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Earnest Money Deposit on REO Properties

When you submit an offer on any piece of Real Estate you will have to provide an Earnest Money Deposit on the property. This demonstrates that you are willing to take action on purchasing the property and you actually have the funds.Your deposit is a commitment to purchase the property...

Investor Buying Short Sales?

For a long time we have completely ignored even trying to buy any short sale properties. Typically the home owner decides to list the house with an agent they know and they just throw the property in the MLS with a super low asking price to attract an offer. The bank will take...

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 we talk...

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...

House #15 – We got another one!!

Happy Independence Day! This business is streaky and after missing out on the really good one I mentioned in my last post, I was a bit disappointed because I thought we had a really chance of getting it. On Friday we put in a really low offer on a 2 bedroom, 1 bathroom house and...

Finally got one!

Well, after many offers, we finally got an accepted one. This house is an okay deal and we most likely planning to wholesale it. We can probably make 60-70% of the profit we’d regularly make fixing and flipping versus wholesaling. It is a 4 bedroom, 2 bathroom with a pool. ...

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...

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...

Looked at 10 houses on Monday

The market sure seems to be hot with a lot more buyers than inventory. We are search to buy at least two properties in April, so we identified 10 properties that looked like they would meet our criteria. After spending three hours looking at them, I got home and ran some numbers. ...

The amount of REOs on the market seems low…

We put four properties in escrow in December, now the escrow’s are all closed, one is sold and another one of them is for sale. That means it is time to start looking again! So earlier in the week I pulled out my trusty MLS token and did a quick look to see what is...

Earnest Money Deposit on REO Properties

Investor Buying Short Sales?

Banks, where is that promised inventory?

Tips on How to Make an Attractive Offer

House #15 – We got another one!!

Finally got one!

Inland Empire Real Estate

Should Investors get their Real Estate License?

Looked at 10 houses on Monday

The amount of REOs on the market seems low…

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