House #39 – Painted Up

House #39 – Painted Up
House #39 is flying along.  The painter started Tuesday this week and is almost done the inside and about half done the outside.  We should be done at the end of the first week of August and looking forward to getting this house on the market. I have added some preliminary before...
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How not to submit offers – Liberty Acquisitions – Jon Long

How not to submit offers – Liberty Acquisitions – Jon Long
Hey Jon Long, of Liberty Acquisitions stop sending me automated offers. I have gotten an offer every 24 hrs on all of my houses in a certain city.  Clearly they are automated and come in at the same time.  The offer is about 40% of the list price. I am writing you today in response...
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House #46 – Location Problems? Before and After Pics

House #46 – Location Problems? Before and After Pics
I have not written about House #46 yet, but it is a bit unique.  It is one of the few houses we have purchased with genuine pretty bad “location problems.”  Normally, we probably would not have pursued this house at all but an agent we work with quite a bit got the listing...
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Latest Inland Empire Real Estate Deal

Latest Inland Empire Real Estate Deal
It has been a pretty boring week.  The market is a bit slow, still getting a couple calls on the stuff we have for sale and actually got one or two decent offers so that looks promising.  We are lowering what we’re willing to pay again, pricing us completely out of a lot of...
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Singe Family Landlord’s Review of Buildium

Singe Family Landlord’s Review of Buildium
If you’re a regular user, you probably know we self manage all of properties.  When getting started I wanted the ability to accept ACH payments so our tenants could pay electronically.  After much research I decided to go with Buildium. First of all the Landlord edition is...
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Investors You Need to Write Clean Offers to Banks!

Investors You Need to Write Clean Offers to Banks!
I recently listed one of the houses we purchased on the MLS with no repairs, asking for a cash-only investor. Trying to wholesale real quick via the MLS.  Sure enough, I got a ton of phone calls the first couple days and some interesting things happened. The lock-box combo is not...
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Inland Empire Real Estate Market Update

Inland Empire Real Estate Market Update
The times keep getting even more interesting for all the Real Estate Investors out there.  It seems like pending sales have crashed and retail buyers interest is slowing down.  Most investors haven’t got the memo and are still putting out tons of offers. At this time we don’t...
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House #39 – Latest Videos

House #39 – Latest Videos
House #39 is progressing very well. I hope you aren’t sick of me talking about it yet, but it is our biggest rehab to date.  We are passing inspections often, and should only have two left.  Drywall nailing inspection and the final inspection.  On Thursday, we passed the...
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A Typical Junker – Flip This House

A Typical Junker – Flip This House
Here is a house we tried to buy pretty hard. It is in awful condition. It was built in the late 1950′s.  It is 800 sq ft and a 2 bedroom, 1 bathroom on a good sized lot.  The house needs about 25k in repairs to make it rent ready. At the end of the day we missed out on this...
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June 2010 Summary

June 2010 Summary
June was a great month, we put a ton of properties under contract.  Sold a house and bought a bunch of houses. I am a bit uncertain about the market right now, it seems like the retail buyer action has cooled a bit.  Investors are even more aggressive, so the margins have completely...
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