All Forum Posts by: Storm S.

It’s potentially the nicer apartment complex in my county

Yes Patrick the apartments are around 800-900 square feet and the rents very from 2900-4000

The apartment I live before it was built was commercial offices the office building was bought for 5M then it was demolished and a A class 89 unit luxury apartment complex was built for 20M a year later the property is stabilized and fully occupied with it is worth 35M could be sold for a profit of 10M minus selling costs. 10M profit in 3 years not including the cash flow made for a year which is around 2-3M a year. There is money to be made otherwise you wouldn’t see people doing these kinds of deals

Yes I’m getting my license right now and I had some questions About starting out.

You have the homeowner get rid of his insurance and you have them replace it with a commercial policy or a dwelling policy with the endorsements you need.

Do you have a homeowners policy if you do it might pay the 20% minus a deductible depending on your policy

Are there any insurance brokers licensed in California on here? I am not talking about independent agents or captive agents. I am specifically talking about insurance brokers who represent the buyer.

Are there any insurance brokers licensed in California on here? I am not talking about independent agents or captive agents. I am specifically talking about insurance brokers who represent the buyer.

I think that agents and investors each have there purpose and they each have there own clients that they serve best. Investors can typically help distressed sellers and homeowners with very little equity better than agents can. Investors offer options that agents normally don’t. But I think homeowners can be best served by a investor who is also a agent that way they can offer what both sides have to offer.

@Scott T. I used to work for a investment company where I was the director of acquisitions and dispositions. We would screen for the most qualified sellers and then after most were weeded out the ones that made it would talk to me. I would find the best solution for them and then I would send them the contract. We would either list the property, offer cash, or offer terms. When we offered terms we would try to get owner financing or do a subject to and then on the disposition side we would try to sell on a lease option or land contract.