All Forum Posts by: Luis Zuniga

So what are some strategies you all use when looking to buy properties? I know there is the basic strategy where you go to the bank to ask them to loan money, but there are other ways to purchase property too. 

I am interested to know some of the strategies you all use to purchase properties?

@alex Fabiano If you don't have an accountant on your side, your taxes will be a mess when it comes time to file your tax return! Also consider having a contractor on your team since practically all properties will need something to be fixed at some point

@Donovan Peruyero Jr This is just my point of view but consider getting your financials in good shape before taking the leap if you can. Having access to multiple lines of credit (i.e. credit cards, hard money lenders, etc.) and having a strong positive cash flowing financial statement from your work alone will take you a long way when starting out.

Also consider the fact that it's not a hard requirement that you have good financials, I've just heard it makes your life easier if you do.

@Russell Brazil

Wow that sounds like a big problem coming their way. But what exactly would be taking place under this rent control? 

On a side note, if Oregon goes that route then you can expect places like California might start going that route too. 

Thank you @Seth Ferguson for the input

I have also heard there are 2 strategies in wholesaling which were 1) assigning the contract and 2) a double closing. what are those 2 things exactly?

Hi @Seth Ferguson that helps me to clarify a little bit.

So is the MLS closed to people other than realtors/brokers? Nobody else has permission to view the MLS except for those people right?

So when we begin looking at properties and we need to get information on property values where should we check? Are there any major sources we should use to find information such as assessed value of the property, property tax info, taxable value, previous sales prices and other related information? Do we get that from the county website or from somewhere else?

@Evgeni Romberg

So does this mean we tend to search for distressed properties or those under market value in order to try to make a profit off the sale of the contract?

Hello BP community I wanted to ask those who are experienced in wholesaling a question. Do you know what it is and how it works? I am a little confused as to what this actually is.