All Forum Posts by: Joel Duguay

@Ben Ashburn

While you are getting a heloc, I dont see why you can't make an offer on the property contingent on obtaining financing. This way you don't "lose" the home you want while waiting for the heloc to become available. Speak with you RE agent.

Good luck!!

@Michael Devlin, thank you for the advice! I will look into CURB, it seems great as far as commission goes, how do you feel it works for brand spanking new agents like myself? Do you feel the training and/or guidance on contracts, listings, etc. is comparative to a "brick and mortar" brokerage?  Thanks very much, I would love to chat with you as well!

Hello forum,

I recently sold a private practice hearing care company in northern california and also recently passed my real estate salesperson exam here in CA as I have always been very interested in RE investing for long term cash flowing properties, which I currently have 2 in Tennessee and one in central CA. 

MY QUESTION to the forum is, my goal is to start another hearing practice outside my county (since I now have a non-compete with the practice I sold) but want to utilize my new real estate license in order to have better access to find investment properties. I don't necessarily want to be a full time agent, though may take a listing here and there from friends/family if the opportunity arises.  Does anyone know of a brokerage that might fit with my goals? The few I have spoke with are more interested in more full time agents.

Thanks very much in advance!

@Jim Bridges be sure to consider cost to close a refi as Heloc will cost nothing up front. However if you can significantly reduce your current APR through the refinance and plan to be there long term that may be the way to go.

@Tony Gaultney price points can be enticing but vacancy rates/tenant turnover can be rough on investment properties, so its good to work with a great property manager on the demand and quality of tenants and job outlook to be sure vacancy and bad tenants don't swallow your cash flow...also be sure to investigate the properties to determine major capital expenditures needed in the first few years.

Yes me too, sorry for not responding sooner...Any thoughts on another meeting in Napa or Sonoma?

I'm down for a meet up if anyone else is interested.

@Charles Parrish, I have had the lot surveyed awaiting the plats, I am considering extending the utilities to the parcel as they are not there currently to make the lot more attractive to potential buyers.   Is there a site or service you prefer when it comes to the reserve public auction?

Also, I have not done any owner financing before, could you give me a brief overview on its benefit or the reason you recommend that in this application?  Thank you for opening my eyes to possibilities I had not considered previously.

Thank you for the advice @Jody Schnurrenberger, I appreciate the tips on getting some exposure. 

Hi members,

I have 2 vacant lots in central California and would like to sell one and develop the other. I am considering listing one of the lots FSBO...Does anyone have experience selling land FSBO? Any advice on best ways to advertise the property?

Thanks so much in advance!