All Forum Posts by: Account Closed

You know Jennifer Talcott makes me think. The son is obviously a deadbeat. If you purchase this home it seems that he will not only be upset at you for "kicking him out" but also upset at you for "forcing" his mother to sell his house. Obviously we all know that that's not the case. However, this is how he may see the situation. Which could end up with holes in the walls, sh** smeared on the walls, and god knows what else. So that is something else you should consider. Because once the sale goes through he could freak out and start majorly destroying the place just because of spite. I think these are all things you should take into consideration. You could even relay these concerns to the mother and see if she can assist in any way. 

I mean the cheaper you get it the more options you will have. Because if you get it at a huge discount I'm sure tons of investors will come out of the wood work lol.

I'm new but will still add my input. Have you talked to her about how if you purchase the property you would get her son out? You may have to go through an eviction process in you buy it. It seems like she has plenty of equity in the place. If she really wants to get out of it why not just offer her 89.5k. I mean, you're an investor. I did 70% of 135k and then took off another 5k just because there is always something that needs to be or could be fixed. It's better to offer low and negotiate high. We aren't in the business of buying deals to break even, and it's better to lose a deal that you won't make money on or you will lose money on then try to make a deal work and lose money or break even. That's just my opinion. I haven't done any deals yet, however, I wouldn't get into any deal that I wasn't absolutely sure I would come out ahead on. Also, it depends on what you intend to do. I was coming from a wholesalers perspective. But I'm also very green and at this point I'm just using common sense and 32 years of living experience.

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BP'ers!

So I'm trying to find an "investor friendly" title company. So I started calling title companies and the first one said that it's "frowned upon to make any money at all off of a housing transaction unless you are licensed. You can't even list something for rent if you are making so much as a candy bar from the transaction." lol Those were her words exactly. Is it true you have to be licensed in CA in order to do wholesaling?! Is anyone doing deals in California that isn't a licensed realtor? If someone is do they have any title companies that are investor/wholesale friendly that they could refer me to?

Thanks 

Nick

So, your overall percentage of people interested and motivated was only .16%? I was wondering how did this campaign end up?

This is priceless! I wish more people did this. 

Hey BPers!

I was wondering does anyone think the market in San Diego is a good area to invest in? More specifically the north park, south park, hillcrest, and downtown area. I know the real estate here has boomed recently. So I'm wondering does anyone think there is any meat left on the bone? Another question I have is. Has anyone successfully done out of state deals? I've heard wholesaling can be done out of state, but what about rehabs or anything else like that. I was just wondering because stuff here is incredibly hard to get without 400k+ (at least around where I live).

Thanks Guys!

Nick

Hey Jimmy,

I'm located in San Diego, however, I'm not opposed to having a long distance joint venture/learning situation. I don't think I just want to do wholesale deals in the San Diego area, and there is a lot to learn about each state. So....in conclusion...I figure we reach out to each other and we can cross venture by utilizing each others presence in our respected states. Let me know what you think!

Nick and Michaela

Hey BP peeps!

I was wondering, does anyone have contracts that they have used in the California area for wholesaling? I'm deathly afraid of getting some house under contract then buyers not finding it desirable for one reason or another and having to purchase it. I'm still pretty green so some numbers could be off (although I'll do my best to be as accurate as possible), however, we are human and learn a lot through doing/mistakes. So I'm hoping that my deals are concrete, however, I'm not counting on it. Any advice would be awesome!

Nick and Michaela