All Forum Posts by: Eric F.

Riverside is a good place to be for investing right now.  Although the county isn't as real estate friendly as some (well, the ahem individuals that have been constantly suing the county) it's a phenomenal location.  Welcome!

Nice to meet myself!  I'm in Cypress a lot for carwashes (best carwash in OC is on the corner of cerritos and valley view) and other random things I can't talk about.  Let me know if you want to get together, and welcome.

 The strategies 4-plexes hold from financing to development and everything in between are some of the best.  Agree 110% with this!

I would not buy in OC now unless you've looked at 100+ deals and find a screaming bargain aka off market.  We're nearing the top of the market.   The election has little to do with the market.  Look at new building permits, home sales, foreclosure activity, etc.  Also depending on your pre-approval, that might be higher than what you can realistically afford so if you haven't I would suggest working out all of the payments.  Lenders have a funny habit of approving you for something that you wouldn't be able to afford ketchup for your ramen with.  (making $75k I got approved for $550,000 in OC, really!?!?).  There's a reason there's 3000 registered realtors in Newport beach, and only 30 in Compton.  Don't get suckered.

HI internet, and southern California, my name is Eric.  I'm a newbie looking to make new buddies, learn, make deals and help!

I love land.  A lot.  I'm also interested in multifamily purchase and/or development, residential development, mobile homes and any weird creative strategies.

From what I've learned so far capital gains are best, timing the market is more important than location, the less sexy it is the less competition and better returns, real connection is better than speed networking.  If you agree, or disagree please talk with me because I love to meet new people on the line, or off the line and learn.

Be nice - put him in a home, or contact kin. Be efficient - Take off all the doors, windows, turn off the power, etc etc. He'll leave either way, love or nature. Nature will get you a better ROI :)

San Bernardino tax sale?  That was a bloodbath.  Seems like everything went for retail... here we come top of the market.

Why are you going all the way to AZ and TX?  Stay in CA!  Competition is tough until you get past the mountains :)

capital gains > cash flow

I think it's something like 80% of all money made in real estate is made from capital gains, not cash flow.  Cash flow helps, but isn't as exciting or profitable.

Investing in land is an excellent strategy.  Do NOT look at assessed value as a measure of a good purchase price.  It might guide you sometimes, but, the last person could have gotten a smoking hot deal, gotten ripped off, or someone at the assessors was smoking crack.  Every county is different, every city or area is different.  My advice to make 100% returns - stay out of cities

Hi,

I'm looking for inexpensive (maybe free?) and fast way to find lot sizes by copy/pasting APNs.  I have been using AgentPro24/7, but found how quickly the costs can pile up ordering property reports.  All I am looking for is lot size, no other data.  

Also, if there is a developer out there that could make me something where I could input APNs in bulk that would output lot size I might be interested...

best,

eric