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All Forum Posts by: Luis Gonzalez

Luis Gonzalez has started 9 posts and replied 31 times.

Post: How behind can a home owner be on taxes before foreclosed upon

Luis GonzalezPosted
  • Wholesaler
  • Oklahoma City, OK
  • Posts 31
  • Votes 10

So I'm hoping I am wording this correctly. So when a home owner gets behind on its property taxes, usually how long do they have before the tax authority starts the foreclosure process?

Post: Stuck in the beginning in Oklahoma City, I need guidance

Luis GonzalezPosted
  • Wholesaler
  • Oklahoma City, OK
  • Posts 31
  • Votes 10

@Kima Murry

Thanks Kima, I am signing up right now.

Post: Stuck in the beginning in Oklahoma City, I need guidance

Luis GonzalezPosted
  • Wholesaler
  • Oklahoma City, OK
  • Posts 31
  • Votes 10

@Jenniffer De Jesus Thanks for the info I look forward to attending. I have not had a chance to make it to one yet. 

@Paul Choate Could you yell me when the next meet up will be I would love to go to this meet up.

Post: Stuck in the beginning in Oklahoma City, I need guidance

Luis GonzalezPosted
  • Wholesaler
  • Oklahoma City, OK
  • Posts 31
  • Votes 10

@Kima Murry

Hey Kima, welcome aboard. I just started out a few months ago here in OKC I also paid for a 3 day seminar last month actually lol. Anyways even though I am still a newbie this is what I have learned...

Failing will happen. 95% of all properties you look at will not work out. The trick is to accept this and remember that there is another house just around the block. You don't fail until you decide to quit.

The most important thing to do is find a mentor. This does not mean come up to an investor and ask will you be my mentor. It will not work out. You have to provide value to that person and make it beneficial for them to teach you, other wise it will not happen. This is what I did and I hope it can work for you. Go to craigslist and search for the ads that say we buy houses, any ads that look like it is from an independent investor is the best one. Companies won't necessarily respond. Be honest and let them know you are starting out and are looking to learn about real estate. Offer your services, be it time or what ever talent you can bring to the table. Ask them what you can do to make it easier for them, are there any task you can help them do, any errands you can help run or calls to make. If one accepts and says they need help posting ads on CL or helping them answer calls or to call potential leads, then your on your way. You are giving them time to focus on bigger tasks and at the same time you are getting on site training on how things work. Before you know it you will be analyzing your own deals meeting with sellers and you will start to meet other investors and creating your own list. Become friends with your mentor they will teach you way more in 5 minutes then a 3 day class will ever. 

I hope this helps and please any questions you might have feel free to message me.

Post: Got a Wholessale deal, where can I find cash buyers in my area?

Luis GonzalezPosted
  • Wholesaler
  • Oklahoma City, OK
  • Posts 31
  • Votes 10

@Trevor Shettron

     Trevor, thank you so much for being interested I will definitely save your contact and let you know. .

Post: Got a Wholessale deal, where can I find cash buyers in my area?

Luis GonzalezPosted
  • Wholesaler
  • Oklahoma City, OK
  • Posts 31
  • Votes 10

@Tyler Pertree 

Hi Tyler! Nice to meet you. Thank you I will definitely put you on my list and will love to take you up on your offer on working together I look forward to it. 

Post: Help analyzing a fourplex in Oklahoma city

Luis GonzalezPosted
  • Wholesaler
  • Oklahoma City, OK
  • Posts 31
  • Votes 10

@Evelyn Roper I drove by it yesterday and it looks like it is already occupied by tenants. I was under the impression that it was vacant. So would it change anything if now I am purchasing a property that is already occupied?

Post: Help analyzing a fourplex in Oklahoma city

Luis GonzalezPosted
  • Wholesaler
  • Oklahoma City, OK
  • Posts 31
  • Votes 10

@Paul Timmins Thank you very much for the information I will definitely be checking that out, especially the books on estimating costs. 

Post: Help analyzing a fourplex in Oklahoma city

Luis GonzalezPosted
  • Wholesaler
  • Oklahoma City, OK
  • Posts 31
  • Votes 10

@Rhett Tullis so roughly im looking at 2.1% 

Post: Help analyzing a fourplex in Oklahoma city

Luis GonzalezPosted
  • Wholesaler
  • Oklahoma City, OK
  • Posts 31
  • Votes 10

@Rhett Tullis I am not sure on the one percent I think I need to wait and see what loan terms I can get and what the amount will be, or is it possible to figure that out now? 

As far as the utilities the tenant would pay the electricity and I would cover the water and trash, I don't believe there are other utilities like gas on this property.  How would I be able to figure out how much I would need to set aside to cover this?