Inland Empire Wholesale Deal Sold – House #21

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?

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...

Title Insurance Binder – What is it?

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...

And finally House #4 is SOLD!

And finally House #4 is SOLD!
Just a quick post so I can finish catching up.  I am so happy to report that as of Sept 1, 09 we sold House #4.  We bought this house way back in October and it was an ambition project.  The previous owners had converted it to a duplex illegally and city code enforcement officers...

House #13 – Sold!!

House #13 – Sold!!
House #13 - Kitchen I am way behind on home sales posts.  13 is supposed to be an unlucky number, but this was a good one for us. We bought the property at the end of April, and sold it 131 days later for 2.5x what we bought it for.  It was listed for 4 days and we got 11 offers...

Make that Phone Ring

Make that Phone Ring
As we grow our operation we are constantly re-focusing our efforts on what is most important in this business.    The focus is make your phone ring in all aspects of this business.  Build relationships with asset managers, real estate agents, wholesalers, buyers and motivated sellers....

California Real Estate Auctions – Sell Properties at a Premium?

California Real Estate Auctions – Sell Properties at a Premium?
In July I was at a 3-day Real Estate seminar and one of the presenters was a California Real Estate Auction team.  When I saw them on the agenda I figured that they came to help banks liquidate mass inventory at great deals for investors. This particular company had the opposite...

FHA Loan to Close Within 30-Days?

FHA Loan to Close Within 30-Days?
I am constantly whining about FHA loans and the approval process.  My posts on “FHA 90-Day Rule … A Major Pain” and “FHA 90-Day Rule – Revisited”  outline my frustrations with the process. But now, I finally have something good to say about the...

Working with Random Appraisals

Working with Random Appraisals
If you have been following the blog, you probably know that right now our biggest problem is not finding a willing buyer, but getting a bank that is willing to fund the loan.  The rules have changed and appraisers now are our biggest challenge. Most of our properties sell to FHA...

Pulling the Best Comparables (Realist Tax)

Pulling the Best Comparables (Realist Tax)
A long time ago I spoke about how I used a very small part of Zillow to help with my price analysis.  They changed their site, to no longer allow quick sorting on their “Search Nearby Sales” which basically makes the tool a lot less useful for me.  But even before that...

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