All Forum Posts by: Ken M.

SO @Clint Coons, if they want to buy several houses like this what happens when they update their personal information yearly with their financial statement and tax returns?  The LLCs will show up on their personal return, as well as their individual ownership interest.  The personal financial statements require them to list every entity they have an ownership in as well as the percentage.  That would show the whole fake facade and possibly be cause for the due on sale clause being invoked.  Why not just be honest?  You could lie on your financial statement, but that is how Trump got his felonies.

@Anthony Pitruzzello, I would not use this method to purchase property.  The multiple entities, the yearly reporting requirements, the cost of setting the entities up, the book keeping in keeping them sorted, the registered agents, the FinCen reporting, well you get the idea.  It is easy to worry about so manyn things.  Your main worry should be finding an investment that actually makes ense, not worrying about minute details for one small part of your plan.  You need protected, but you don't need to live in an armored car.

Why days before closing do buyer's hire inspector for over $500 inspection, spend like all day poking and prodding at property's mechanics, then their agent send Repair Requests in the 10s of thousands of $ in repairs 

Usually asking for the total $$$ inspector recommended repairs add up to, and not settling for less nor for reducing the sale price by claimed amount? Clearly a reason to cancel escrow than give into the shakedown; but why don't they just come with a Contractor to quote them repairs in the first place?

I am looking for information on a inherited home and the cost to sell the home, what are the strategies that could maximize the sale, 

cost to consider like taxes, or other,

currently 2 people will own the home, 1 wants to keep the home for short term 2-3 yrs, the other wants the house gone as fast as possible,

Home is only needing cosmetic work, all systems and roof has been replace within last 2 yrs,  

I may not be asking the correct question since I have not faced this situation before, 

All responses are appreciated, 

Quote from @Ken M.:

San Diego's housing market is seeing a noticeable shift as more homeowners list their properties at reduced prices.

According to Realtor.com, the median listing price in San Diego dropped 4.8 percent year-over-year as of the week of March 8, 2025.

At the same time, active listings surged by 63.8 percent compared to last year, signaling that many homeowners are choosing to sell — even if it means settling for lower prices.

Still, Gerli says the rising inventory warning comes with an important caveat: California's housing supply is expanding from a state of severe shortage, and today just 0.6 percent of the state's homes are on the market.

Statewide, housing inventory in CA remains well below pre-pandemic levels.

 None of my core logic links seem to be working at this time (for the last few days - I question if something is wrong with their site), but going from memory the most recent YOY I saw from core logic was around positive 4% for San Diego.  I saw this within the last month on an article comparing 20 markets’ RE appreciation.

Neighborhoodscout shows San Diego at over 10% positive appreciation for 12 months and 2.45% in the latest quarter.   
https://www.neighborhoodscout.com/ca/san-diego/real-estate#:....  

I do not know how to explain the discrepancy as I consider each source reputable.

I look at RE prices in the San Diego market daily. My own feel (without having ran any numbers) is that SFR have continued at a slower pace of appreciation than the double digit that we may have gotten accustomed.. Residential MF seem to have fallen a little. Commercial MF like virtually all areas is down noticeably, but not down enough to have day 1 positive cash flow at high LTV.

The realtor.com data does not match what I am seeing (too pessimistic).  The neighborhoodscout data on the other side does not seem accurate (too high appreciation reflected).  Core logic seems to be most in line with what I am seeing.

In summary, 3 seemingly reliable sources have very different numbers but what I am seeing is continued crazy high values that require either a value add or long hold to make sense as an investment.

Good luck

So a seller has reached out to me and said they have a property and they cannot get a payoff because the lender will not talk to them. They told me in about a week they would be the court appointed executor. So would the mortgage company be obligated to talk to the court appointed executor? Also could a court appointed executor appoint someone as their POA as well.
 

I’ve been looking into different CRMs for our real estate investment business, and 8020CRM looks super promising, especially with how it’s built specifically for real estate investors. But the cost is on the higher end, and I’m having a hard time finding any real user reviews or testimonials online.

Has anyone here used it or is currently using it? Would really appreciate any insights on performance, support, and ROI. Was it worth the investment? Any major pros or cons?