All Forum Posts by: Calixto Urdiales
Calixto Urdiales has started 35 posts and replied 1184 times.
Post: Letters or Postcards?

- Residential Real Estate Agent
- Los Angeles, CA
- Posts 1,462
- Votes 9
Originally posted by "jimmysyf":
which one is better and have more response, letters or postcards? or there is no difference.
My other question is, does anyone know a good and cheap/reasonable site for mailing? or do you use the USPS?
Thanks
Well it all depends on what you have in mind for instance if you wanted to buy a pre-foreclosure than I would say the post card. People are more likely to read a post card when they are in default and possibly being foreclosed on than a letter. Other than that I wouldn't know which way would be the best to get a hold of some one.[/b]
Post: Section 8's

- Residential Real Estate Agent
- Los Angeles, CA
- Posts 1,462
- Votes 9
Section 8 is jst like anything else in this business of ours and that is the fact that everything has its pros and cons. But with section 8 if you do all your homework and know all the ins and outs it just might have a better paying off ratio for you.
Post: Rules of Thumb for Vacation Rental Properties

- Residential Real Estate Agent
- Los Angeles, CA
- Posts 1,462
- Votes 9
Thanks John for bringing this up for I too would like to know if anyone has had and good or bad experiences.
Post: Really off topic! Talk about Workouts....

- Residential Real Estate Agent
- Los Angeles, CA
- Posts 1,462
- Votes 9
Originally posted by "TonyS":
Thanks Dwayne for your input and everyone else as well!
Post: Rules for this Thread

- Residential Real Estate Agent
- Los Angeles, CA
- Posts 1,462
- Votes 9
Josh I was just wondering if I could promote my friends web domain and product here or does it have to be something pertaining to myself?
Also is there a limit to the amount of times I can promote the same domain and/or product? (I wouldn't start 5 threads on the same day I just wanted to know if I could bring it up every week or however long you think would be appropriate)
Thanks Josh.
Post: Please Give Your Comments

- Residential Real Estate Agent
- Los Angeles, CA
- Posts 1,462
- Votes 9
I allways factor in the worst case situation so that if things do turn out bad you are still in the green. And if things turn out for the best then you are the hero and make more money.
Post: Really off topic! Talk about Workouts....

- Residential Real Estate Agent
- Los Angeles, CA
- Posts 1,462
- Votes 9
Thanks again Tony you allways come through.
Post: Please tell me if this is wise or dumb

- Residential Real Estate Agent
- Los Angeles, CA
- Posts 1,462
- Votes 9
Originally posted by "MikeOH":
Mike this does not humor me (LOL), the bad thing is that I have seen this done many times before. This usually happens in bad neighborhoods for example I was done in Watts, (Los Angeles CO, CA) and this happened to an REO property. Poor bank will most like take a huge hit on the property for no one wants to but in this area not even skilled investors. There was another partly burned down with a listed price of $250,000, we offered 220 (with contingencies) and the bank said they will let it go for 150 cash or hard money.
Post: Pinnacle Development Partners, LLC

- Residential Real Estate Agent
- Los Angeles, CA
- Posts 1,462
- Votes 9
Originally posted by "investor2006":
Not too sure my friend by I will see what I can do to try and find something out. Thanks!
Just found out that there are four federal programs that may be able to help give me some time to research and I will let you know what I find, thank you for your time.
Post: Potential deal on 5-units

- Residential Real Estate Agent
- Los Angeles, CA
- Posts 1,462
- Votes 9
Originally posted by "Wheatie":
Could not have said it better myself Jon, too many people get caught by maketing schemes and end up biting it hard in the end.
Originally posted by "Wheatie":
I would not call it a Scheme for that word sounds too harsh for the investment idea I had in mind. And the way I see Jon is that you have to spend money to make money, for all that interest you pay is for an investment purpose and is 100% tax deductable. This is a very good way to leverage your income at the end of the year when tax season comes along my friend. Yes it amounts to borrowing money (if you want to simplify the meaning), but that is what the banking insitution you pay the principle does to it anyways so why not.
Yes and IRA is not tax free it is tax deferred and you do have to account for taxes on the money itself before you contribute to the account.
Tax-Free Distributions. Qualified distributions from a Roth IRA are Federal income tax free. While your contributions to a Roth IRA are never tax deductible, your distributions are free of federal income tax. If you have owned the Roth IRA for at least five years and meet one of the four qualifying events outlined below:
You are at least 59 1/2 years old.
Your withdrawal of up to $10,000 (lifetime limit) is applied to a first-time home purchase. (You may qualify for the "first-time home purchase" if you have not owned a home for at least two years before the date on the purchase contract or the date when construction started. You, your spouse, or a descendant or ancestor of either may qualify as the buyer.)
The withdrawal is made to a beneficiary or to your estate as a result of your death.
The withdrawal is made because you are permanently disabled.
Withdrawals. The taxable portion of a nonqualified distribution may be subject to a 10% early withdrawal income tax penalty prior to age 59 1/2. If you make withdrawals that do not meet the rules for a qualified distribution, you’ll owe ordinary income taxes on the portion of the withdrawal that represents earnings, and you may also have to pay a 10% income tax penalty if you are under age 59 1/2. Withdrawals prior to the age 59 1/2 that are used to pay for qualified education expenses for you or other family members are not subject to penalty tax, but you will have to pay ordinary income tax on the taxable portion of the distribution, however.
Originally posted by "Wheatie":
I am not a Real Estate guru nor am I caliming to be one I just thought it would be some nice information to know. It is not my job to convince the man that my way is the best nor is it your job to convince him otherwise. If you do not like my idea then tha is fine Jon you have stated your opinions and I have stated mine. And I think we should leave it at that my friend, thank you for your time and have a wonderful day.