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Jose Garcia
  • Real Estate Investor
  • Lemoore, CA
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Competing for rehabs

Jose Garcia
  • Real Estate Investor
  • Lemoore, CA
Posted Apr 23 2013, 21:13

I have been consistently beaten on my bids by this local investor with deep pockets who is part of a real estate agency which I'm not going to name. In either case, I've gone to his homes and they do a terrible job at rehabbing them but there selling. One I visited today did not even have a hood over the stove just a big hole. I can see why he is willing to pay so much more for the properties. He is not doing much more than painting.
I don't want to veer off of the 70% rule especially since I'm fairly new to real estate investing.
Any advice

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