All Forum Posts by: Zaid R.

@lorraine, please keep us posted through this thread

Ewa makes a great point - 

There are quite a few duplexes on the market.

I use two websites to look at houses/listings in Lancaster: Redfin and AVrealestate.com 

Lancaster/Palmdale has areas that could offer you a good return for rentals - keep in mind that the area has a different lifestyle of living -  more of a family/commuter town than a hip/cool place to live.

West Lancaster (west of the 14) is great for families but wont offer you the cool returns east lancaster will.  And there's far east lancaster (further east than 60th east)  that has pockets that are viewed as less desirable/secluded territories  (close to Lake Los Angeles)

 To each his own of course,  just do your research before you lock yourself in for two years.  'live where you like to live,  invest where it makes sense' 

 A 3000 sq ft rental is huge,  most pros I know shoot for rentals between 1000 and 1600 sq ft,  easier to maintain and less people and things to manage. 

Leslie -

Here's a link to BiggerPockets' ultimate begginers' guide:

link

This should answer a lot of questions you might have about the different ways to make money in real estate

Good luck!

If it's not recorded the best source would be the lender/note carrier. Second best: the owner

First purchase at 28

 I wanted to echo what Jimmy said. The last auction I was at was an auction.com trustee sale in los angeles county (norwalk). I want to say 85% of the properties ended up being postponed and the ones left people paid way too much for.

The biggest concern (other than the price) would be title issues. Unless you've been in the game for a while or have someone trust worthy that can walk you through it maybe your time would be better spent on other properties (like directly from sellers or the MLS)

In my farm area fire damaged houses are very few, I've used hand written notes and sent those to property owners.

A blanket (we buy properties, any condition) would also so the trick. Good luck to you 

I think if you're focusing on being a landlord pursuing your license might be counterproductive, especially that it will take away from the time you can spend landlording or finding more units

ListSouce has solid leads but I've always found them to be expensive. II personally use agentPro247 - I pay $20/ a month and can search for and download 2000 records a month, definitely worth looking into (i'm not affiliated with the site, just a happy customer)