All Forum Posts by: Jared Vidales

We're seasoned pre-probate investors in Arizona. We're great at finding deceased owners, and working with the Heirs to name a Personal Rep, and ultimately buying their property. 

We want to apply the same strategy to deals in California. 

However, I'm getting conflicting information regarding the Probate process in CA, where all properties must go through the overbid process, and properties cannot sell for less than 90% of the appraised value. 

Is this correct? The goal would be to work with the errors, name one of them as the RP with full authority, and purchase the property without involving the courts. 

Any advice?

I wanted to bump this thread. Any one close these?

Is anyone here selling assets to home owners on 40 year Ams?

Pros, Cons?

Maybe it's a good thing that I cannot find any real operators, or underwriting models for RV/Boat storage facilities. :)

Who here actually owns and operates these facilities? We were underwriting the feasibility of self storage, however RV/Boat storage seems more lucrative.

My Primary Questions

1. On average, what percentage of revenue are going towards operating expenses?

2. What are all the line items in the expenses line?

3. Average cost to build covered, and climate controlled units.

For those so gracious, I would be willing to pay $/Hr to jump on a zoom call to walk me through the underwriting process of evaluating these sites. Thanks again!!

Yes, see all properties here @Jose Favila-Leon

https://docs.google.com/spreadsheets/d/1YWem0LeQqn...

 Hey BP Fam! I've been with BP for over 4-years, and owe a lot of my success to the community. Because of that, I felt the need to share an unsettling experience with Christian Bachelder and his partner George Luis Burga, to you local folks. 

In my opinion -- Christian isn't a man of his word. He wanted an assignment on one of our assets in Oxnard, we agreed on price and ready to move forward. Last minute, he tried price reducing me by 10k. Typically we don't reduce but we shaved 2,500 off in efforts to get the deal done and we're ready to move forward. He gets the assignment and our original contract, and informs me that he doesn't feel I shouldn't be making that much money, and wanted me to give him a portion of my equity in the deal..."If we're able to push the price of the flip over 535k, we'll give you that equity back".

I'm not bitter -- But re-negotiators like Christian make it very difficult to scale a legitimate acquisition operations, and cause a lot of headaches. 

Investors beware. 

Web leads are our highest converting lead source. 

I will be in Houston Tuesday - Wednesday checking in on our rehabs. I have 5 new homes that I need full renovation bids on. Can anyone recommend RELIABLE GC's and subcontractors that you've actually done business with, that can be recommended? Thanks!

 It is not, but I have more if you want to call me 530-219-6792

 Shoot me a private message on this..