Inland Empire Real Estate

Inland Empire Real Estate
Well the market here is still extremely hot!  No one outside of Real Estate can understand with the current market conditions how it can be a seller’s market.  All of the moratoriums have really hampered the avaliable inventory and now that we are in the busy season everyone...
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House #12 in Escrow – Appraisal Issues?

House #12 in Escrow – Appraisal Issues?
We received over 10 offers on House #12 in one week.  All of them over our list price.  That amazes me, there is just a huge lack of inventory in this market. Our escrow price is about 50,000 over any of the other good comps, so I am wondering if we are going to have appraisal issues. ...
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Should Investors get their Real Estate License?

Should Investors get their Real Estate License?
I see a lot of new investors asking this question.  The answer seems quite easy to me. YES!! The only major downside is you will be considered a professional in the industry and be expected to behave like one.  If you know of issues with a property you own, or are selling, you...
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Lucky House #13

Lucky House #13
We didn’t just buy this one, I just “took a break” from blogging so you don’t know about this one. Escrow closed April 24, 2009, it was a small 3 bedroom, 1 bathroom very close to House #5.  This house was built in 1954 and it has no master bedroom,...
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House #12 – The Fire House, hits the market

House #12 – The Fire House, hits the market
We listed House #12 on Wednesday.  It was a great deal, but needed a ton of work.  There was a large fire, we think set by the previous owner, that started in the garage and moved up and basically burnt right through the middle of the house.  We closed escrow on it February 24...
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What we got going on…

Sorry again for the lack of activity, I have been swamped with a couple other businesses I’m involved in and getting our existing properties into escrow. House #6: This house has been in escrow forever now, since March.  The buyer had credit issues that are now fixed, but the...
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I’m back.

I’m back.
Wow, it’s been a long time since my last post. Currently, we own seven properties… Five of them are in sales escrow. All but one of them are in escrow above our asking price.  So this is all great news, I just wish things would close faster. The market is very odd lately. ...
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