All Forum Posts by: Joseph M.

I don’t think it’s a waste of time, but if you are planning to purchase property that is listed on the MLS , it makes sense to work with an agent. Depending on what you are looking for also they might not be listed on the realtor , Zillow , Redfin for example if you are looking for buildings over 4 units.

Hi Aly Vizcarra what is the asking price ? Is this property on MLS or off market ?

Originally posted by @Craig Drummond:

Originally posted by @Joseph M.:

Congrats , it looks really nice !

Good luck on the sale . Do you plan to do more flips in the area ?

Thanks! I live in El Dorado County and love the area so I would like to pursue additional flips here. I've been reading up on out of state REI and am becoming more enamoured with the idea and at some point in the not too distant future I'd like to try an out of state project. Most likely a BRRRR.

I was born and raised in CA and live in CA but not familar with that area... amazing how big CA is. It looks like a beautiful area. 

I was just wondering , maybe you already mentioned it . But how much did you put up of your own cash, or were you able to get your lender to finance the whole purchase price and rehab? 

Best of luck on the sale !

Ashley Al-Izzi Congrats on saving $200k . Are you looking to flip in the Seattle market ? Prices look nuts in Seattle right now , 840k median price but I’m not that familiar with the area . Maybe if you go a couple hours outside you can find properties at a fraction of the price ? I’m not sure how things are there but in L.A right now you don’t really see houses that make sense to flip on the market .. unless you are going to add on new construction maybe or something like that . So I would definitely plan to spend quite a bit on marketing if this is the case there too as one poster mentioned . Best of luck !

Congrats , it looks really nice ! Good luck on the sale . Do you plan to do more flips in the area ?

So it’s “fair and equitable” to tell a private landlord that they have to accept those with criminal records as tenants ? “"There is so much subjectivity; housing access relies exclusively on landlords' feelings about a tenant," says Eudaly policy director Jamey Duhamel. "The goal is to create clear channels to access housing of choice for all renters that are consistent, fair and equitable."” Looks like they took a page from Seattle .. “Good intentions often lead to bad policy. Consider a new Seattle law that bars landlords from screening prospective tenants for any criminal history. Passed Monday, the Fair Chance Housing ordinance prohibits landlords from excluding prospective tenants because of their criminal history, from requiring or conducting criminal background checks of those prospective tenants, or from charging them higher rents and security deposits. "You've paid your debt to society if you've served your time," wrote the bill's sponsor, Councilmember Lisa Herbold, in an August 11 blog post. "Blocking formerly incarcerated people from accessing stable housing is an extrajudicial punishment not consistent with the rule of law." http://reason.com/blog/2017/08/18/seattle-bans-landlords-from-running-crim

Bart Hedgcock Everything is local of course , in L.A and much of Southern California things are built out for the most part and vacant land is scarce . There are quite a few of these small lot subdivisions being built. There are basically like detached downhomes with a small yard . There are some being built in my area starting at $650,000 for 1500 sq ft . It is possible to find some single family homes in the area for that price but the they are going to be 50s/60s build and most likely not updated . Or at least not look like something from HGTV . I think a lot of millennials would like to buy but can’t afford it , at least here.

Michael Niemeier Speaking of Japan , their real estate market is interesting as home sales are mostly new homes while in the U.S it’s mostly existing or “used” homes . “Raze, rebuild, repeat: why Japan knocks down its houses after 30 years Unlike in other countries, Japanese homes become valueless over time – but as the population shrinks, can its cities finally learn to slow down and refurb?” https://www.theguardian.com/cities/2017/nov/16/japan-reusable-housing-revolution

Susan O. I wouldn’t be surprised if this passes . Unfortunately there are a lot of people that think all landlords are greedy and making a fortune. Since they don’t teach investing or business in school , a lot of people just don’t get how it works.

Clayton did a Webinar on March 20th... the title.....  "How to avoid risk as an investor" 

"

Any new venture can be intimidating, and that’s certainly the case with real estate investing. We hear questions constantly from new or prospective investors who are worried about risk. Sure, there are horror stories about investors who lost it all, but if you play your cards right and put a few safeguards in place, you will are very unlikely to encounter issues.

In order to mitigate risk in real estate investing, you need to attend this webinar!"

https://info.advantaira.com/avoid-risk-as-investor...