All Forum Posts by: Rana Kaleel

I’m the buyer not the agent in this case. We were in escrow to buy a house and turns out the seller had someone add their name to a title fraudulently. The court had that person removed from the title but won’t give a clear title for two years(law that the person has two years to contest it or something). The agent discussed the two options of a rent to own contract where we rent and a portion of that goes to sale price and we buy when the title is clear in two years or doing a land contract. Land contract seems a lot riskier but I’m starting to think he wants that option since he gets a commission for it and won’t get anything with rent to own. Is a rent to own option risky besides that it might not result in a sale in the end? We don’t mind very much if in two years it didn’t end up working out as long as we weren’t out anything extra. We don’t want to walk away just yet because we love the property. He said rent to own isn’t done in LA. Is that true ? 

Has anyone dealt with a rent to own contract before preferably in LA? Does the agent or a real estate attorney handle the contract ? Is the agent paid commission for this? 

Thanks Nick,thats very true,I think I will take your recommendation. 

After investing in a few properties I want to go the next step of becoming a re agent. Anyone recommend a licensing course they took? I heard re express will get the job done (also cheapest) but if it’s too wordy and hard to retain it might just be wasting time if I find it hard to finish.  Any personal experiences with it or another course? Seems hard to pay $300 when some are only $80 but will do so if it makes sense. Also any recommendations for the elective? Some courses only offers finance but some say stay away and stick with prop management or legal. Thanks guys! Stay safe ! 

There's an auction coming up this weekend in LA that we are interested in but we have only bought Properties the conventional way and are not familiar with auctions. Besides the logistics of bidding and payment , do you usually go with your agent and who represents you with the deal? The terms state that an agent has to register 48 hours prior to auction and be present at auction to get 50% of commission. If I don't bring an agent is the auction realtor getting the full commission and handling paperwork/escrow for both parties? How does it usually work ? Thanks !

@Aaron K. the goal would be to flip. I think a 15% return would be ideal. Do you have any experience in that area? 

Curious if you moved forward with the house. Please let me know if there's anything in Westchester as well. We have been trying to find a house for ourselves. Wouldn't hurt to find an investment there either. 

Thanks everyone. I've been reading a lot of info on here. I had a question about how to find the best areas to flip and an agent that works with investors (has a good eye for properties that can be turned over quick for a profit). We have a decent amount of savings for a starting point but now need to know where to go from here. 

My husband and I are both employees but we would like to use our savings/income to start investing. I know that investing in real estate is a much better long term plan than just working our 8-5 job and a 401k. Our interest is in flipping homes or long term rental properties and we love the wealth of information that you can find here. Im looking forward to connecting with many of you and would also love any advice that you have.