2009 September | Build Bankroll

Confidence and Real Estate Investing

I just read a great forum post on Bigger Pockets and it really hit home with me. Check out what Eric Medemar wrote, “Failing at Investing.” I have spoke with Hundreds and hundred of wanna be investors and I can tell you in 99% of the cases the trouble has nothing to...

Rental House – House #19

Soon to Be Kitchen House #19 is going to be our second rental property. Remodeling should be complete in 2 weeks or so. The picture to the left is what is going to be the kitchen. The layout of this house was really bad, it had numerous code violations and the asset manager was...

Inland Empire Wholesale Deal Sold – House #21

We closed our sale escrow on House #21 yesterday. The time line when exactly as planned out in my previous post. The investor who purchased the property is on of the largest in the area and buys a lot of properties, so hopefully we can sell him a couple more. The profit margin...

What is Transactional Funding?

If you are into or looking to get into wholesaling you will want to know about transactional funding. A bunch of third party companies have set themselves up to help investors get this process done. Transaction funding is made for investors who would like to wholesale properties...

Rehab Update on House #17

In Progress Picture The farther House #17 comes along the more I like it. Here is the latest picture from today. We put stucco over the bricks on the garage on added stucco and some design over the pillars that hold the porch up. Obviously, we need to do our color cote on portions...

Title Insurance Binder – What is it?

Not knowing what a title insurance binder is cost me a lot of money early on. When buying a property escrow companies work with title insurance companies, to ensure that the house your buying doesn’t have any liens on it and if it does that they are paid off by the existing...

California Foreclosure Moratorium Ends

On September 15, 2009 the California Foreclosure Moratorium officially ended. The California Foreclosure Prevention Act (Assembly Bill X2 7) was meant to fore more banks to negotiate loan modifications and short sales with existing home owners in default. Most major banks ended...

Rehab on House #17 Coming Along…

Just a quick post for today. We closed escrow on House #17 about two weeks ago and we are already rocking away on the interior paint. The previous owners added about 500 sq ft that was permitted, but the roof they had needed to be totally redone. We have finished this. Kitchen...

Passive Income Goals and the New Investor

I frequent a couple Real Estate Investing forums, and overall, I think they are great. Bigger Pockets is my favorite, they have a great mix of characters. A lot of full time investors (way more successful then myself), some newbies and a lot of real conversations. Being a member...

Inland Empire Wholesale Deal – House #21

As I mentioned earlier we went through our options on House #21 and came to the conclusion that we had many good options, but wholesaling it was the highest on the list. We’ve bought eight houses in the last 6 weeks and really don’t want to have six retail properties...

Confidence and Real Estate Investing

Rental House – House #19

Inland Empire Wholesale Deal Sold – House #21

What is Transactional Funding?

Rehab Update on House #17

Title Insurance Binder – What is it?

California Foreclosure Moratorium Ends

Rehab on House #17 Coming Along…

Passive Income Goals and the New Investor

Inland Empire Wholesale Deal – House #21

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