Buy Rehab and Sell in and around San Jose, CA

[Siraj Syed]

Hi All,

I have a HELOC from my Primary Residence 280K.

I can take a Loan also. I live in San Jose, CA and i am ok to invest in 1 hour of driving distance from San Jose, CA.
The purpose is Buy, Rehab it and Sell it. 
Kindly share your thoughts.
God Bless.
Siraj

[Keonnee Linnell]

Hey Siraj, I'm an agent that also works with Flippers in the area. We primarily get our leads from our own marketing and wholesalers who bring us deals daily. Your best bet would be to get in touch with a network of wholesalers and agents in the local area to send you their deals when they get them.

Another thing I want to note, the market has changed again and I am urging my investors to take 10-15% off the After Repair Value to compensate for price reductions. Only use comps from August/September, and make sure you calculate your numbers with 12% profit in mind.

Happy flipping!