All Forum Posts by: Javier Osuna

I am poised to find and close my first few deals. I have done plenty of research and due dilligence on the subject of real estate  as a business, as well as on my specific niche (wholesaling) and I am quite familiar with the process. However, I have no 'on-the-field' experience yet and would very much like to avoid getting burned, lose credibility or wind up upside down as a result of inexperience on doing live property evaluations. I am looking for a more seasoned investor, local to the San Diego area. Someone with a few successful deals under his or her belt, who would be willing to assist with evaluating my first couple of properties and offer any advice that could help me be more successful. In exchange, would be willing to yield a percentage of my profits as compensation for your mentorship, time, effort and experience. Please contact me via e-mail at [email protected] and we could arrange to talk on the phone or meet in person.  Successful investing!

Wow! So much valuable insight! Thank you Chris an Alex for your contribution! I will no doubt be able to move forward with more confidence when the time is right. I'll need all the knowledge and advice I can get my hands on! Thanks for the support. We all had to start somewhere... God bless.

That is great advice Joshua. Now that you've mentioned it, the title is quite generic. I'll be more specific next time. Gotcha on the book and the pod cast! Will do. thx.

Hello, fellow investors!

Is anyone familiar with the "discounted cashflow" method for evaluating commercial properties, and if so, would you share the formula for doing so (if its not too complicated a formula of course...) Or if possible recommend a good resource where I might be able to get formula? I'd greatly appreciate it. Looking to get into multi-femily investing and I'll want to apply this formula I examine some deals. I do know that this is a more in-depth for of analysis (I've heard some people refer to this as tear-II analysis.) I understand there are supposed to be three tears of evaluation for sifting down and separating the good commercial property deals from the rest of the scrap.  thank you all! Long live BP! 

Waiting axiously for yhe Android app!

Awesome response Bill. Thank you for your valuable insight.

Hello fellow investors,

I'd like to pick the brain of a more seasoned investor(s) with a few deals under his or her belt than I... 

Can someone tell me whether the same one page assignment contract that would work to wholesale a residential property (1 to 4 units), work to assign equitable rights on a commercial multi-family property (say, an apartment building or complex)? Even though the property types are different, the principle is the same, is it not? Would the wording need to change depending on the type of property we're dealing with? Would different clauses be needed?

I'd really appreciate some guidance and thank you in advance.

Sincerely,

Javier (Beginner investor from San Diego, CA)

Hello fellow B.P. members! Would anyone happen to have (or point me in the right direction) on where I could obtain a sample assignment contract that would work in the State of California? I am currently attending a real estate academy but the cost they are charging to attend their "core courses" is pretty steep (its actually in the thousands), so at this point I'm entertaining other alternatives on ways to accomplish the same task with less money (the task being: finding and closing my first wholesale deal). I have done a lot of self-education and have most of the steps I need to do in place, however different states have different laws and I just want to be sure I am using the right paperwork. Any help would be much appreciated guys... Thank you and much success.

Awesome Hattie!

I appreciate the thorough response. I was under the impression that the process would be quite different in the case of condo's and town homes, but now I know that the only difference is that they are not detached; they are still separate properties.  Thank you so much! 

Hello fellow investors,

Can someone shed some light on this topic? When posting things like ads and bandit signs to get prospect properties to wholesale, there is a possibility that some of the callers responding to my marketing will be condo and townhome owners looking to get out from under these properties. I have become familiarized with wholeselling process it applies to single detached family homes. However I need to know how to deal with condominum and townhomes, where the properties are NOT detached and where other considerations such and condominium  laws, and HOAs come into play. Any changes in procedure, paperwork, restrictions I should be aware of? - Perhaps someone can recommend a book or other informational resource on the subject? Thanks so much for the help!