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All Forum Posts by: Jonathan Casillas

Jonathan Casillas has started 100 posts and replied 328 times.

Post: Best condo-hotel brokers

Jonathan CasillasPosted
  • Lender
  • Four Oaks, NC
  • Posts 369
  • Votes 41

That depends on state/ location and size of hotel. For something more specific I would place an ad on the Marketplace with some details on the deal. Feel free to contact me with any other questions. 

Post: dummy phone lines

Jonathan CasillasPosted
  • Lender
  • Four Oaks, NC
  • Posts 369
  • Votes 41

i use Google voice for that purpose. Its free. 

Post: Flip-Rental Hybrid

Jonathan CasillasPosted
  • Lender
  • Four Oaks, NC
  • Posts 369
  • Votes 41

Congrats. This is great to read. ( It also gives me some great idea). 

Post: Proposed HUD Regs for RV and Tiny Houses

Jonathan CasillasPosted
  • Lender
  • Four Oaks, NC
  • Posts 369
  • Votes 41

I recommend voicing your opinion on this as I have. I am totally against the regulation. I feel it will effect the elderly and low income people negatively. Most importantly those who  would not have a choice to live in a Tiny House/ RV could and end up living on the street. I don't see how the government should tell me  (or anyone else for that matter) where I can live as long as I am not a danger to others. 

Originally posted by @Oz Pariser:

Read 'The Miracle Morning' by Hal Elrod. It's an absolute lifechanger. I first heard him on the BP podcast and it blew my mind. The miracle morning routine is what I do every day now and it has had a huge impact on my growth as a human being and an investor.

 I second the recommendation to The Miracle Morning' by Hal Elrod. Love that book I try to read it once a year. 

Post: Book suggestions please!

Jonathan CasillasPosted
  • Lender
  • Four Oaks, NC
  • Posts 369
  • Votes 41

 I just finished reading Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors) by Tom Wheelwright (Author)

I found it to be a great starting point for tax info. Hope this helps.

Post: Darius From NC new member

Jonathan CasillasPosted
  • Lender
  • Four Oaks, NC
  • Posts 369
  • Votes 41

I myself am in the process of learning wholesaling. But I figured considering I am in the dept financing consulting business and in NC as well we could possibly connect and network together. Hope this message finds you well. 

Post: What is your version of "due diligence"

Jonathan CasillasPosted
  • Lender
  • Four Oaks, NC
  • Posts 369
  • Votes 41

I am in the same process (learning about DD) and just finished the book The Due Diligence Handbook for Commercial Real Estate by Brian Hennessey. I am still looking to learn more but I must say this was a good start. It might be a good place to start. 

Post: Looking for a good property management company in NC

Jonathan CasillasPosted
  • Lender
  • Four Oaks, NC
  • Posts 369
  • Votes 41
Originally posted by @Ken Rishel:

I might be able to help supply some names and recommendations, but I have a question they would also ask. Why modulars instead of HUD Codes?

Given your statement of "new or close to new" I'm wondering if you understand the difference. Modulars are rarely moved past the initial move because of the cost of cranes, and the cost of tear down and resets. Unless a modular was ordered from the factory with specs that allowed for setting on a floating foundation, they would have to go on a permanent foundation. I don't believe you could find very many used modulars that would be so specified because of how modulars are normally sold and financed.

If you are thinking that modulars are of superior construction to HUD Codes, there are things you do not know. While it is true that many HUD Code homes are inexpensive in construction, they can be (and often are) ordered in a manner that makes them equal in quality to Modulars. Some HUD Code factories build both HUD Codes and Modulars in the same plant. There are Modulars commonly referred to as "Hudulators" because they are Modulars built with many of the same features as HUD Code homes and come with a cheaper price.

I absolutely do not mean to be insulting - I'm just trying to understand where you are coming from on this.

 Thank you for the response. I do have a lot to learn hence the questions. I am looking at modular and double wide trailer type homes. I know nothing of the homes you are talking about but would love to learn more. I am just trying to supply the area with well built affordable housing that people can rent or owner finance and be proud to live there.

Post: Looking for a good property management company in NC

Jonathan CasillasPosted
  • Lender
  • Four Oaks, NC
  • Posts 369
  • Votes 41

I am looking at buying some mobile home parks and turning the park into a modular home community. The plan is to buy under preforming parks and getting nice middle class modular homes (new or close to new) put in and renting them out. I am also looking at having some homes built and rented out. I love the build an planning process but am not a day to day manager. Hence where the management comes in. I would like to know some good firms to choose from. I am looking to build all over NC. If that matters.