All Forum Posts by: Account Closed

Hello BP Family! 

I would like some feedback from real estate agents/realtors® and investors.

What platforms are you using to create content for your social media pages?

Photographs/Video

I have a DSLR Canon camera and I transfer those pictures/videos to my MacBook Pro (Mid 2010) and edit in Adobe Photoshop CS6. When I transfer photos from camera to laptop then edit/save and send back to phone to upload to social media profiles, the quality is not as good and it is nothing I imagined the final outcome to be. The videos edited and transferred seem to be fine though. As far as video editing, I use iMovie.

Podcasts

I would like to enter into the podcast realm. I have the technical skills but could use some help finding a program to help me develop what I envision.  

What are some great platforms (free or paid/subscription) that I could use to uniformly create social media content? {Facebook, Instagram, Twitter, TikTok, LinkedIn, Snapchat, Website, YouTube, Audible, Apple Podcasts} 

Any other feedback is greatly appreciated as well. Thanks for your help!

Best regards,

Japeth

Hello @Ricardo G.!

I would love to assist you on coming up with strategies for the highest and best use of your property. I live in Burbank so Arleta is a very close to me. Please don’t hesitate to contact me with any questions.

- Japeth Carter

[DRE# 01976951]

Hello BP Family!

I would like to get some insight from real estate investment focused agents and investors working with agents. 

Real Estate Agents/Realtors®  

What formulas/strategies do you use when evaluating properties to present to investors? 

(70% Rule - 1031 Exchange - ROI)

Investors/Private Money Lenders

What formulas/strategies do you use when evaluating properties to lend on?

What Property Niche is your sweet spot? (Land - Condos/Townhomes - Small/Large Apartment Buildings - Duplexes/Triplexes/Quads - SFR)

What exit strategy gets the deal done? (Buy & Hold - BRRRR - Fix & Flip)

RE Agent/Lender Partnerships
What do you look for in a partnership?
Any pros or cons for your specific situation?
How was your experience investing out of state?

As I begin to build a quality team/partnership, any feedback is greatly appreciated. Thanks in advance! 

- Japeth Carter

[Beverly Hills, Los Angeles, Burbank, Santa Monica, Malibu, Pacific Palisades, Glendale, Sacramento, San Diego, San Francisco, Seattle, Phoenix, Las Vegas, Vancouver, British Colombia, Dallas, Houston, Austin, Miami, Jacksonville, Orlando, Atlanta, NYC, Brooklyn, Manhattan, New Jersey, Charleston, Charlotte, Chattanooga, International]

Hello BP Family! 

I am a first time home buyer positioning myself to buy a SFR, Condo or Duplex. My ideal strategy would be house-hacking/brrrr in the Los Angeles, California area but my current income alone doesn't support the real estate costs in the area. My goal was to take my commissions as a real estate agent and to invest in my first fix-n-flip or to buy my first property to reside in (house hacking) but the time has come to develop a new strategy.

Although I found a cheaper alternative to purchase in Long Beach, CA (250 sq ft Studio; walking distance to downtown Long Beach; 3 blocks from Pacific Ocean: $150k list price; $80 HOA; Tenant in place renting $1,200 a month), I did not qualify for conventional financing. (Ideal Strategy: Buy 2 condo units at $150k each [$300k] and live in one unit and have the $1,200 a month to cover both condo units)

I have reached out to mortgage brokers and none have created a solution as to what was needed from me to eventually be able to secure financing. I’ve been researching hard money lenders but a lot require me to have experience as an investor. I have even reached out to family/friends (which is few) and presented a seller financing option to transition myself into ownership but that fell through as well. 

I love to explore different real estate markets to compare and it’s usually locations I have ties to. (Cartersville, Atlanta, Jacksonville, Chattanooga, Burbank, Glendale) [Seattle, San Diego, Phoenix, Austin, Houston, Dallas] 

I found an abundant supply of properties in Detroit, Las Vegas, Milwaukee and Little Rock around $50k and less. Most requiring buyers to abide by city/state programs for renovating the property - first time home buyers (owner occupied) and investors allowed with guidelines. Most of those properties are in run-down communities. Is this a viable option to get the ball rolling so I can build credibility as a home buyer/fix n flip investor? 

Any insight/tips (formulas, analyzing deals, securing financing) is greatly appreciated. I‘ve also inquired about internship opportunities from contractors/investors to learn the business so a referral is appreciated as well. 

Last thing..at this point in the game, my #1 priority is seeking experience so financial gain for myself isn’t necessary. How could I structure a deal with a private/hard money lender to take a chance on me to flip my first property with the lender receiving most of the profit from the deal? Or what is usually needed from a new investor to partner with an experienced investor? 

Thanks in advance for your responses!

- Japeth

I would like to receive a few scenarios in regards to positioning myself to Fix & Flip my first property in/near Burbank, California. Beginning mid January, I would be able to use a residential property in Georgia as collateral (in lieu of a downpayment). Would it be possible to use the residential property in Georgia to increase my chances of receiving a hard money loan in California as a new investor?

@Gerardo Perez Hello & Welcome! I’m new to real estate investing and the BiggerPockets family too. Hopefully we can collaborate in the near future. I’m located in Los Angeles as well.

Check out this valuable list of Real Estate terms https://www.biggerpockets.com/rei/glossary

@Bekkah Vidal Thanks for this information! It is definitely a valuable resource as I begin as a new real estate investor and helps to make myself valuable to clients as a real estate agent.