All Forum Posts by: Mujahidul Huq

With the state-wide rent control in CA, how are you as a fix-and-flip investor or landlord in CA effect you? Will this policy affect your business model negatively?

Thank you

0 Votes

@Gadiel Del Orbe, if you are planning to live in the house for a long time, it wouldn't matter if the market crash, because it will go back up.

1 Vote

@Alex Marquez, try finding a seller who is willing to do seller carry back. And maybe you can split the profit with them to go towards deferred downpayment.

2 Votes

@Stephen I, I have experience with them. They are great. Now, if you are getting rehab funds, their process got a bit different over the years. Never the less, they are great.

1 Vote

My degree is in sociology. And honestly, any knowledge that you gain, regardless of industries, you can use it towards real estate. A degree is not necessarily about the facts you learn, but about how to transfer that way of thinking in our interconnected world.

2 Votes

Hello, my name is Hawk. My company gets a few private inventories for investors like you.

We would love to invite you to our office in Playa Vista or meet up with you at your current project to see what kind of properties you invest in.

Let me know when we can set up our first meeting to being our first step of a thousand transactions.

Hawk

0 Votes

Originally posted by @Eric M.:

Originally posted by @Mujahidul Huq:

For a while I've noticed that many investors avoid listed properties, even if the deal is way below the threshold of what the investor usually buys. And top it all off, the price is much higher than the listed price.

What is the reasoning behind that?

If I understand you are describing a situation where the price of a listed property is both much higher than list but way below investor buying level?

That would be unusual in most places but you California people do like to play games with your list prices to create bidding wars. Sometimes you treat RE listings like Ebay auctions. Start the list price super low like a minimum bid to encourage interest and watch the price climb. If that was the case, being much higher than list would not necessarily a good indicator of value in your state. However, some investors have a "bargain" mentality so paying way "over list" is simply not something they will consider....it goes against a core belief, even if it still appears to be a good deal on the surface. I am probably one of those investors. I would not be winning many bidding wars.

Yes and no. The listed price is fair for market value, but due to fash closing the seller is willing to selttle for less, which is investor's threshold.

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Originally posted by @J Scott:

I don't know too many investors who won't buy a listed property if they can get it for a price that makes sense. That said, most listed properties don't sell for prices that make sense to an investor, simply because the public exposure creates competition and the fact that most listed properties are also being looked at by retail buyers, increasing competition even more.

That makes sense. Guess many don't realize that even non-listed properties have competition.

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What is the reasoning behind that?

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All Forum Posts by: Mujahidul Huq

Mujahidul Huq has started 5 posts and replied 20 times.

Post: Reviews and Feedbacks on Lendinghome.

Post: Roll Call-- CA Rent Control Policy

Post: Warnings of Recession

Post: 20 years old with no money. Is it possible to get a...

Post: Reviews and Feedbacks on Lendinghome.

Post: I'm a Real Estate Investor, but my Degree is in...

Post: Attention Los Angeles Investors!

Post: Questions for active investors

Post: Questions for active investors

Post: Questions for active investors