Thursday, October 27, 2011

Investors, do you need funding?

If you need funding for your real estate deals, I can help.  I recently joined a company called Private Money Bank International.  PMBI is a company made up purely of its name sake, PRIVATE MONEY.  This is not your regular bank where you hope some loan officer determines how much you get based your credit history.  Rather we look at the property you wish to purchase and depending on ARV, your loan is guaranteed against the property.  PMBI takes a 1st trust deed position to protect its interest just like any other bank would.  These loans are at higher interest than a regular bank, but most investors working the fix and flip model only need short term loans.  And we all know the Big Banks are not giving out loans to anyone.  If you need to fund a short term project, why not give PMBI a try.

http://pmbintl.com/beachtownhomes/

Mario Estrada, Jr
beachtownhomes@gmail.com

Wednesday, October 26, 2011

Central Coast Real Estate Investors Association

The Central Coast REIA was formed about 2 years ago by two investors who saw a lack of an investing and education group on the Central Coast.  These types of groups are common in larger cities such as Los Angeles, Bakersfield and cities in the Bay Area.  However, between these cities there was nothing in the middle.  Jon Westbay and Mario Estrada, Jr were instrumental in creating this group using networking skills they had both learned in other businesses and networking groups. Since the formation of the group, many real estate transactions have taken place that otherwise wouldn't have without the networking this group provides.  Our investors include, wholesalers, rehabbers, hard money lenders, wealth management specialist, and Realtors.  Our goal is to teach and educate investors whether you are a novice or experienced investor.  We meet every 4th Thursday at Spyglass Restaurant in Pismo Beach. 

Investors who wish to attend our meetings are welcomed to 1 visit.  If an investor wishes to join our group, you can do so at a cost of $200 for a year.  If you join the day of your visit, the $20 is refunded and all meetings attended are free of charge.

The Central Coast REIA has expanded and formed another group in Santa Maria called the Santa Maria REIC.  This group is lead by Dana Klaft who has been investing for several years and teaches others to follow in his footsteps.  This group meets at the Santa Maria Inn every 2nd Tuesday of the month.  This groups goals are the same, to teach and network.  Between both groups there are over 40 investors working together to help each other grow our businesses.  Although some invest on their own, some have come together and formed partnerships on larger transactions for large profits.  All investors who join either groups are free to invest as they wish, as long as they invest ethically and within state and federal law.

I buy Vacant, Abandoned and distressed houses

Hi, my name is Mario from the Central Coast of California.  Born and raised in the 5-cities, I'm very proud to call this place home.  For a long time I always wanted to invest in real estate and now that dream is beginning to take shape.

One of ways I invest in real estate is buying homes that have been vacant, abandoned or in disrepair.  Homes can fall into this condition for a variety of reasons causing them to be an eye sore to the neighborhood.  At times, these homes can also attract a criminal element and this often brings down the quality of the neighborhood.  It is homes like these that I like to purchase, repair and help renew the quality of the neighborhood.  This helps other homeowners retain their quality of living and value of their own homes.

I also help homeowners who may be facing foreclosure.  If you are in a situation where you may be faced with this, it is best to consult an attorney to weigh your options before selling your house.  If after you have done this and want to sell, there are a variety of ways you can sell and relieve yourself of the stress of having a home underwater.

If you have a property you want me to look at and make an offer on,  email me today so I can help you.

Mario Estrada, Jr
beachtownhomes@gmail.com