All Forum Posts by: Daniel S.

I have a wealthy client that would consider selling me a building in the East Bay Area. Currently it’s in a trust that will go to a family member for a life estate. Once that family member passes it will go to charity. Another property will go to a friend (same situation). This person is open to taking this one I want out of the trust and selling to me potentially as an installment sale if it helps her avoid paying taxes. I’m looking for a win-win scenario for both parties. Could the installments go to her until death and then go to a family member after that without a taxable event? (Or at least much lower taxes?) One person gave me a different idea of doing a master lease on the property along with a lease option contract to purchase for a set price upon death. For example, I could offer to pay the same amount she is currently collecting in rent (or more depending on what we negotiate). I can control the property and do improvements knowing I am protected by my lease option contract. I would prefer that any payments I make would go to paying down principal. Thoughts? Thanks in advance!

Could this be used as a cash out refi too?

HI Osazee,

Feel free to reach out to me. I'm a General Contractor in Oakland. 

best,

Danny

Hi Julie,

I could help as well. I'm a Broker and a General Contractor in East Bay  (live in Oakland). I work with investors. 

PM me. I'm a general Contracfor and Real Estate Broker. 

I'm a general contractor in oakland, ca. feel free to message me. 

Yes, I have rental property in Grass Valley and Oakland. 

Hi Peggy,

I'm a HUD certified broker in the bay area and could help. thanks

RE question if anyone is up for it. I know there are a good amount of out of state investors on here. So I am a Broker in California. I found a great deal here in Pennsylvania. I haven't met listing broker, but she gave me the combo to the keys over phone and I've been doing my due diligence and inspections, etc. Should I ask for discounts since I am a broker? Even though only in Cali? i cali, I could use my 3% as a credit to myself. But could I ask the listing broker to take off 1-1.5% of his fee, for example (since he doesn't have to hold my hand, etc? Or does that take away a substantial incentive for her? Only talking around $100k acquisition price. Thanks!

Did they serve the notice correctly? How many day notice? 

File an Unlawful detainer and hope for a default (they don't respond in time). Might only take 2-3 weeks to have them out after UD if that's the case. Longer if they respond and you go to court 3-6 months. It all depends on the case and individual circumstances.

You could get a lawyer that specializes in evictions. Or you could do it yourself. Landlording book for dummies actually has some pretty good information on this. 

You could also get a Paralegal, which I did for one of my evictions to help with preparing all the docs, etc. They are much cheaper than lawyers. 

Hope this helps.