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Yousuf Kaleem
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You're Stranded in CA and You Have To Invest $500k Cash In RE or DIE!

Yousuf Kaleem
Posted Sep 16 2023, 21:33

What city do you purchase in, and why?  Property must be ready to go when you purchase it by the way.  None of the money can go towards rehab costs and you cannot borrow money.  

Joe Homs's profile image
  • Flipper
  • from Mission Viejo, CA
  • Member since Apr 3, 2014

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Joe Homs's profile image
  • Flipper
  • from Mission Viejo, CA
  • Member since Apr 3, 2014
Joe Homs
  • Flipper
  • Mission Viejo, CA
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Joe Homs
  • Flipper
  • Mission Viejo, CA
Replied Sep 18 2023, 15:01

@Yousuf Kaleem very dramatic post.  Look for a flipper in the area that you want to buy and buy something from them turnkey.  You can also buy from a builder direct.  Live long and prosper!

Good Investing...

Jay Hinrichs's profile image
  • #1 All Forums Contributor
  • Real Estate Broker
  • from Lake Oswego OR Summerlin, NV
  • Member since Jan 29, 2014

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Jay Hinrichs's profile image
  • #1 All Forums Contributor
  • Real Estate Broker
  • from Lake Oswego OR Summerlin, NV
  • Member since Jan 29, 2014
Jay Hinrichs#1 All Forums Contributor
  • Real Estate Broker
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs#1 All Forums Contributor
  • Real Estate Broker
  • Lake Oswego OR Summerlin, NV
Replied Sep 18 2023, 15:15

many areas of CA that will buy U a very nice place.. 

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Jake Andronico's profile image
  • #5 House Hacking Contributor
  • Realtor
  • from Reno, NV
  • Member since Jul 17, 2019

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Jake Andronico's profile image
  • #5 House Hacking Contributor
  • Realtor
  • from Reno, NV
  • Member since Jul 17, 2019
Jake Andronico#5 House Hacking Contributor
  • Realtor
  • Reno, NV
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Jake Andronico#5 House Hacking Contributor
  • Realtor
  • Reno, NV
Replied Sep 18 2023, 16:41

@Yousuf Kaleem

Haha, clever post. 

I'm definitely bias but have been bullish on Reno, NV and it's surrounding areas for years before I became a realtor here. 

Particularly Carson/Gardnerville, which not as many investors pay attention to. Strong rents and can scoop up some great deals with cash, even in turnkey condition with the current pain of interest rates. 

Best of luck to you!