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All Forum Posts by: Walter Roby jr

Walter Roby jr has started 12 posts and replied 301 times.

Post: Contracts of Assignment in California

Walter Roby jrPosted
  • Rental Property Investor
  • Encino, CA
  • Posts 324
  • Votes 178

Also if you reach out to the local Escrow companies that you will be looking for, ask them for this. There is also a CAR form titled Assignment of Agreement Addendum (AOAA) that anyone can use (license or not). An Escrow agent who wants your business should be able to get that for you.

Post: Finders fee vs wholesaling?

Walter Roby jrPosted
  • Rental Property Investor
  • Encino, CA
  • Posts 324
  • Votes 178

@Jesse Hopcus This sounds like you want to broker deals without a license so I would advise against this and would recommend you get your license if that's what you want to do. Otherwise, keep it consistent my man.

Post: Wholesaling in Southern California

Walter Roby jrPosted
  • Rental Property Investor
  • Encino, CA
  • Posts 324
  • Votes 178

Yes. It can be done through Cold Calling driving for dollar leads

Post: I Cashflow with TURO

Walter Roby jrPosted
  • Rental Property Investor
  • Encino, CA
  • Posts 324
  • Votes 178
I bought 2 Toyota Yaris' for $4300 all in with monthly insurance at $62/each and monthly taxes®istration at $10. I rent them out 22/30 days for the month at about $18/day net. The guests pay $.25/mile for every mile over what I set, $50/hr for every hour they are late (billable after the first 15 minutes), and they pay cleaning fees for crumbs. Best of all, should they get in an accident, my cars are fully covered by TURO which has happened and I have recouped more than half of the what I paid for in the first month. It requires a lot of photo documentation 24 hrs before and after the trips to prove damage but this can be done 100% without meeting the guests face to face (remote). TURO as a company itself has a grey business model and in would highly recommend NOBODY to lease or finance cars just for this. I wanted to share this with BP for those who are handy with cars and want another source of cashflow.

Post: Can I sell a duplex on a Lease Option while it's owner occupied?

Walter Roby jrPosted
  • Rental Property Investor
  • Encino, CA
  • Posts 324
  • Votes 178
@Danielle Cardenas why would YOU want to sell on a lease option? Wouldn't it be better to sell outright or purchase on a lease option? I wouldn't want to give someone an option on my property unless there was an extremely favorable purchase proce, deposit, and/or lease in place which I doubt would happen.

Post: Title company in Southern California working with wholesaler

Walter Roby jrPosted
  • Rental Property Investor
  • Encino, CA
  • Posts 324
  • Votes 178

I have a few contacts that can help you out

Post: Pre-probate wholesale deal

Walter Roby jrPosted
  • Rental Property Investor
  • Encino, CA
  • Posts 324
  • Votes 178

Extend the contract term to the sooner of 1 yr or 60 days after court confirmation (if thats the case). Also consider getting the flipper to walk you through the deal for the experience. 50% of a deal is better than 100% of nothing.

Post: Probate records from court

Walter Roby jrPosted
  • Rental Property Investor
  • Encino, CA
  • Posts 324
  • Votes 178

try out https://www.capublicnotice.com/ and search for "PETITION FOR PROBATE"

Post: Fire Damaged Homes From Thousand Oaks Fire

Walter Roby jrPosted
  • Rental Property Investor
  • Encino, CA
  • Posts 324
  • Votes 178

One of the major hurdles that is going on is a shortage of labor. Along with the slow permit approval in Ventura , many homeowners are still without progress even a year after. The same could happen for this latest event.

Post: Wholesale Beginners Start Here!

Walter Roby jrPosted
  • Rental Property Investor
  • Encino, CA
  • Posts 324
  • Votes 178

@Walter Kimbrough I would start off getting your own lists by driving for dollars and looking for distressed properties. You can also go down to the county court house and look up eviction records, divorce, etc to get lists that are harder to find. These will yield higher chances of finding a deal.

@Renae Pinkney That is perfectly normal. I lookup the LLCs on the State Secretary website, call the registered owners, introduce myself, ask if they are in fact flippers, see if they are looking for more flips, if so write their formula and criteria, then get to work.