House #14 – Our First Rental

House #14 – Our First Rental
It took us buying 14 properties flips or wholesale before we where ready to do a rental and this was actually going to be a flip until we took our main contractor to the property.  He liked it so much, he told my business partner that he wanted to rent it! After much discussion and...
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Is Staging an Investor Owned Flip House Worth It?

Is Staging an Investor Owned Flip House Worth It?
I was in a training class today with some other investors and the topic of staging came up.  The person leading the seminar only stages the kitchen and bathrooms (he mentioned he spends around $500).  Other of the attendees mentioned they can stage the entire house for $1,000. ...
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Real Estate Investor Electronic Tools

Real Estate Investor Electronic Tools
I thought I would take sometime to summarize the tools I use everyday, that make my life much easier!  Real Estate Investors need to be specialists in multi-tasking.  Everyday we need to knock tons of things off of our to do list! Fax to Email Service I send and receive over 400...
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House #15 – Will Close Purchase Escrow on Monday

House #15 – Will Close Purchase Escrow on Monday
We should close on House #15 on Monday, we have been ready to close all week, but we have been waiting for the bank to send us the Grant Deed.  It is an extremely cheap house, 2 bedroom 1 bathroom and we are planning to sell it completely rehabed for $120-130k. The house has very...
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House #4 – Fell Out of Escrow..Maybe..

House #4 – Fell Out of Escrow..Maybe..
House #4 is the house we have owned for the longest right now.  We closed purchase escrow 10/31/08 the rehab took a long time because we did an addition and had huge issues with city Code Enforcement. The buyer has a great credit score and has more then enough cash to get it done,...
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Creative Real Estate Financing

Creative Real Estate Financing
This market is tough!  Banks are getting extremely conservative and looking for qualified buyers.  It is harder and takes longer to resell properties then ever before.  But that doesn’t mean you should give up!  Properties are at great prices right now and many homes in...
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California 593e Tax Form

California 593e Tax Form
If you’re an experienced investor you’ve probably heard of the California 593e Tax Form.  If not, you will want to know about it. In California, if you have not lived in a property as your primary residence for at least 2 out of the last 5 years, you have to pay California...
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Banks, where is that promised inventory?

Banks, where is that promised inventory?
For the last three or four months all the REO agents we deal with have said there is a whole lot of inventory coming down we just have to “wait”.  This inventory has constantly been two or three months away from hitting the market.  Now it seems like the agents...
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House #13 – Megan’s Law

House #13 – Megan’s Law
We now have over 10 offers on House #13.  After isolating our 3 favorite offers we sent them all the same counter and the two responded quite interested.  We did some additional negotiation and one couple was going to re-submit their offer today.  The agent called and said the...
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Tips on How to Make an Attractive Offer

Tips on How to Make an Attractive Offer
We have now bought 15 bank owned properties and probably made over 1,000 offers on property! Banks and sellers are usually looking for more then the person who is willing to pay the most, but people they know will be able to actually close the escrow. The most important thing is to...
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