All Forum Posts by: Lin He

Then you definitely should hold on to your money or invest in short-term deals. It is your "currency". You should go to this event. https://www.thenorrisgroup.com/organizer/south-oc-rei-club/. Bruce Norris is the man you should know. 

Dan,

It depends on what you want to do with real estate investing in the future, being a passive investor or a full-time, hardcore RE investor. 

Don't invest out-of-state or anywhere you can't drive to, unless you have a lot of experience under the belt, know someone you really trust and do your own due diligence.

There are still a lot of opportunities in SoCal. Build connections and get to know local investors. Hold on to the hard earn $100k as tight as you can. Eventually, it will click after you have seen the real deals.

It really depnds on how much work you do. Typically 6 - 12 months. 

The institutions have been holding on to a large number of SFR rentals for a few years now. It seems they have figured out a way to make it work, for now. If they could (1) cut down transactions costs, e.g., commissions and carry costs; (2) keep the construction costs down, with large buying power and in-house construction teams, then it could work theoretically. However, there are challenges ahead. First, how will they find a large number of flips without agents? Two, more importantly, it works now in certain parts of the country because of their low capital cost basis and more importantly, the current low-interest environment, which allows them to own SFR as rentals with bare positive cash flow in lower-priced markets. Now the Fed is raising the interest rate, it could be a significant headwind ahead for both their flips and rentals. Interesting to watch.

https://www.bloomberg.com/news/articles/2018-09-18...

14 months. 8 months for eviction, 3 months rehab. The rest is escrows.

Thanks Rob. The rest of photos can be found at http://www.RellionInc.com. The story of the deal is on FaceBook. Interesting how different the comments I got her compared to those on Twitter. 

The total equity in the deal is less than $200k, not $1.3 mil. It's a pretty complicated deal with a lot of drama. But it's worth it at the end.