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All Forum Posts by: Sebastian Marroquin

Sebastian Marroquin has started 52 posts and replied 433 times.

Post: Pasadena investor's meeting with Sebastian

Sebastian Marroquin
Pro Member
Posted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 465
  • Votes 261

FREE SEMINAR and FREE PARKING!! 

Come meet like minded people looking to learn how to flip homes and buy rental property! 

Saturday in Pasadena we will go over specific ways to start prospecting for homes!! 

We will also go over very helpful scripts and dialogs to have with potential sellers! 

What to say: when to say it and how to say it! 

We will go over real life scenarios we are going through on a week by week basis. 

so you don't have money... its ok: How to start making money without spending a penny! 

but wait... 

so you do have some money? Ok, let me tell you how to best spend your dollars to maximize the return on investment ROI!

Come meet Sebastian: Realtor with Keller Williams realty in Pasadena. 

Post: HELOC Against Rental Property

Sebastian Marroquin
Pro Member
Posted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 465
  • Votes 261

Your initial comment suggested that the out of pocket expense would be too great... 

but after reading some of your own replies: its seems that the costs is only $3k ..... hmmmmm 

do the refi- cash out: and pay the 3k (and figure out how to make 3k else where to off set it... ) : seems to be the easiest way... 

ask your lender to give you $1,000 for doing it for you.

and then ask for another $1500 from your realtor - that will help you get the next home: or if the next home is $50k (as an example) : offer $53k with 3k coming back to you for non-recurring and recurrent closing costs.... and there you have it: you did not lose any money.... 

3k is nothing... if you can get a new home that will cash flow: think about dollars not pennies.... 

Do uber or lyft for a 2 months and get the 3k.... 

whole sale one property for 5k : then you will have a 2k surplus... 

where there is a will - there is a way... take action and make it happen. 

(lastly : I'll let you barrow 3k for 50% of the equity in your next home :)  ) JK but not really 

Good luck 

Post: Pasadena investor's meeting: how to assess flip/rental homes!

Sebastian Marroquin
Pro Member
Posted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 465
  • Votes 261

Pasadena investor's meeting #4 coming up October 28th at 11am! 

251 s lake ave, suite 150, pasadena, ca 91101 FREE: parking inside the structure : through Del Mar st. 

Bring something to write with as we will be diving into how to assess homes for 'a buy and hold or flipping strategy' 

How do realtors and appraisers assess homes? (and lenders for that matter: as most times you will need financing right?) 

We will go over real life scenarios: and many things we have learned working with investors and flipping our own homes. 

Some lessons are painful but great learning experiences that you can now benefit from! 

I have met some people that paid $30k for information like what we will go over at the meeting. 

RSVP and see you Saturday Oct. 28th.  *** you can park inside the structure : Saturdays are free (FREE). 

Post: OFF Market Mesquite, TX Flip or Rent

Sebastian Marroquin
Pro Member
Posted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 465
  • Votes 261

i have 10 units in texas: off market: $400k 

have a buyer?

Post: Off Market 4-plex in Cherry Creek - 78745

Sebastian Marroquin
Pro Member
Posted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 465
  • Votes 261

10 units in mission texas: for sale: not on the market 

$400k 

have any buyers? 

Post: 10 units in texas! under $400k

Sebastian Marroquin
Pro Member
Posted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 465
  • Votes 261

10 units in Mission, Texas! 

xxX1inspiration rd. Mission Texas

some units are rented between $475 and some for $520 per month. 

(at $475 per month for all of them: that would be $4,750 or $57,000 per year). 

Price: $399k 

Post: I want to buy a rental now, my husband wants to wait a see.

Sebastian Marroquin
Pro Member
Posted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 465
  • Votes 261

people have their views and you have to respect them. 

How about creating a plan? 

say you have 100k together. 

What if you divided that by 50% (and put 50k in the bank as a joint account: and then put 25k in a personal account (25k for him to what ever he wants: and you the same). 

After all: what is money but paper if you do not do anything with it... ??? 

At the same time : I am very frugal and very conservative: and I understand his fear of losing it. In this scenario: the majority of the funds (50%) stays in a safe fund (think mutual funds etc) to also make it grow in a safe way. 

Now you have 25k (which may not be much now: but from this point forward: maybe 10% or 15% of what you make in real estate sales goes to that fund: until you have enough to invest by yourself. (always making sure he knows - he is invited to join with his personal funds if he chooses): you are a team after all so you don't have to rub it in his face if you prosper. (If you do prosper and are successful, then great and enjoy the money with him there after): if you lose it all together, ahh well, you live and you learn! and you planned for it. 

Find something about real estate he likes: 

maybe he is methodical and a type S or C personality : so maybe he will want to take part in accounting, managing and other number driven activities: 

maybe he is a high 'I" : where he will like to have a say in the interior aesthetic and design or talking and interacting with the tenants etc 

Or a high D type: and he will like taking action: negotiating etc  (doesn't sound like this one though ) 

He has to fall under one of these 4: so assess- learn about each other and make it fun. 

No one wants to lose their money- of course not: but take action, research and learn: get a mentor or partner already doing it. 

I bet you both have jobs and salaries : and can get back up if you do something wrong. 

Good luck 

Post: Pasadena Real Estate Investor Meeting!

Sebastian Marroquin
Pro Member
Posted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 465
  • Votes 261

@Christopher Denne cool! Always happy to meet people from the area! @Graham I. looking forward to meeting you! 

Post: Flipping Houses - Closed On First Property

Sebastian Marroquin
Pro Member
Posted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 465
  • Votes 261

what's the address? 

Post: Pasadena Real Estate Investor Meeting!

Sebastian Marroquin
Pro Member
Posted
  • Real Estate Agent
  • Pasadena, CA
  • Posts 465
  • Votes 261

Hello Bigger Pockets! 

This will be our 3rd meeting on Sept. 30th! We've had very interesting people show up thus far! From recently college grads. to accountants, attorneys, Gamers, Doctors and other professionals in and outside the real estate industry ready and eager to network with one another! 

I welcome all walks of life: sometimes we may think that we bring nothing to the table, but trust me, you could not be more wrong. 

We all have life experience and we all have a 'network' of people, family, and co-workers we know that is worth its weight in gold! You bring more value than you think. 

Structure of class: * No selling what so ever of anything

1. learn something

2. Network one on one or in groups (depending on how many people show up)

3. Go over actual deals: break them down and see if they would be good investments. 

4. once meet up catches traction : then we will schedule speakers from (title, escrow, inspectors, etc ) 

Looking forward to seeing new and old faces here! Invest in yourself and your business: make the effort to be here! 

What you do now will pay off in the future. 

251 s. Lake ave. Pasadena, CA 91101 

suite 150

11am