All Forum Posts by: Siouxzie Hanes

Call or Email Dennis Block. When it comes to legal matters and tenant rights, do not seek advice from anyone other than an attorney. Anyone in the group posting their opinion on what they think you can and cannot do could make the situation worse. If you have posted 60-day notice, why extend. 

https://www.evict123.com/

are you looking for an investor to front the cash? How do you plan to buy the properties all cash? Maybe see if a hard money lender will provide you with a pre-approval. An offer is not worth presenting to an owner without backing of the buyer's ability to actually close the deal which basically means showing you have at least the initial deposit/downpayment in your bank. 

@Chris Turner As a buy n hold investor, I really don't care what the Wholesalers fee is. But, eventually I do get to see it at closing. Although, if you want to build relationships, full disclosure is always the way to go. @David Hines I don't think you understand the value a Wholesaler brings to both the seller and the buyer. How do you find your clients? Do you knock on doors? Do you market to property owners who are hard to find? Probably not. IMO, Wholesalers dig out individuals who don't have the time or the drive to reach out and find a real estate agent. And when a Wholesaler finds a willing seller, they pretty much guarantee a very quick sale. Do you guarantee your clients a quick sale? I'm not here to knock Real Estste Agents, but you offer a different service than Wholesalers. RE agents connect sellers who are willing to wait months to get the max sales price to owner occupant buyers who are willing to pay market prices.

My team is commercial and we sell apartment buildings and our business is 80% off market. We direct call and build relationships with Sellers across all California markets. We run the numbers and pitch it to Buyers, typically just because it is off market does not mean sellers don't want market prices but they are willing to be more flex for us as our commission is normally what gets negotiated to help secure the deal. We offer a better more beneficial approach then what you describe as wholesalers, who tie up deals for sellers, add a large fee to the deal and pitch to unknown sources to find buyers they have never worked with before. 

Thanks to everyone who replied. We sold the property at $840! Onto the next deal. 

• $2,299,000
• 7 units
• 5869 approx. sq.ft
• Los Angeles, CA 90019
• Korea town adjacent
• Hancock park adjacent
• corner lot property
• well maintained
• rental upside potential
• add value 
• principals only.  

• 10 unit
• flip
• all 2+1
• 1980 built
• 6,676 sq.ft approx.
• estimated repairs - $180-200K
• ask price $345k
• includes additional apn used for apartment building parking lot - potential to develop
• principals only.  

• FULLY REMODELED
• SPANISH STYLE
• DUPLEX
• 2+2 AND 3+2 - VACANT 
• LARGE BACKYARD
• TWO CAR GARAGE HAS SHOWER AND BATHROOM - ALL PERMITTED
• COULD BE TURNED INTO A SINGLE FAMILY HOME - BUYER TO VERIFY

PRINCIPALS ONLY.

• 4.52% cap
• 6.37 market cap
• rental upside
• owned laundry
• balcony and/or patios
• strong rental market
• 338,395 SGI
•  1964 built
• 20,829 building sq.ft
• 20 parking spots
• LAR3 Zoned

Principals only. Off Market. 

Thank you. 

• Non Rent Control
• Strong rental market
• Pasadena location
• 2.45% CAP
• 1968 year built
• 3,878 building sq.ft 
• Good unit mix
• Excellent curb appeal
• 78,840 SGI
• Rental upside
• 5.03% Market CAP

Principals only. Off Market.

Thank you.

• Prime Location Granada Hills
• Large Lot with development possibility
• Back house is private with pool and large driveway
• Front is private with own entrances
• Both properties have ample fruit trees
• Could be a great fixer upper with some deferred maintenance
• Value add to renovate the units
• Hardwood floors
• Individually metered for gas and electric
• Tenants are on month to month with potential to vacate prior to close
• 10 total private car parking spaces
• Central air
• Granite counter tops
• Copper plumbing
• Current CAP approx. 5.6%

Features are per seller, buyer to do their own investigations. Drive by only. Do not disturb tenants without a tour scheduled with listing agent.