House #73 Rehabbed and Rented Up

House #73 Rehabbed and Rented Up
We set pretty ambitious goals with this house, basically hoping for a 10 day minor rehab and to have it rented up with a paying tenant for March 1st.  As of Friday, we got both those accomplished. The rehab turned out really well, see pictures attached.  We don’t do a ton...
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Real Estate Gurus Blast from the Past

Real Estate Gurus Blast from the Past
I ran across these videos from late night guru Tommy Vu. These are pretty funny if you got some a bit of time on your hands. Some of the quotes he was famous for: “Are you man enough to get off your lazy American ass and go to Vu’s seminars?” “A lot of your...
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Resolution to Purchase when Buying in an Entity

Resolution to Purchase when Buying in an Entity
Every so often when buying a new property the escrow officer will email and ask me for a document called a Resolution to Purchase.  I said that I would provide one, I had a general idea of what they where after, but I had no idea what it specifically need to say and what was required. After...
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Cash Buyers a Big Percentage in California

Cash Buyers a Big Percentage in California
The Wall Street Journal released an interesting article about the number of cash-buyers in certain markets. They show Stockton, CA which is quite a depressed market at 29%, that is where I guess the Inland Empire would be.  Los Angeles County is at a more reasonable 18.7%.  They...
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The Two Latest Rentals

The Two Latest Rentals
Here are two of the rental houses we picked up January. Both of these houses are the same model, built in the 1980′s, 3 bedrooms, 1 bathroom and should make fine rentals. The one on the  left we rented this weekend to someone who drove past the house and talked to one of our...
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Jan Month-End and a Busy Start

Jan Month-End and a Busy Start
Sorry, I have not been blogging very much at all.  January has been extremely busy! 2010 was a great year for us. Here is what happened in January: We sold 1 property. We bought 6 properties. We rented 5 houses (4 were new purchases, 1 was from a move-out after the lease ended). We...
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