All Forum Posts by: Account Closed

The lot is not sloped in any way and the home looks like it is built on top of a crawl space. Here are a few photos of the cracks, although these photos don't do them justice.

Hello fellow BP members, I just walked through a small 3/1 house in Glendora and noticed cracks in the ceiling in 2 rooms on either side of the house and a crack in the wall near the front of the house. The floors also seemed uneven at times, I thought I was imagining things so my wife walked with me and confirmed that the floors seem to slope in some rooms. The house was built in the 20's I believe but I'd have to double check. What could cause this? Is this a "red flag" ?

Hello BP community! I've lived in Glendora CA most of my life and have been noticing the changes to the community over these past few years and could use some insight on what this means for the market. Soon there will be a train that goes from Glendora into Los Angeles. This has promoted a whirl wind of developments. There is over 400 new apartments being built within a mile of where the train station should be, rents to start at 1800 a month. This building is now the fist of it's kind to block the view of the mountains. There are also numerous other new housing developments. My question is what might this mean for the market? Have you seen this elsewhere and what can be expected? Does new housing to this magnitude dilute the market? Or will median prices rentals have a bump in demand? For perspective homes seem to rent from 1600-2500 in this area and a "cheap" home is around the mid 300 to low 400k mark once you are north of foothill prices seem to climb. Also, does the inclusion of transportation increase rents/prices in relation to the savings over private transportation ? Best, Gregory Lomelin

Hello everyone!

I’m new to the forums but have been spending the last few months reading everything I can and talking to investors (my dad happens to be a money manager and I have been working directly with the CFO and CEO of my employer on a few projects so I have pretty good access to high net worth and extremely invested people). I am about at the point that I will be looking into my first deal come this summer. I was wondering what sort of property age is best? I understand this question is a little vague, but regardless of intent, holding, renting, or appreciation, what period are you most comfortable with buying from and why? Aside from new developments, do you find that older homes, 60’s 50’s 40’s are particularly trouble some? Is there an age sweet spot?