I am looking for investment properties in the southern california area.
2007-02-26 01:59:33 · 7 answers · asked by ferrazport 1 in Business & Finance ➔ Renting & Real Estate
research...ads, drive arounds, foreclosures, auctions. If you look up north I just might sell you mine...1.1 mil cheap...or my friend's for around .9 mil. I know...it's sad but in the bay area people are resigned to talking in mils. A true rat race predicament. One of those days I'd get off this rat race ... run away somewhere and enjoy the beach and the love of my life.
2007-02-26 02:06:01 · answer #1 · answered by McDreamy 4 · 0⤊ 0⤋
well there is you and about 5 million other people looking for a deal. You have to have your finances all set. A letter of credit maybe. You have to know value of an area and find a run down property. If you go through a RE agent have them look up listings that have been on market for over 120 days as a start. Usually an out of date house with original owner is a start because now everybody wants a house thats been updated. Nobody wants to do anything. Buy it, rent it for 1 year, fix it up and then sell.
2007-02-26 10:12:02 · answer #2 · answered by zocko 5 · 0⤊ 0⤋
Very simple, you go out and shop the market till you become an expert. When you know the property value after spending 10 minutes in a building you are ready to start.
I would go out and make 15 offers a day on properties. I would look for properties that are priced by the owners at 10-15% under what YOU think are market values and offer 20-25% less. Your train will come in if you practice patience.
2007-02-26 10:21:00 · answer #3 · answered by jazzpaging 5 · 1⤊ 0⤋
You might have to look for foreclosures property or possible fixer upper property's or if you have cash to buy the property, because people look at the money than waiting for their money. I' am looking for investor's to help me out. visiondream1@verizon.net.
2007-02-26 10:16:02 · answer #4 · answered by Big and small problems 2 · 0⤊ 0⤋
Try the website below
2007-02-26 21:44:44 · answer #5 · answered by Alex K 2 · 0⤊ 0⤋
Look very carefully, and be on top of all new homes on the market. They will move very fast at that pricing
2007-02-26 20:42:56 · answer #6 · answered by frankie b 5 · 0⤊ 0⤋
Shop carefully. If they were that common, though, people would be getting them before you or they'd be so well-known that the value will escalate.
2007-02-26 10:13:21 · answer #7 · answered by kingstubborn 6 · 0⤊ 0⤋