All Forum Posts by: Mark Pedroza

Hello everyone, I was told you can hire a broker to list a property on the mls when having it under contract. I am wondering if there is a way to check if it’s allowed in other markets. I am in Los Angeles and I heard it’s not allowed in California but in Pensacola it’s apparently allowed? Anybody have more info on this? Thanks!

How do you guys figure the pr?

Hello everyone! I’m new to wholesaling and looking for investor friendly title companies in California city of Redlands are somewhere near me . Any suggestions?? 

Hello, I recently inherited a home in Solano county, the home is paid off and was owner occupied since built and was well taken care of with multiple upgrades over the years. 

I initially intended to rent the property but i would only net $1,800 a month in doing so. This feels like a light return on a 485k asset, and my thinking migrated towards selling the property and moving the money out of state and purchasing other rental properties.

During my deep dive into self taught real estate investing i came across the idea of creative financing, and started running numbers on my monthly cashflow if I carried the note, with current interest rates, with favorable interest terms to me in exchange for a low down and relaxed qualifying factors, and the hypothetical cashflow doubled.

My question is, is this doable for a first time home seller? I would want to bypass realtors so i would need to learn that side, along with the need to learn how to draft a note with terms and navigate all the other legal pitfalls that could sink my idea. Im not against paying professionals to take care of the needed steps im not qualified for but i dont know where to look, nor do i know everything i need to look for. 

Watching Pace do deals makes it look effortless on the seller financing side, but hes done enough deals that its all muscle memory. Am I insane for trying to be the bank on my first home sale? Ive been looking for resources but it feels like i get 2 new questions with each answer i find.

 @Mark Pedroza thank you for quickly chiming in - just a quick correction, we gather EVERY 4TH TUESDAY of the month with SOME EXCEPTIONS in cases where there are 5 Tuesdays (for example in November, we will have it the 5th Tuesday to avoid doing it on Thanksgiving week).

You can follow our Meetup page for updates: https://www.meetup.com/West-Sa...

Thanks for the good advice I will definitely need to build a buyers list! I plan on attending some local meet ups in the area to connect with others.

Hello @Sergey Tkachev. Is there a regular frequency to your meetups? I've only been to one but would like to join for more in the future. Thanks!