All Forum Posts by: Darin Wells

I own a couple properties free and clear in Southern California and I'm looking for a source to get a loan on them. I'm not real interested in brokers. I would like to get the most money back possible to keep buying more. These properties are rehabbed and rented with a good positive cash flow. Any help finding private investors would be great...also, are there any good websites that I can advertise on?

Get everything in writing...the honeymoon doesn't always last

Good luck...I agree with most of the other posts. Long term appreciation is part of my strategy.

First of all I agree with Tin...I have heard so many bad stories from California investors that bought out of state properties and got there BUTT'S kicked! yes, they are cheap but who is watching them for you? is there appreciation in that area? how is your Property Management company? for a newbie investor I think is a terrible idea...even for the experienced investor.

I like in OC and invest in Los Angeles and Kern County. You can get better deals in your own back yard! If I hear one more out of state guy say you can't buy in California for less then 200K and it doesn't cash flow...I will explode. They don't know what they are talking about!!!

Stay home...everything is better cash flow, long term appreciation, and it's in your own back yard. You can drive by and check it out. Not have to jump on a plane...

Thank you for the tips Finance...one more question...

Do you know any good note servicers in the Los Angeles or Orange County areas?

I'm a full time rehabber flipper and became very interested selling notes. I have a few properties that I own free and clear that I would like to get some cash out. But most of all I would like to sell some of my rehabbed properties to homebuyers that may not qualify through traditional banks. I just need direction:

How to structure the note to best sell it to a private investor?
How do I find a investor?
Should I do a 1st and a 2nd?
What factors do investors most look for to get top dollar?

Any help to get started would be appreciated...I only deal in Southern California.

Thanks,
Darin W.