All Forum Posts by: Andy P.

Fantastic post and insight with supporting content. Much appreciated! Exactly the reason why I posted here to begin with to receive solid information. It opened my eyes to some good ideas + data. Thank you for the insight on the open school enrollment, fairly new parent here so this was also very helpful.

Regarding the last comment, I can say that I am obviously making a short term speculation and I'm aware of it. But, sometimes, in business and in life you go with a gut feeling, and it pans out or it doesn't, either way on this one, it won't destroy me, its an upside. 

That being said I do have the ability to get into the construction or rehab of a property at a large discount due to direct pricing + connections with builder/contractor subs and its another reason I am thinking of selling and redirecting that money into a new construction home or ground up rehab build. This will hopefully build substantially more equity if i find the right land or home. 

Why would I need to do that?

If so, wouldn't it than justify selling and utilizing the cash to buy in at lower pricing and getting into the investment game without the necessity to leverage with large amounts of credit?

 I guess I'm old fashioned in my way of thinking and like to avoid getting to deep into the loan/credit/lien exposure... 

My house meets my needs to a certain extent, the school district is not the best and will most likely need to invest in schooling for our children which is a sizable investment in the short to long term, if I were to move to a better school district than this cost would be avoided for a certain period of time. Size is decent, could do with one more bedroom and our floor plan although good is not ideal (not really a big deal). 

We could swing renting it out but would need to work out the numbers. Does anyone have a link to a thorough analysis for renting a home? 

@Jim Blackburn - thank you for your input and I am with you, LA seems to be a BUY/HOLD market. But, there has been such a rapid expansion in housing prices over the past 1.5 years, especially in my area, it's mind boggling. For example, last month a 1,400 sqft  that is practically a full home reno, with a small lot and no view, sold for the same price that I bought my new construction home at 2,300 sqft which has views and significantly larger lot and much better finishes...?! 

I know this is a "what if", yet it seems logical... Do you think that at this point in time with interest rates rising and other potential domestic and world economic influences we could be seeing a correction in housing prices soon?  If so, wouldn't it than justify selling and utilizing the cash to buy in at lower pricing and getting into the investment game without the necessity to leverage with large amounts of credit? At the end of the day isn't the investment games end goal typically Buy Low / Sell High or Rent High... I feel that in order to see significant growth gains on housing from current levels, it will quite a long time before we see further growth...

I am debating if I should sell my current home, realized strong growth in equity in the past 1.75 years of owning it, amounting to $230,000 - $380,000 (low sell / high sell - according to my thorough research). I would sell at the 2 year mark. 

If I sell now I would wait patiently and rent for about a year and see if I can:

1: Capture another solid deal on my home

2: Purchase investment property with excess cash to Buy/Hold, Fix and Flip, or Rental 

Any thoughts on what you experienced RE individuals would do? 

Searched quite a bit more last night on this forum, found the "FSBO contract" turned out some decent results.

Would still like some input regarding purchase sell agreements and if anyone has a template, that would be great. Thank you

Also, I want to close with him tomorrow is there a basic purchase letter template that I can use that states his acceptance to sell and hold the property? 

There are still a few inspections that need to be finalized before COO.

Hi All, 

First post here and did some research without any luck.. We are newlyweds and this is out first home buying experience, hoping you can help steer us in the right direction.

I am in a position where I am buying a new construction SFH directly from the builder, without agents involved. The house is 95% finalized and the COO is a few weeks away.

My questions are:

• We are in the state of CA so a real estate attorney is not required. Do you recommend for us to use a Real Estate Attorney? If so, what services should we contract from the attorney?
• Any other insights or recommended readings would be highly appreciated

Thank you all in advance!