All Forum Posts by: Kyle Madero

Thanks @Michael C. We'll see if it pans out. I was headed to an appointment and came across the property. The garage door was broken and hanging which showed that the owners are potentially hoarders. The front door was boarded up but there were cars in the driveway. Title shows that the owner still lives there but we'll see what happens. I guess if I locked it up for a good enough price, that would allow for extra to be spent to double close. I don't know how the reactions of the sellers would be if they saw how much commission I would be making but I guess I'll figure this all out as I go. 

Just to be clear, an assignment allows the seller to see exactly how much I would be making? Double close doesn't allow them to see that commission but costs more? What does the double close method look like from start to finish? 

Thank you Luke. I will run some more numbers and I will plan on looking further into this. I appreciate the advice. I plan on most definitely taking action this year and applying everything I have learned/continue to learn. 

The other day when driving around, I came across a distressed property. It looks as though the owners still live there but the place definitely is falling apart. I have yet to write a letter to send to them, but IF they are interested in selling, what are the basic steps to get the property under contract? I know the benefits of wholesaling can be low risk and even low money down but what exactly is needed on the financial front to lock the property up for a certain price? Earnest money? Down payment? I have a cash buyer in mind who would more than likely jump on this deal if the numbers checked out. Any help would be greatly appreciated. This would be my first deal and I learn best by doing, so I would love to dive in. Thanks in advance!

Thank you for this info Jeff. I should be taking the test in about 2 months.

Thanks for your input Chris. We have been using it now for about 3 weeks or so. So far it has definitely cut down our time chasing people around to schedule. We will definitely need to take a look at syncing with Google Calendar so thanks for mentioning that. 

Attention fellow landlords/property management companies:

Has anyone used the website Show Mojo? If so, what are your thoughts?

Is it worth the money to use this program? We're currently managing about 150 units, and we're looking to grow. We just want to make sure this will be worth the investment. 

Hi Drew. Where in Los Angeles do you live?