All Forum Posts by: Rob Pagarigan

Thanks @Matthew Olszak, generally, these owners and their agent have been pretty difficult to get anything. I feel like there is some deceit in the whole story as well. They refused to pay for anything including $1600 for termite repairs. I probably need to consult an attorney at this point. I need to know if walking away from this deal would jeopardize the earnest money I already put in.

We are 1 day away from closing a real estate deal. The sellers and seller's agent have been extremely difficult to work with throughout the deal. We signed the docs yesterday and just after that, we were notified by the seller's agent that the central A/C went out the day before. They said the were going to have their home insurance policy cover it and they had already paid the deductible, but getting any other information has been difficult to get because they aren't answering my agent's specific questions. The only thing we know is that an adjuster is coming in the next couple of days.

I am not willing to close the deal until I have confirmation of the repair being completed or a paid receipt and/or verified date for repair to be made.

If they continue to drag their feet, what are my options assuming I may have to re-lock on my rate or delay closing?

@Frank Rizzo

I use the igloohome keybox 3. It is designed for STR market, but it doesn't require wifi and you can assign unique duration codes or those with the app can be granted access as well. Message me if you have any other questions

Big Bear Lake, the #1 destination in the US (Airbnb), July 2019 is a 4 season resort and outdoor enthusiasts paradise. As a property manager, STR owner, and advocate, this sleepy village in the mountains near Los Angeles struggles to find balance between residents and the booming STR market.

Thanks all for the input. My tendency is to get to absorbed into the numbers sometimes. 

Thanks Alina, that's a great tip. I've already sent out some messages.

@travis rasmussen

Thanks travis, definitely will reach out, I'm usually up that way at least once/week

 Thanks Jack! You're right, there is a wealth of information here. At times it can be a bit overwhelming :)

Good morning BP!

I have been lurking in these forums for some time now, eager to jump into some smaller multi-family properties with the goal of cash flow. I am a rookie investor from San Diego, I have a vacation rental that I purchased last year in the mountains of southern california and it has been doing really well over the last 6 months. I am planning to refinance that property soon and pull some cash which I would like to put into a smaller duplex to quad with a value add component. These would be B or C class neighborhoods with stable rents. I have several contacts in two different areas of the midwest who I trust for general neighborhood growth/gentrification information and I have been very busy looking at the stats through various websites that I can check online with statistical data. I may be getting to involved with the research as I am finding a lot of contradictory information, not only between what my real estate contacts say and the data, but also between the various data websites. If anyone out there has some reliable data mines or sites can you share what they are?

Also, any other advise on vetting cities is greatly appreciated, I would also like to connect with any out of state investors in the San Diego area as well!

Cheers, 

Robb

 It would be great to hear your story Ali, and ask a few questions. Would you mind if I sent a connection request your way?