All Forum Posts by: Julia Shevchenko

@Ryan Dossey, the CA FOIA request form states that I have to be a news rep in order to use the request. Any suggestion on how to bypass that?

@Gaege Root welcome to the investment community. I also attend the SDCIA and I highly recommend the Outback meetup group. Best of luck!

YOu have to find creative financing in your situation. A proper LO should not cost you more than market value. You will have to make a nonrefundable deposit, but it's much less than a down payment, and will count as one if you exercise your option. You are also locking in a discounted purchase price, therefore giving you instant equity at the time of purchase a few years out. The only thing that might be more expensive for you is the rent. Considering no income, you will be a risky tennant to everyone. I'd suggest seller financing or finding your own LO seller. 

Hi,  does it make sense to send out a yellow letter to absentee owners that have the property listed as a short sale? Thanks

Flipping is a quick way to make returns. Perhaps use your starting capital to partially fund a flip and make 20-40% return in 30-60 days. repeat that process until you have more capital to do your own or use in another deal that makes sense for you. 

3.5% VA is still a great rate. It's less risky than hard money and most other loans. So I'd say go for it and leverage it.

@Account Closed. I was also going to mention Robert Campbell's book. He spoke recently at my local REA. His methods of using national trends and even deviations in real estate statistics have not failed him so far and are quite impressive. Check out his site and newsletter, I believed he calls it The Campbell Report. 

This question is part of the Famous Four at the end of every BP podcast. 

HI BP community. I hope someone can help me answer some questions that the owner asked me. 

The prop info: Located in California, she is 4 months behind and received a notice that on Sept 1st she will go into pre-forclosure. She has over $100,000 in equity. Because she is a PhD student, she doesn't want to sell the house and have the income disqualify her for the  student loans and all. Is there a loophole for a situation like this?

Her first exit strategy is to give her mother the quick claim deed and she will make her payments and bring it up to current as long as it doesn't ruin her moms credit. Then they will transfer the deed back to the owner. Is this a sound plan?

Second option is for me, as an investor to buy it from her at a discount or take control of the house and lease option it. I don't think I could lease it back to her, since she won't be able to come up with the chunk of cash to bring it up to current. 

I haven't studied preforclosures, so any advise is greatly appreciated.