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All Forum Posts by: Paul Martinez

Paul Martinez has started 10 posts and replied 26 times.

Post: Inland Empire Real Estate Investment Club - Main Monthly Meeting

Paul MartinezPosted
  • Real Estate Agent
  • WHITTIER, CA
  • Posts 26
  • Votes 4

Hello Stephen, I’m interested to know what type of material your group will be going over at this meet up?

Post: Advise much needed (California)

Paul MartinezPosted
  • Real Estate Agent
  • WHITTIER, CA
  • Posts 26
  • Votes 4

@Grant Rothenburger we have been slowly but surely building a relationship with her, we want to bring up the conversation but don’t want to make it seem like that’s the only reason why we’re talking to her. But I guess we just have to act upon it right? Just to know if it’s a dead end or an opportunity to purse

Post: Advise much needed (California)

Paul MartinezPosted
  • Real Estate Agent
  • WHITTIER, CA
  • Posts 26
  • Votes 4

Hello bigger pocket members,

This will be a small introduction, and the potential deal I’m having trouble with pursing.

My name is Paul, fairly new to all this! I have read lots of treads and heard many of the podcasts. I feel I know most of the lingo and understand much of the process, but don’t have any experience. My first extinct now is to reach out to anyone that I could work closely with, that could show me the right path! I’m hard working, ambitious and not afraid to fail! I live close to Los Angeles in the San Gabriel Valley.

There is a property in my neighborhood which I’ve lived in for a little more than 10+ years! This property has been vacant even longer than I’ve lived there, and for some reason no one has fixed it and sold it! my wife actually knows an old friend from high school which happens to be the granddaughter of the lady who owns this vacant property. My wife says that this lady has always been a tough cookie, but I see an opportunity in this middle class neighborhood which the properties range from $350K - $600K. This property is a complete disaster by the way! I am clueless on which would be the most effective way to approach this situation or what steps to take before speaking to her?

Thank you in advance for your comments and opinions 

Post: Partnering with two close friends

Paul MartinezPosted
  • Real Estate Agent
  • WHITTIER, CA
  • Posts 26
  • Votes 4
I would definitely get a detailed written agreement with date, names, goals/objective, and pay outs. Then I’d probably go look to get it notarized!

Post: My First Flip! With Numbers and Photos!

Paul MartinezPosted
  • Real Estate Agent
  • WHITTIER, CA
  • Posts 26
  • Votes 4
That’s awesome! Definitely motivational!

Post: Best way to start out investing with $10K?

Paul MartinezPosted
  • Real Estate Agent
  • WHITTIER, CA
  • Posts 26
  • Votes 4
1031 exchanges are great for tax deviation, but once you decide to sell the final property, you’ll have to pay taxes for every time you did a 1031 exchange!