All Forum Posts by: Calixto Urdiales

Hello there fellas-

Nice to hear from you again Josh and Richard, I know it has been a while but thanks for the support.

As far as the selience goes I have been really busy getting my license and looking up some more programs to help homeowners buyer affordable housing.

well I will keep everyone posted on how things are going and checking in more often.

Thanks again everyone.

Hello there BiggerPokets members, It sure has been a long time since I have been on but I would like to say it nice to talk to everyone again (for those who know me or know of me) or nice to meet you (for those who don't know me).

Well you can check out my profile (I did some updating) and request to be my colleague or stop by and leave me a comment. And for those who live in the Los Angeles CA area I have just received my license and I am available to assist you with your needs, thank you for your time and have a wonderful day.

Thank you Mike.

Thank you G.D. Haizlip!

Are they treated as tenants if they are not paying rent or utilities? And are they protected by tenant Laws of the state of California?

hello there everybody long time no see LOL.

Okay this is exactly what's going on, I have a relly good friend of mine (in California) who got himself in a sticky situation. He was trying to help a friend of his by letting her live there until she got back on her feet. Well she got prenant and moved her boyfriend in and my friend informed her that he could not support all three of them. The verbal agreement was for them to help around the house, (Gardening, painting, etc.) pay rent ($500.00 normally $2000.00 for that home in the area) and their own utilities. Well they stop paying rent and never put the utilities in their name and not to mention the fact that the never helped around the house. (I know for a fact cause I am helping him paint the house among other things but lets get back to it)

He wants to evict them but what is the next step to evict if there is no agreement? Does he have to keep paying the utilities for them or can he take it out of his name? Is there any way to collect loss monies if there was no agreement or he is only entitled to evict them?

Thank you for your time and have a wonderful day!

Felix-

This all depends on what lender you decide to get financing from and what you have that will be of use to you. for example you credit score a real big plus if you have a 700 or above. You can also get a better rate with reserves in the bank that have been seasoned for 60 days or longer. (in this case I would have to say $5,000 or more in the bank) Also do you have any other assets that you can use to help leverage a better rate on the loan itself, you see the less likely it is for a lender to lose their money the better rate you will get.

Hello there Bob I mean Jimini (LOL)-

Okay first of all I would never suggest for anyone to pay more on a property than what it is worth, not to mention the fact that it will need work considering the time that it was built. So I say move onto the next property that comes along with a good discount behind it.

Yes that are many advantages of being a first time home buyer for instance if you stop by and check out www.hud.gov/ you will find all kinds of programs avaliable to you. There are also many non-profit orginizations that offer down payment assistance for 1st time home buyers and give anywhere from 3% to 20% of purchase price.

lito-

I have seen many NCND's in the last year or so that could fill a wharehouse and come to think of it none of them could close the deal if their life depended on it. So I would not venture into buiness of this sort (Bulk REO's, NPN, etc.) and let the professionals handle their business cause they know what they are doing.