All Forum Posts by: Luigi Ontiveros

Just curious to know which markets are you California guys currently flipping houses and having success with it.

Have you noticed any changes in your local market lately? positive or negative?

Any fellow wholesalers in the San Francisco area?

Looking for some feedback on the market conditions.

I did a search for single family transactions including SFR, duplex, triplex and quadruplex purchased within the last three months as an investment and only got 108 transactions.

I am wondering what am I missing here? What kind of property are most wholesalers dealing with when buying in the San Francisco market?

Thank you in advance for any feedback.

Lui

Hey Luis,

Welcome to the family !!

I'm a local investor here in the San Diego area.

I think you should really start by networking and getting to know like minded individuals in your own market, that helps by keeping you focused and also helps you start building relationships with other investors and letting people know who you are and what you do. Relationships are so important in this business, heck, in any business or endeavor they are also the fun part. How fun would it be to make a bunch of money all by yourself? although it would be great it probably wouldn't be as fun as collaborating with others and making it happen, which is what it's ultimately all about.

I would encourage you to start by attending the local REIAs in San Diego. We currently have at least 3 per month here in San Diego and I would really recommend at the very least for you to attend the SDCIA every second Tuesday of the month in Mission Valley.

There will be an event this Friday in Downtown San Diego called the " Control without Ownership Summit" look it up.... It would be a great opportunity to meet some new people. Check it out and I'll see you there.

Luis

I'd like to see if anybody on the forum invests in Riverside County California.

I would like to know what are the areas investors are buying in to do most of the rehab flips or holds.

Any input as far as neighborhoods or zip codes would be much appreciated.

Going into this market and would love to know of anybody else currently doing deals in Riverside CA

I'm planning on going to the courthouse to extract some probate leads myself.

What should I look for and write down when I'm looking at the file in order to send them a letter?

If your interested, I can provide you with the contract I use when dealing with the homeowner ( seller) directly.

Just PM me, and I'll shoot it over.

Hope this helps.

Luis

Congratulations on your deal. I know it's gonna turn out phenomenal. !!!

Well said....

It all depends on what type of real estate investing your interested in getting into.

If your interested in wholesaling properties and getting your feet wet, I personally would recommend you invest into some direct mail or other form of marketing for motivated seller leads and marketing for cash buyers as well.

Devour the information on the subject of wholesaling on this site, send out some postcards or yellow letters, set up your phone systems and websites and you can turn the 1k- 3k you spent into starting your wholesaling business into 10-15k from assigning your first property.

It's not easy work and it is time consuming. I can say there is also a learning curve as to researching properties , determining value, talking to sellers and learning to ask the right questions at first.

However, if you really want to get going in real estate and have those 20 g's available. I personally can't think of any other way.

Oh yes.....you better believe it!!

It's not a get rich quick strategy as some gurus portray. But if you are persistent and determined to put in the time, effort, marketing and treat it as a business, you can most definitely make it happen.

Best wishes,

Lui