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All Forum Posts by: Elizabeth Einecke

Elizabeth Einecke has started 11 posts and replied 24 times.

Post: New Investor In Northern California

Elizabeth EineckePosted
  • Investor
  • Myrtle Beach, SC
  • Posts 26
  • Votes 2

Hi James! Nice to meet you! I tried to PM you, but I need 10 posts. I am not teaching now, but might need to do something soon to get some $ flowing in while I continue to work with RE.

I have only been working preforeclosures. I am now continuing to work those and look at other properties. I see an opportunity with REOs and with other properties that have been sitting on the MLS for months.

The problem for me is typical for newbies......Paralysis by Analysis and needing immediate cash. Anyway, I am itching for my first deal, but I am scared.

As for financing, I have access to a 100K HELOC. I also have good credit, but no income now:) I would also consider hard money if the deal was right. I am a sponge and am open to any advice you have.

Are you involved in any clubs? I plan on attending clubs in Walnut Creek and San Ramon this next week. I have been way too isolated and want to meet others who are doing what I do.

Thanks again for the reply!!!!! ave a great day!

Post: New Investor In Northern California

Elizabeth EineckePosted
  • Investor
  • Myrtle Beach, SC
  • Posts 26
  • Votes 2

Hello All! I recently jumped into the investing arena after relocating from Southern to Northern Ca. I was in education for 19 years prior. This si all new to me but SO interesting!!! I have been contacting mostly people in foreclosure. I have come close to buying a couple of houses but the deals fell through at the last minute. I am continuing to work foreclosures but find the negative emotional side of it hard. Some of these people are really angry! I want to branch out into some other arenas. I have been looking at properties on the MLS that have been sitting for months. I also am interested in multi units. Any advice/words of wisdom are appreciated. Thanks in advance!!!

Post: How to determine ARV?????

Elizabeth EineckePosted
  • Investor
  • Myrtle Beach, SC
  • Posts 26
  • Votes 2

I appreciate all the feedback! I'll be out driving today and talking to realtors at open houses this weekend.

Post: How to determine ARV?????

Elizabeth EineckePosted
  • Investor
  • Myrtle Beach, SC
  • Posts 26
  • Votes 2

Hi All! My question is how to set the value of a home after you make repairs. I have been looking at sold/active/pending comps on different properties and they are all over the place. Any advice is appreciated since I am new to all of this! Thanks in advance!