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Views from Southern Cali, I opposed to an open boarder policy because basically it is already pretty much so open due to the lack of border patrols here in california, and if you pass this law it just basically justify what they have been doing is right. The mexicans come across the border illegally now because they know they can without getting caught. There is a MAP that they can get from the Mexican government on how to get to the US safely.

Alot of people say oh they are doing alot of the work that you or I wouldnt do, well that is so not true. Most of them are just hanging around Home Depot and other hardware stores looking for day laboror jobs. So it is the Contractors that are exploiting them because it is a cash job. Aside from that maybe some are dish washers and what not. The ones that you do see such as gardeners and such, the boss is probably legal and it is the boss that is hiring the illegal ones and exploiting them. I dont really see a real corporation would hire any illegals because its too much of a risk for them to do so.

Now if an open border policy is to occur, there will be more illegals hanging around the parking lots of all major home improvement type stores and I see a problem with crime to follow when not enough of these jobs are available. Its a matter of supply and demand. There would also be a major increase in DUI accidents because it is a known fact that mexican loves their tequilla and when there is nothing better to do, they start drinking alot. I do have friends that are mexican, so I know it is part of their culture and I am not being a jerk about it either.

The ones that are in the US legally I have no problem with because they pay taxes just like all of us. And they show their true intentions for this great country of ours by legally getting their papers, legally paying their taxes and legally having families here in the US and contributing to our economy and becoming an American. Alot of the illegals only come to the US to work and send all their money back home to mexico or they would go to mexico after a few months to spend it.

Why should the mexicans get special treatment if others in the world arent, even canadians dont get amesty if they decides to stay for over 5 years in the US because my Wife is a canadian and we have to go thru the whole legal process to get her her visa in the US. Going thru this process is a pain but it does support our government because the fees and forms to just get her here cost me almost 2000 dollar which I was happy to pay because I know she is already doing her part that makes this country great. Granting everyone amesty or having an open border isnt the answer.

Hey Geeco, welcome !! I also just found this awesome board recently and yes people are very helpful here. I guess there are quite a few of us Cali investors on this board, maybe the Admin can put a new subboard for us Cali people so we can somehow network our resources and idea on where to go from here.

Alot of the people from this board are in a totally different boat then we are atm in the market. I am still totally at lost on deciding where to invest my money or credit. Maybe us cali people should start sharing some ideas about where to invest and maybe even build potential partnerships. I hear about opportunities in Utah, Ohio, MI, IL, NY but the main problem I do see with this is I dont really know the area which would then kinda break my rule of investing (Dont invest in what you dont know). The only way for me is now research on the internet or call my relatives and friends that lives in those states but yet alot of times they dont live in the specific area which I think might be profitable. So again thats hard to guess if buying a certain property that looks good on paper but maybe in reality is a real dump or vice versa.

If anyone can share their insights and thoughts on this matter, please do and if the Admin can give us an area to do this it be really great.

Places that people claims to be good but I dont think so: NV and AZ are the two most talked about states here in Cali, but the truth to that matter is I think the reason their prices went up is from people in Cali after getting rid of their properties and using NV and AZ to escape from taxes. So pretty much now its the end of the rope there, and the hype people are still talking about basically they are just stuck holding the bucket.

I know the feeling, I myself is in Pasadena, Cali. Alot of people just dont feel what we are feeling here in southern california atm. Quick example, if you want to buy a SFH in Compton or South Central, you are talking about 300k-400k get the picture?? So I also am forced to look out of state, and I also am a newbie but I am determined.

Thanks for the advice dcg123, I really wish I can fish in my immediate area, but the sad truth remains the same in LA, Cali. There is nowhere that you can purchase any investment properties that is going to turn a positive cash flow. And with the market slowing down, and prices starting to settle, I dont think this is the best market to be flipping atm.

I researched into multi-units here, in a not so hot neighborhood such as the Hawthrone area, a 4 unit is going to run you anywhere from 800k-1million+ which can only be rented out for I say around 800ish per unit. So there is no cash flow whatsoever.

The medium price now for a home is 480k for a ghetto 1 level house with 4 walls and a yard, the better looking ones are at 600k and the NICE houses are at 780k-900k. So basically if I can invest in LA, I would have but at this moment there is just no way I am going to take on such a big gamble on a slowing market.

Thanks DK, yes I been trying to read as much on this site as possible. This site is truely a great portal of knowledge for anything REI. Keep up the great work guys.

They do count, but I dont think its as severe as a bankruptcy. A bankruptcy is considered a public record and stays on your report for 10year where the student loan would be considered as an defaulted account which will stay for 7 years.

That is illegal for them to do, it violates the FCRA and entitles you to $1000 per violation either by the credit bereaus or the collection agency or even by the original creditor.

You need to find out who, has your account, then basically you send them a proof of verification letter to have them confirms that if fact you do have a written contract with them. The FCRA requires them to show you proper written proof of a contract with your signatures and other info on a black and white paper. If they are not able to provide you with that proof, then they must report to the credit companys to have that item be removed forever off your credit report. After you do send out this letter, if you get no response in 30 days, you then next put in a dispute to the credit company doing the same, asking them to verify this information. Again if they fail to comply they are also violating federal law and agian another 1k bucks.. anyhow just a brief idea of what you should do. I followed the same method and my score again is now 734.

john

Nope :mrgreen:

I would dispute the information, since you know it is false. 1 collection = 25-30 points on your credit report.

No, dont pay for it, because if you do you are admitting the account is yours and all the credit berearus with do is put a PAID as Agree, and you will still have points deducted.

I used to not take action but I was able to clean up my own report all the way to 734 from 590.

I am looking to invest around 25-30k hard cash into something thats either flipable or long term. Now since the market here in LA, CA is through the roof and impossible to provide any positive cash flow, I decided to look elsewhere in the country. I am either thinking of buying distressed HUD 2-3 units home and rehabbing it, or purchasing a 2-3 units near a well known University and collect rent. Which is a better option for a out of state investor such as myself??? Any advice or input greatly appreciated, since I am a newbie that never even own a home.

My goal is to creat positive cash flow, and hopefully owning at least 5-15 properties in the next 5 years, be able to quit my full time job to spend more time with my family and be in this rewarding hobby call REI.

BTW the cities I been looking at are:

Buffalo, NY - But probably wont do it after I talked to a few people that still have families there

Ithaca, NY - I am leaning forward to this but worries about an exit stragtegy if something was to go wrong since the last year I think only 135 homes were sold.

Ohio - not sure where yet.

John