All Forum Posts by: Joe Homs

Give me a call or PM me off line. Thanks

I will be there and hope to see everyone. The questions are fine with me.

@Sean Sterner 

Welcome to BP.  Just to let you know that the next Orange County meetup is this coming week.  Everyone is welcome.

Time of Event: 09/17/2014 at 07:00PM
Location: ROUND TABLE PIZZA, LAKE FOREST
Fee to Attend: Free

@Account Closed 

Welcome to the community of investors.  It's nice to see young people interested in investing and I agree with your father that you need to learn all you can about it.  I would also hope that you will continue your education and go to college.

Anyone can flip homes.  Its not brain surgery and all you really need to focus on are the fundamentals.  Once you learn that its really about the numbers (hope you like math) then you should prosper.  It all comes down to how much you can buy the home for, how much do you have to spend to fix it up, and how much you can sell it for.

What you need to learn in between all of that is how to get the best deal (usually at the court house steps), how to deal with the contractors you hire and keep the costs down (this is hard sometimes), and how quickly you can turn the property as time is money (especially if you are working with hard money lenders).

The next local Orange County meetup of investors is:

Time of Event: 09/17/2014 at 07:00PM
Location: ROUND TABLE PIZZA, LAKE FOREST
Fee to Attend: Free

Please make sure your parents know that you are attending.

Good luck and never ask if a woman can succeed in this business or any other.  YOU and ONLY you are in control of your life.  You get what you put into it and don't let anyone stop you!  Go Girl!

@Craig Norris

Welcome to BP and join us at our next meeting!

Time of Event: 09/17/2014 at 07:00PM
Location: ROUND TABLE PIZZA, LAKE FOREST
Fee to Attend: Free

@jameslee

In my experience its somewhere between 10-15% of the BPO value when the listing agent values the home correctly.  The problem is that many listing agents will list the home at a much lower rate to attract buyers that the BPO comes back higher than the initial asking price.  If you are going to concentrate on buying short sales, then make sure they are "Approved Short Sales" by the bank before wasting your time.

Good luck.

Don Sc hultz PM me for information. When you talk about flat fee broker, do you mean what the Broker will charge you personally per transaction? MLS fees are paid by the individual agents for access. We can discuss further off line.

@michael hinshaw

Just getting ready to list a similar home and I would suggest installing the higher end laminate (looks great and more durable)

Good luck

@Blaine Stolpestad welcome to the BP community!

See you at the next meetup!

Welcome @Lee Maneafaiga ! 

I will be starting a project next month in San Juan Capistrano.  You are welcome to stop by and ask questions if you wish.  Also, there is a local, free Orange County meetup that meets once a month primarily for networking. The next meeting is August 20th at 7PM at Round Table Pizza - 22722 Lambert St #1705 Lake Forest, CA 92630

Hope to see you there.