The FHA Review Appraisal

The FHA Review Appraisal
If you have read my post “FHA 90 Day Flip Rule … A Major Pain” or the latest “FHA 90 Day Rule – Revisited” you will know that you cannot sell a house until the 91 first day of ownership.  So the thought is, if you wait the 90 days and put the property...
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House #5 – Closed Escrow Jul 30

House #5 – Closed Escrow Jul 30
House #5 has been in escrow since mid-April and the buyer was struggelling to qualify for financing.  Just as we where getting ready to throw the buyer out of escrow, they emailed us and said they are approved to draw loan docs!!  This was great news, but where not that confident...
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Is Staging an Investor Owned Flip House Worth It?

Is Staging an Investor Owned Flip House Worth It?
I was in a training class today with some other investors and the topic of staging came up.  The person leading the seminar only stages the kitchen and bathrooms (he mentioned he spends around $500).  Other of the attendees mentioned they can stage the entire house for $1,000. ...
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California 593e Tax Form

California 593e Tax Form
If you’re an experienced investor you’ve probably heard of the California 593e Tax Form.  If not, you will want to know about it. In California, if you have not lived in a property as your primary residence for at least 2 out of the last 5 years, you have to pay California...
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House #6 – Over 100 days in Escrow and Sold

House #6 – Over 100 days in Escrow and Sold
We received the offer on House #6 on 3/12/09.  The buyer was not very qualified, but I was slightly in-experienced and based on their lender approval latter, we negotiated and accepted the offer.  Everyone seemed very motivated along the way, so I thought we could make it work. Around...
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FHA 90 Day Rule – Revisited

FHA 90 Day Rule – Revisited
I have noticed a lot of visitors come to my blog when searching about the 90 day FHA flip rule, so I thought I’d elaborate a bit more on my recent experiences. We have closed five or six FHA transactions and have four more in escrow over the last year.  All fix and flips. You...
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California Escrow Companies – How to pick one?

California Escrow Companies – How to pick one?
So you’ve decided to get into wholesaling, flipping or the rental game.  Everyone has told you to get a strong support team ready to make your business a success.  Picking a good escrow company can make or break your business. To get to the basics, an escrow company is the...
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House #12 in Escrow – Appraisal Issues?

House #12 in Escrow – Appraisal Issues?
We received over 10 offers on House #12 in one week.  All of them over our list price.  That amazes me, there is just a huge lack of inventory in this market. Our escrow price is about 50,000 over any of the other good comps, so I am wondering if we are going to have appraisal issues. ...
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Should Investors get their Real Estate License?

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...
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What we got going on…

Sorry again for the lack of activity, I have been swamped with a couple other businesses I’m involved in and getting our existing properties into escrow. House #6: This house has been in escrow forever now, since March.  The buyer had credit issues that are now fixed, but the...
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