All Forum Posts by: Clint Kreider

@Jeffrey Magenes I guess it comes down to how much cash flow is acceptable to you. Do you manage your properties personally? I have been analyzing 2-4 unit properties in Santa Ana, Orange, Fullerton, Anaheim, and surrounding cities for the past couple of months.

With 20-25% down, all units generally need to be at or very close to market rent to produce decent cash flow. So, it's important to consider the current rents and condition so that you know what it will cost to get the rents where they need to be.

I forgot to tag:

@Steve Stern @David S. @Eric Hrlbock @Marci Stein

Has anyone had a chance to review the property? If you have a chance please give me your thoughts whether you are interested or not. Thank you

I am in California and I have a client who lives in Florida that wants to sell their home in Monticello, New York. They own it free and clear, and it is vacant. They are very motivated to sell quickly because they are tired of paying the taxes.

They say that it is in excellent condition with many upgrades. It sounds like it may be worth buying and flipping without doing much work, if any. I am not familiar with the area so I can't run the numbers.

If anyone is interested or thinks they can find a buyer let me know.

@Matthew Baumberger Thanks Matthew, welcome to you!

@Karen Margrave I see. That sounds great. That would definintely be a dream to own something like that one day. For now I will likely start "buying and holding" less expensive property.

@Karen Margrave Thanks Karen! No, I have not really thought about it. What sort of new construction?

@Paul Timmins Wow that sounds great. That is the first I have heard of something like that. Thanks for sharing!

@Blake Williams Thanks Blake, welcome to you!

I work with a group that is very active at the L.A. trustee sales and we only use www.foreclosureradar.com. It has met all of our needs.

@Mehran K. Wow that is awesome. It's very motivating to hear about your success in other markets. Thanks for sharing!

@Tim Tye Sounds good, I look forward to it!

@Mehran K. Thanks for the welcome Mehran! It's pretty competitive in Socal, but it can certainly be done.

How did you network in Indianapolis and Milwaukee before you started buying over there?