All Forum Posts by: Phillip Gonzalez

So I found a distressed SFH. How can I find out who the owner is & property characteristics?

Hello everyone & happy holidays! My neighbor just informed me that she will be selling her home & relocating. She does not want to list with an agent due to the home needing repairs. I feel that this is a great opportunity for me to get into wholesaling & learn the business. However I feel that I'll struggle a bit with estimating repairs & the ARV. I just finished Brandon Turner's book on investing in real estate with no & low money down so I'm familiar with how the process works. My biggest concerns are getting my numbers in a good ball park, filling out the contract correctly, using the correct contract & letting my seller understand that there's a finders fee since she'll be seeing it at closing. Thank you for your time!

Thanks you guys/ladies for clarifying & helping me get a better understanding! James Stevens Tim Uittenbroek Justin Escajeda Jeremiah B. Brenda Araujo Ali Boone Brandon Hopkins would you mind grabbing lunch or coffee & help me answer other questions?

I have a couple of questions I need answers to and a better understanding if anyone can help me thanks! Something I keep coming across is how you should build a relationship with a real estate agent to help you out. What I don't know is what I should ask him & what I should look for in a real estate agent as a buy & hold investor. When searching for a property to purchase with a focus on cashflow, do you look to get a deal where rent is the highest in your area keeping in mind of the location as well? One thing I learned was that sfr are bought mainly for appreciation while small multi fam are bought for cashflow how much of this is true? & does that mean I can't cashflow off a sfr? Thanks again!

Michael W. Thanks a lot, I highly appreciate the feedback!

Thanks a lot Jeff Kennedy That honestly really helped out a lot & gives me a better understanding!

Jeff Kennedy what do you mean by strategy? May you give me an example of long-term & short-term expenses?

Hello everyone, I have set myself a goal to purchase a single family home or 4 plex by August 2015. I have a good amount of money saved up & was wondering if it's a bad idea to use your own money? Also when purchasing a buy & hold what should I look for other than cashflow & purchasing it under market value? Any helpful info would be great as well. Thanks!

Hello everyone,

I'm inspired on becoming a real estate investor. I'm originally from Fresno but I relocated to Rancho Cordova two months ago. I'll turn 21 in December. I'm in the Air Force Reserve. Buy & Hold is where my interest is at. I have read several books ( Rich Dad Poor Dad; Guide to Investing, The Richest Man in Babylon, Millionaire Real Estate Investor, Buying Foreclosures for Dummies, couple of forums and of course the podcast). However, I realized I created a cycle of reading a book after another & taking no action. I'm the type to learn by experience but fear holds me back due to what I don't know. I'm looking for guidance, tips and any other piece of information that will help me. Willing to do lunch or help you out in any sort of way.

Thank you for your time!