All Forum Posts by: Nick Zocher

Hi all,

I am looking for recommendations for a savvy San Francisco Bay Area mortgage broker. I need someone well-versed in 203k loans. 

In 2018 I look to utilize 203k's to purchase duplex, triplex or fourplex fixers and house hack, particularly in the Oakland market. 

Please give me all your recommendations for brokers in the area that have given you above and beyond service!

Hi all,

An investor I represent is starting a project in Orinda, CA and his crew is currently tied up. We are reaching out currently to get an experienced GC to drive this project. If you are interested, please PM me or email at [email protected] 

Thanks!

Hi All,

A client of mine has a great project under contract in Orinda. The client is looking for a GC to drive the project. If you or any contractor you know do work in the area, and are interested in giving a bid, please reach out via PM. We are looking to get bids on the property this weekend.

Thanks!

Nick

@Wayne Brooks Thank you Wayne. Looking like I will need to use the state form on this one to satisfy the attorney.

I have received contract from end buyer for 1.1M and an agreed sales price of 1M from seller so this will be a big one.

@Ralph C. Ralph the clause you mentioned was extremely valuable. Thank you. There is an end buyer lined up who is putting down substantial EMD. Structuring the contract so that emd will come in after signing will help me enormously. Thank you!

Correct me if I'm mistaken, but it seems most wholesale deals are put under contract initially with no "skin in the game" from the wholesaler. 

Hi All,

I am having an issue with my Seller's attorney making said Sellers wary of our deal. The attorney did not like that fact that my purchase agreement was not on the standard state form, and also that my earnest money was so low. 

So, my question is really two questions:

A) Has anyone else had issues getting deals done on proprietary purchase agreements which are not the official state form (C.A.R form in my case, being in California). How have you navigated this issue?

B) Has anyone else had issues with getting the sellers to feel comfortable signing when you are essentially not putting earnest money down? (I list $1, just to open escrow with a title company.)

Unfortunately for me, putting down a substantial % is not an option as I am dealing with $1M+ homes. I know that the end buyer will be using a standard state purchase agreement and will list a substantial deposit, but how do I get my sellers to feel comfortable to sign my contract with no emd before that step?

Any and all advise gladly accepted!

Thanks

Nick

Hi BP,

I am looking to join a multi-family investing team in the San Francisco Bay Area, preferably as an analyst. Through professional courses I have mastered the principals of multi-family Real Estate accounting, valuation and financial modeling. I have Built financial models in case studies for various types of commercial properties including: Multi-Family Acquisition, Office Development and Sale, Hotel Acquisition and Remodel.

If you or anyone in your sphere is looking to add an analyst role to your team, please feel free to reach out!

Thanks,

Nick Zocher

@Ujwal Velagapudi @Lauren Lockett 

Thanks guys! Much appreciated, I will look into it for my farm's counties. 

Ujwal, nice to hear from a fellow Michigan man! I'm originally from Grand Rapids.