All Forum Posts by: Tou Vang

Great job on the deal. Keep us posted with photos.

@Brandon Markos where you getting this finance from?

ANuraag M. My folks live in that area of town so I know area pretty well. That section right there is very bad BUT from what I see is that they are starting to construct SFR from the golf course towards the train track. Eventually, constructor will start to buy those land to construct additional homes. If you can buy the land for cheap, I would hold it for a little bit and it'll strike gold when contractors buy it out.

90% of that area is SFR there's only a few apt complex down by Herndon and Polk. I'm not sure if triplex in this spot would work well.

I suggest a different demographic to proceed with your plan.

@Account Closed How do you suggest I do that if I don't have any software? I'm an out of state investor to WI.

I"m think about getting in contact with a few wholesaler in the area. What's your suggestion on this?

What do you guys suggest I do to find cash buyer in Greenbay, WI? 

@Rick H. Thanks for the feedback.

@Rick H.

Yes, this is happening in the state of California.

The value of the estate is above $150K and from what I've heard the hearing will be done through small estate affidavit (informal process?).

What do you mean by this:

"Otherwise, you would merely extend your contractual arrangement, absent an assignment of beneficial interest."

@Bhekizwe M. Of course, YES... You have to get there before anyone else does.

If a person passed away, from what I've heard in the state of California, it looks like the family has to wait a mini of 40 days before they can proceed with the estate hearing.

If I knew that the person who passed away (Person A) has left the will of the property to one of the family member (Person B).

My question are:

1) Can I enter into a purchase agreement with Person B prior to the estate hearing with the contingency that Person B inheriting the property?

2) How long can you extend the purchase agreement? I typically see 30 - 45 day but have heard of 90 days before.

@Varinder Kumar This is what I would suggest:

1) Check Rentometer and/or Zillow to get an understand of how much you can rent per month.

2) You can post in the following:

A) Craig's List: Everyone normally post here since it's free and absolutely everyone will have visibility.

B) Zillow: This website has become a very well know marketing tool for buy and sell but majority doesn't know that you can post your rental here for free.

https://www.zillow.com/rental-manager/posts/all/

C) Facebook: Because of the popularity of Craig's list and the fact that social media is a new thing many people that I've known doesn't use social media for posting. Facebook is the mother of all social media and how I landed my 1st rental tentant here. There are normally groups within your area where community of people coming together to see other's posting for buying, selling, and trading. 

E.g. One of the group that I've used is "559 Houses and Apartments For Rent" where there's 15K members on this group and you get instant feedback on your property whether it's good or bad. I mean look at the amount of people you already have here without having to pay heavily for market. Where and how much do you think you can post to get 15K people to see your advertisement? You can adjust your standards/pricing/policy (I had a no pet policy but everyone wanted to have a pet or two) based on their feed back. The members will start tagging their friends/family member, etc.

Within a 2 weeks time frame, I did 2 open house (on Saturday) for about 2 hours and I got about 20 family to come through the property to view it. The rent that I got was also on the high end of the rental comparison but I did some cosmetic upgrade to the interior, which made it feel like it was worth that much in a D+ area. This is the power marketing through social media.

This is the main reason why I think this tool is better than Craig's List or other website because you get the instant feedback regarding the property.

I hope this helps.