All Forum Posts by: Daniel Siapin

Would u say CG helped u get to that next level?  As in prior to that, were you only doing 10-20 unit apts?  And if so, what were they really helpful with, or did they just give u a rolodex?

It's quite a chunk of change to get into this....and if it's just a frat party with Tony Robbins, then I'm running.

 Is it Collective Genius Mastermind?  Same as Collective Mastermind with Ken Mcelroy, Jason Hartman, and George Gammon....cuz that one is wicked expensive, but I'm strongly considering it.  I'm a believer of you-get-what-u-pay-for.

Reverse 1031 cost $6-10k, and both escrows need to close with 6 months (verify). That being said, diversity isn't a bad thing.

I'm also a believer of buying something to keep it... Or until it depreciates out. What you have now is a nice package... Maybe focus your attention on building out, saying from similar experiences.

@Jack McWatters You have a great deal here, but IMO I have bad news, you're going to eff this up.  I'm talking from hard-knock experience, and limited info from you.  I've done some crazy deals in my life that I had no business doing, and it's always based on reducing what the owner wants vs. what he needs.  The most important thing for you to do is not get laughed away.  Find out what he wants, and figure out how you can help him with THAT.  It may be a 30 yr, but I doubt it (for several reasons).  It may be a 2-5 yr with balloon.  It may be lease.  Or it may be a conventional loan.  Nobody on BP knows that, only the seller does.

You can score this, but ONLY if you help the owner with what he needs.  Who cares if you're green!  You can help someone out.  And if you're lucky, he may be empathetic knowing that he's helping someone out to become a homeowner in a nearly impossible SoCal housing market.  Just remember this will only work if you can meet his needs, it's up to you to find out exactly what they are.

I hope you get this house.  That would be friggin awesome!

Nice work Joe, this is a great buy/hold for you.  $23-002500/mo?

You can buy a home and start a skilled nursing home. You can make a boat load and get into your first house.

amed realty on Euclid in Fullerton lists only these types of residences.

Either way you choose, gotta buy something. Now may not be a great time for first timers since prices are so high. That just means be ready to buy at the down turn in the economy. 

it's very hard for first timers, but you just need to overcome. You look young. Just don't wait forever.

Another totally different option, go get married then move to where you can afford to buy cheap. Some of us are making money at this, but swimming in millions in debt. Not the funnest place to be. 

What do you want? (This is rhetorical, so don't answer me, answer yourself).

best of luck.

Buy a dump for cash in same area and fix it up. Rent or resell works, just get a good deal when you buy. Don't rush into a deal!

@Jason White who tells us the structure is condemned?  can a condemned residence still qualify as a "remodel"?  i'm interested in purchasing something like this.

@Kaneisha Forrest sorry to hear your loss, really hope its only material loss.

This is our project in LA. It will work out in the end despite the City overcharging us all along the way. Steep slope, but people are willing to sacrifice yard for great view.