All Forum Posts by: Justin Joseph

Hi Andrew,

Did you get any feedback on this subject?

I am looking into VE myself right now and wanted to see if anyone on BP had worked with them before. I got references from them, but how valuable is that really?

Do you mind if I PM you to discuss further?

Hi Vadim,

I am a new investor and live in San Diego myself, and have a friend trying to persuade me to get into the COlumbus market with her (she has done rehabs and has one rental, would like to expand her rental portfolio). What strategies do you use in Columbus? What do you think of the City? How did you pick Columbus, and how has it treated you?

I would love to hear how things are going for you!

Justin

Thanks a bunch guys. I certainly see both of your points. I am still looking in CA, but in my neck of the woods there is simply very little to be had, and even a property that should work requires so much capital to get into that I cannot diversify (buy multiple investments) so if something goes downhill I am out of luck, so it is risky to stay here too.

Mark, thanks for the thoughts. The first three have occurred to me, and I have been reminded again and again about number four by a friend. What I am working on right now is finding metro areas that COULD work and from there I can put the principles you talked about into work I think.

Hi All,

I am a new investor looking to find a good market to purchase Rental Properties. I live in Southern California where it is tough to find areas where you want to buy properties that cashflow.

What I'm hoping to get is some good indicators of good rental markets that have been gleaned from experience. Since I am in CA the closer the better, but the only places I'm not interested in are the complete other side of the country (with maybe the exception of FL?).

Any input is appreciated. I am doing research of my own and have established some loose "criteria", but I wanted input from those that have done it on what makes a good market and how to find it.

Thanks in advance!

Also, another quick questions, points you pay to the transactional funder, is that upfront or upon closing? I understand that many charge a flat fee, but the points that they charge come out of the proceeds from the transaction correct?

Thanks for such a quick response! I pretty much figured that this was a practice that would be difficult to accomplish. I appreciate the insight/confirmation.

Hi Everyone,

I keep reading places that you can do a double closing, using only your buyers (the person you are wholesaling to) funds, making it a no cash required transaction. However it seems to me that to make this happen you would need someone to sign a contract with no proof of funds/pre-approval or have a buyer already in place when you make your offer to show proof of funds.

Is it really plausible in today's market to be able to do a double closing with little or nothing out of pocket? Or is there some trick I am unaware of? Just looking for a clarification, any feedback would help.

Thanks!

Justin