All Forum Posts by: Account Closed

 Thank you, to be honest this may be my best option!

I've also added my pool disclosure to the list aswell. Do you believe these will have me covered to go?

Hello all, as the title describes can anyone spell this **** out for me? I live in Kings county California, I got my R.E License this year and will be renting out my primary residence as i am in contract to move to Fresno, Ca. I will be managing the property myself. I'm currently racking my brain trying to draft up a lease agreement. I have access to the California Association of Realtors where we have all updated forms that go into a lease but I'm just stuck at what other forms i need. I have the basic lease agreement Rev. 2021 and pet addendum. 

Also does anyone have any experience with Rentspree for screening tenants?

Thank you in advance!

Doug, I Appreciate your guidance. I have been pursuing having my client lower his price to a realistic value.

This was helpful @Doug P. , Thank you! I guess my issue is i need to fully understand the process before presenting it to the seller. The sellers pain point is to move out of the area by December, in which he wants nothing to do with this area once he's gone. We've listed the property for sale with no interested buyers in the first few weeks. Truthfully the home is over priced.He's not willing to budge on price truthfully. So this is a  (if the home doesn't sell how about i take over the mortgage) We talked previously about him still owning the property and renting it out while i property manage, but id rather own it if i were to put in that work. 

The home has equity in it purchased at 279k and Comps are at 370k, we've listed for 450k. 

This is a good work friend of mine so i do want him to come out happy with whatever the route is we take. 

With that being said how much would you offer above what is owed on the house? which is probably 265k left?

Those who have attained properties through ‘Subject to’ what information would you include when presenting to seller?

I have an Amortization chart

Property insights-market analysis

TIA

@Michael K.

Well moving is an option! I'm not ruling that decision out. I've been keeping my eyes peeled for a duplex or even a home with an in-law quarters in my location. Ready to jump on it and if it's a new primary residence I can use my VA loan to attain it. That's honestly my main focus is finding a multi family.

@Michael K. You're suggesting sell and 1031 into a larger estate ? That is an option but I'm leaning more toward a HELOC. I see interest rates going to rise mid next year so I think my best option would be to wait till my roof is updated and with solar and take out a HELOC on the property. To prepare myself for what's about to come. I haven't made any other moves other than just updating the property.

@Martha Suarez

Yes indeed, as there isn’t that big of a seen in the lemoore/Hanford area I have a small community of investors here that I’m involved with and individuals starting out. I do work with a great brokerage aswell: Help-U-Sell real estate!

Let’s get in contact!

Hello all,

I’m a new real estate agent who learned about real estate investing while on the journey of attaining my license.

I’m seeking other local investors/lenders in the area (Hanford, Lemoore, Visalia) because it seems the BP community here is very minimal.

I’d be willing to create a group if none exists in which we can get together.

I currently own one house but looking for my next property! I used my VA loan to attain this current home and am really looking for a route to take to purchase the next. Any information would be appreciated. I.e private investors possibly seasoned in the field.