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Updated over 2 years ago on . Most recent reply
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Looking for Battle Buddy! Subject To or Seller Financing
Just watched episode 527 and feeling so inspired by Pace Morby. I'm personally looking to relocate to the Los Angeles area, specifically Whittier, CA or surrounding areas to be closer to family. With home prices being so high and down payments unaffordable I'm thinking that using a subject to strategy or seller financing might work for my situation. Looking for friends or "battle buddies" as Pace calls them that are interested in looking into this together. Would also love to hear any personal stories on this subject if you do deals in California.
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- Rental Property Investor
- Clarkston, GA
- 1,918
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Beatriz, good luck in your moving and life style adventure!!!
You'll learn that gurus tout tactics that don't work in most areas!!! For many reasons they never mention. Everyone likes being a hero and looking smart. NOW that said I'm not saying that folks (like me for example) don't have helps and stories of things that worked that aren't useful to learn from. I'm saying that these stories don't come with enough context on where the worked and ..... WHEN. IE 5 yrs ago in a different market..
That said (again) CA is a different real estate world. It will take alot of mass exodus to switch from a sellers market to a buyers market and may never happen due to nice weather and places to visit. We just spent 2 weeks traveling along hwy 101 from LA to SF. NICE!! So high demand for $1m shacks will be with those folks probably for along time.
Your best bet is to join the local REIAs, real estate investor associations, find in meetup.org, and learn what works in that area. Most REIAs have an online/zoom optioon now so remote membership is doable.
I primarily buy subject to and have a free training doc on the complicated docs needed to close a sub to. connect, then pm me. I also like to help wil real deals.
Best of luck!! curt