I'll just waste it away.."  

An older gentleman told me this during my door knocks in the neighborhood.

Hey @Noa Bloch the property is located in San Rafael inside a Multifamily district on Lincoln ave.

Fixer in Mill Valley.  Please give me a call/email for more details if you are interested.

Thanks @Chris Youssi ! Good idea! I'll definitely look for a CCIM to ask.

Hello everyone,

I'm evaluating a vacant lot in Marin county to build a 20 - 30 units multifamily property on it. 

I was wondering if anybody knew what the selling cap rates were for a new construction commercial multifamily property in the 20 unit - 30 unit range?