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Recent content by Calijess

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    House Flipping Makes a Comeback

    REAL ESTATE 
    The first is a flip in a city in the midwest, standard 3/2. Purchase Price: $18900 Repair Cost: $10k (it was already partially done) Comps last month for rehabbed resell: $60k Current resell comps: low 70's This is a test, to see how long it takes to sell and what it sells for...
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    House Flipping Makes a Comeback

    REAL ESTATE 
    I live in So Cal and am seeing all of this crazyness. They have been seeing up to 30 offers on many properties - several of which are typically all cash. So we purchased out of state and got some great deals in a market where we could actually participate with our level of capitol. I am so...
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    Great News for FHA buyers/Flippers/Realtors

    REAL ESTATE 
    This is great if it can help speed up my projects.
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    Will this strategy work?

    REAL ESTATE 
    I am trying to develop a repeatable strategy that lets us put cash into a deal and within a few months get the cash back and use it for the next property. (WITHOUT de-stabilizing the original investment) - Purchase a fixer upper far below market value This is a general scenario I have seen...
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    New from So Cal

    Thanks everyone, I have spent the past three months eating, sleeping and breathing real estate. I have been reading every book and blog I can find about real estate as well as talking to anyone who knows anything from the industry. I have soaked in a lot and am now finally ready to nail down a...
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    Great News for FHA buyers/Flippers/Realtors

    REAL ESTATE 
    In the spirit of "every little bit helps"... If you can find a Freddie Mac home, they have a coupon for 3.5% towards closing costs right now that is addition to the $8k.
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    Getting Started

    REAL ESTATE 
    You may want to look at doing an owner occupied rental as your starting point. The financing and incentives are amazing right now for first time home buyers. If you purchased a duplex you could rent out the other half. FHA finances up to 4 units and only requires about 3.5% down. You should...
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    Difficulty Finding a Mentor

    REAL ESTATE 
    Just last week I was investigating a market and spoke to a local PM. She gave me the name and # of an investor to contact who ended up spending an hour with me on the phone telling me his strategy and how he got started. Had I not been out there talking to people, I would not have found him...
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    New from So Cal

    Hi - I am from San Diego. I would like to start investing in real estate to build a cash flow and am looking for education at this point. Does anyone know - where can I go to learn about the investing? Are there books or websites or classes? I have been reading the threads and there are...
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