All Forum Posts by: Michael Evans

I recommend that you understand all of the roles that can be involved in a real estate transaction.

https://www.helpkeepmymoney.com/wp-content/uploads/2017/03/HKMM-Real-Estate-Transaction-Roles-revised-1-17-17.pdf

Become either a bird dog or a wholesaler.

I'm starting a real estate Investment group. PM me if you're interested.

Stay Blessed!

@David Faulkner I don't know what Antelope Valley you're talking about not appreciating. I've lived up here since 1994, and as a percentage of cost, the Antelope Valley has always been one of the fastest appreciating (and depreciating) markets in the nation. I have owned 3 homes in the Antelope Valley. The first one appreciated in value from $110k in 1997 to $140k in 2002. The second one appreciated from $200k in 2002 to $350k in 2004 and the last one appreciated from $418k in 2003 (brand new house, pre-construction price, built in 2004) to a high of $900k in 2006/2007.  The last house dropped to $350k in 2009.

So when it comes to appreciation in CA, you can't beat the Antelope Valley. My wife's house in East Lancaster appreciated by 14% in 2016.  They aren't building homes in the Antelope Valley yet, so the appreciation will continue until they do. Ride the wave!

Stay Blessed!

Lancaster and Palmdale won't pull back as much as they did in the '90's of 2008 because there isn't the level of new home construction (yet). I've been here since 1994 and I've seen it go up and down. The signs aren't there yet. My wife's house in Lancaster appreciated 14% in 2016. Basic economics, supply and demand.

Stay Blessed!

Feel free to contact me directly. I live in Lancaster, been in the Antelope Valley since 1994 and I know the market pretty well.

Stay Blessed"

Do you have access to any loan Programs where the minimum is less than $75,000?

The ARV is suspect.

There's not enough equity to justify the risk. The numbers don't work for our system.

Please contact me.