All Forum Posts by: Kyle Fairbanks

Hi all,

Currently looking for a property to purchase in the Pacific Beach area - Budget about $1M -$1.7M - willing to put work into the property as well. Ideally want it to be a short term rental while also being able to go to it when we want to visit San Diego. Anyone who understands this market as well as STR. Looking to get moving on this and will be out there to view properties towards end of November.

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San Diego, California

Hi all,
Looking at some areas in South Florida for a SFH. Wanted to know your thoughts on the area and then also any connections to certified Real Estate agents in the area as it will most likely be a STR after a year of living in it. Feel free to give any feedback as I am super open. Have a STR in Plano Texas and it is doing good. Please share some insight my Florida brothers and sisters!

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Fort Lauderdale, Florida

Hello all,
I was wondering if any had some insight on running a Real Estate Business or even starting out a Real Estate Brokerage. I have a pretty big group and community and I want to brand my own business with a team in the future here soon and was trying to figure out the best way to go about it. Whether it was a team of Wholesalers, Fix and Flippers and just scaling like that or if a team of agents and brokerage under my brand would be better. If anyone has any experience would love to connect.

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Hi all,
Looking to get a property in Texas for investment purposes and know the demand for college students. Will be living in the home for 6-8 months then plan on making it full rental property. Any ideas on good cities in Texas? Was looking into Dallas, Houston and Austin.

2 Votes

Have been looking at multiple properties in SDSU area that are minor fixers. They all have un permitted add ons and Im not sure the best way to go about it if I am interested as I dont want a huge expense coming my way if the city does not approve. Any ideas to be safe and manage risk on this?

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@Kenneth DonaghyThis might be a move... 15% on 600,000 ish property. I can pay more then the monthly mortgage payment each month to get equity quicker right?

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Originally posted by @Gregg Watkins:

Hi Kyle, if you are going the pre-foreclosure route: when the owner misses a payment, the bank sends the borrower a letter/email, and makes some payment reminder phone calls. After several missed payments, the bank will typically file an NOD (Notice of Default). You can obtain lists of NODs from county tax records, title reps, etc. Then you'll have to contact the owners via postcards, letters, etc., to try to negotiate a purchase.

How can I go about finding the tax records, title reps etc. to find the houses with NODs? Thank you for your response!

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Originally posted by @Mark Frattini:

Hi @Kyle Fairbanks

In order to find something in that area ~450k it's going to either be condo or maybe a detached home that needs a lot of work and probably won't qualify for financing. You could find a hard money lender, pay cash and BRRRR or flip it.Are you working with an agent or giving this a shot on your own?

Little bit of both. Going knocking on preforeclosures doors tomorrow as well as the neighbors. We have a loan almost approved so most likely staying away from hard lenders. Thank you for your insight!

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Originally posted by @Justin Hammond:

@Kyle Fairbanks If you are trying to get into the preforeclosure game, you need to get a list of all the sale dates in your county (or counties you want to invest in). You should get a new list every day or week. Take that list and go knock on doors, skip trace the names to find phone numbers and cold call/text. If you can't get a hold of them knock on the neighbor's door. Rinse and repeat until you disposition every lead. That's how I got started. Keep in mind there will be tons of other people doing the exact same thing, so you'll have to out-work and out-think them. Best of luck to you!

Good looks! Doing this tomorrow and I love the response! Time to be creative.

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Originally posted by @Kenneth Donaghy:

@Kyle Fairbanks have you been preapproved? Have you considered a 5% downpayment? I just help a client purchase a live-in flip househack near SDSU a 3bd/2ba 1300ish sqft with a 8000ish sqft flat lot for plan of a future ADU, in a great location, with a 5% down conventional loan with a purchase price of $645K. I mention this to help set expectations, and encourage you to look into your lending options.

We are one step away so pretty much pre-approved. Lender said we are good to go on offers. The only thing wrong with my thought process on putting down 5% is the PMI. Will probably be living there for acouple years and trying to house hack this house! Thank you for your insight anymore in welcome.

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All Forum Posts by: Kyle Fairbanks

Kyle Fairbanks has started 11 posts and replied 29 times.

Post: Pacific Beach (Turn Key or Little Work Property for STR/Vacation Home) Search

Post: Purchasing a South Florida Property

Post: Real Estate Business?

Post: Texas Investment Property (College town?)

Post: Minor fixer uppers with add ons- How to go about it?

Post: How do I make offers on Pre-Foreclosures?

Post: How do I make offers on Pre-Foreclosures?

Post: How do I make offers on Pre-Foreclosures?

Post: How do I make offers on Pre-Foreclosures?

Post: How do I make offers on Pre-Foreclosures?