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All Forum Posts by: Karla Talancon

Karla Talancon has started 67 posts and replied 102 times.

Post: Why isn't my 5-plex selling?

Karla Talancon
Pro Member
Posted
  • Real Estate Agent
  • Redwood City, Ca
  • Posts 108
  • Votes 30
Originally posted by @Kevin Grove:

Brad, there are tons of 5-8 unit properties that I would love to buy, but I am forced to ignore them. Like Jim said, this is because 1) I cannot get conventional financing for them, 2) they are too small to get a commercial loan, and 3) I can't afford and wouldn't want to buy them with cash. I agree with Russell. If you could make it technically a 4-unit, you would have a better chance of selling.

Took the words right out of my mouth!! That's typically why. Also, you have to know your target market. Who are you selling to? Possibly a cash buyer that is just starting out investing that wants to dip their toes in the sand. Once you figure out who your target market is focus your marketing efforts on your target market. 

Post: Dallas- Looking for an agent

Karla Talancon
Pro Member
Posted
  • Real Estate Agent
  • Redwood City, Ca
  • Posts 108
  • Votes 30

I have two clients looking for properties in Dallas one is a reg residential client and an investor client. 

Post: Seeking Financing Programs for ITIN

Karla Talancon
Pro Member
Posted
  • Real Estate Agent
  • Redwood City, Ca
  • Posts 108
  • Votes 30

I have a client in HOUSTON, TEXAS looking for a construction loan or a mobile home loan (BUT) he needs a program that lends to ITINs

Post: Houston Property for Sale did NOT flood during Harvey

Karla Talancon
Pro Member
Posted
  • Real Estate Agent
  • Redwood City, Ca
  • Posts 108
  • Votes 30

It was one day off th market and yes I have multiple sources that I get leads from. 

Post: Mission Accomplished: Becoming a Millionaire Before 30!

Karla Talancon
Pro Member
Posted
  • Real Estate Agent
  • Redwood City, Ca
  • Posts 108
  • Votes 30

Congrats!!!!

Post: People are fleeing California, are you?

Karla Talancon
Pro Member
Posted
  • Real Estate Agent
  • Redwood City, Ca
  • Posts 108
  • Votes 30

Wow! Sounds like you are doing amazing things!!! I am so curious about your condo project in Chicago. What part of town was it in ? I took a trip to the mid-west in 2016 to meet with turnkey investors. The turnkey companies I met with I did not feel all that strongly about. I love Chicago but the areas I was looking at were, in my opinion not going to see profit for a VERY long time. Chicago is a very interesting city to study because there are a lot of people leaving. I know that Chicago is driven by neighborhoods and not all neighborhoods are going down hill and not all are on the rise. So I am curious about the numbers(percentages work I don't need exact numbers) and the neighborhood. I seriously love Chicago so I would love to invest in the right areas. 

I have yet to go to Austin believe it or not but everyone keeps telling me that is the California of Texas so I am very excited to go. I have a girlfriend that lives in the Bay Area that is thinking about moving to Texas and her mother is also thinking about investing. I will be going to Austin with her to explore and do some research on the numbers in that area. I live in Houston so that's where I can help the most. She is in between Austin and Houston. So if you'd like I can do some research for you as well in the Houston area. You seem like a number girl so what numbers are you aiming to hit on ROI or Cap Rates. Also what type of investments are you interested in making.

Post: People are fleeing California, are you?

Karla Talancon
Pro Member
Posted
  • Real Estate Agent
  • Redwood City, Ca
  • Posts 108
  • Votes 30

So...I was born and raised In California. I was born at Stanford Hospital, I went to school in Southern California and came back to the Bay Area post grad. I definitely lived in my parents home when I went back. I had a degree in Urban and Regional Planning with a Minor in GIS (Geographic Information Systems). I kept getting recruited by recruiters working for Apple and Google. The problem was I was more focused on the Urban Planning aspect of GIS. I did not have the coding. Although I loved GIS I did not intend on that being my main focus. I had always had a love for real estate from a very young age. I love architecture and the economic factors involved in it. I naturally got my real estate license when an opportunity came to move out of state and help an investor acquire properties out of state. With my background in Urban Planning I was thrilled to do the research to find the perfect place to invest in. This journey took me to Dallas, Texas. I got my real estate license in Texas and have continued to maintain my California license active. My primary place of residence is now Houston, Texas. I still go back and visit but the standard of living in the Bay Area versus Texas is astronomical. I can do so much more here in Texas than I can in California. I can go back and visit but everything has changed there. Those that are able to keep up with the standard of living there should definitely stay there and enjoy California. However, if you are young and struggling there are better places to grow as a young adult and find success and that's just a hard truth. I am not saying give up but weigh your options do your research and put yourself in a place where you will succeed. Some are doing just fine but have no money invested in real estate and now way to enter the California market. Don't give up on the dream of investing in real estate. You can invest in out of state properties in areas such as Texas. If you need help I am starting a networking group out of the Bay Area for anyone looking to invest in real estate in Texas. I strongly believe that if you invest in out of state properties they can help fund your lifestyle in California and maybe you won't have to leave California. I came to Texas and loved it. 

Post: Houston Property for Sale did NOT flood during Harvey

Karla Talancon
Pro Member
Posted
  • Real Estate Agent
  • Redwood City, Ca
  • Posts 108
  • Votes 30

Cul-de-Sac Property. Close to Beltway 8. New Roof. New A/C. X-Large Fenced backyard. Needs Repairs.

Post: Gorgeous Magonila Texas home with Backyard Paradise

Karla Talancon
Pro Member
Posted
  • Real Estate Agent
  • Redwood City, Ca
  • Posts 108
  • Votes 30

Get into the swing of summer with this gorgeous backyard paradise, because who doesn't need a backyard like this? Your wonderful one-story home features high ceilings, granite countertops, an updated kitchen, a fenced backyard, and wood and tile floors throughout. The large windows in the open concept living area exhibit your backyard paradise and allow natural light to flow throughout your home. 4 Bedrooms 3 Full Baths, and a three car garage. Gorgeous backyard paradise with a private salt-water pool and a fenced backyard. Corner lots 1/2 acre lots don't go on sale that often so take advantage of this opportunity today, because this house won't last long. Huge master bath with a tub and separate shower. Cozy fireplace, office built ins, lots of natural light, cute front porch. Security system stays. Come make this your next home!

Post: Seeking Cash Investors Willing to do Owner Financing Deals

Karla Talancon
Pro Member
Posted
  • Real Estate Agent
  • Redwood City, Ca
  • Posts 108
  • Votes 30

Seeking Cash Investors Willing to do Owner Financing Deals in Houston!!! We have an individual wanting to buy in the Spring area that is looking for owner financing. If you are interested or have a property that is available in the Spring Area. They are looking for large properties $480k and under.