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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So You Flip Houses…

So You Flip Houses…
I try not to tell people what I do for a living.  Not because I don’t want to help people, but they always ask the same questions. My (name of a relative) is a real estate agent and I’m trying to buy a property to flip. I say, “That’s great, where are you...
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House #45 Listed

House #45 Listed
We’re moving along here slowly but surely.  House #45 is completed and just got listed. We enclosed the carport to a full garage and it is now officially 5 bedrooms and 2 bathrooms. Unfortunately, I don’t have great pictures of this one. Outside – Before Garage...
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Who are Real Estate Auctions good for?

Who are Real Estate Auctions good for?
Before I become a full-time investor, I was like everyone else and associated auctions with “good deals.”  The longer I am in this business I am not as sure. Real Life Example #1 Two weeks ago, we went to a 3 house auction in California.  Two lower-end houses and one...
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Too busy to blog?

Too busy to blog?
I send out apologies to the blogosphere, it has been a while since I have even thought about the blog.  I try to post every other day, but clearly I am not succeeding that apartment. Here is an update: - Since I lost posted we have been working very hard on buying more properties. ...
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Shadow Inventory, to stay a while?

Shadow Inventory, to stay a while?
Sean O’Toole is the creator of Foreclosure Radar and just published a very interesting article on his blog. Here in CA we have one million homeowners who are already delinquent, and we seem to be clearing about 25-30k a month based on foreclosures and short sales (which are...
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Dealing with the, “If only I could’ve…”

Dealing with the, “If only I could’ve…”
The longer I have been in the business, the longer my, if only list gets. If only I came up the $500 the agent told me and bought that property. If only I trusted my gut and bought more rentals. If only I kept that property instead of selling it. etc Right now, you’d look...
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Shopping for Properties – 6 Offers Today

Shopping for Properties – 6 Offers Today
We’re out there shopping for property like crazy.  Today alone we sent in 6 offers, plus did verbals and follow up on 10 more properties.  Since we sold our big house we have some cash and are trying to buy 4 or 5 in March. I do have one escrow that should close on Wednesday...
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I am ready for the weekend!

I am ready for the weekend!
What a busy week in the land of California real estate investing.  I closed on three purchase escrows this week alone and put two more under contract.  If you’re counting that should make 5 purchases for January.  So we are getting a great start to our 2010 goals. Three...
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Happy New Year – Real Estate Investors

Happy New Year – Real Estate Investors
2010 is upon us! After we have been in business on year (Sept – 08 to Sept 09), I made a post that summarized our results.  I will post similar numbers for Jan 1-09 to Dec 31-09. 2009 was a great year for us. We purchased 20 houses, for just over $2,000,000. We sold 12 houses,...
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