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I've got a 13 unit in San Bernardino and just sold my sixplex. I used to manage properties as far as Banning and sold some short sales of Temescal Rd. I'm speaking about my experience on June 18 in Fountain Valley. Check my website for the info or go to my meetup site here.
Do you wish you bought real estate in California when it could cashflow, between 2009-2013?
Do you know why real estate values in California spiked soon afterwards?
ITS THE MARKET CYCLES
But guess what? The same cycles that California goes through, happens in other markets across the country and you can take advantage of it.
Omar Ruiz is a commercial real estate investor and property manager, that’s been doing deals locally and in two other states and will be talking about how he uses the market cycles to guide his investing strategy.
Why real estate market cycles are important to your real estate investment activities and how the market cycle can help and hurt you.
What are Emerging Markets
When to get in and out of your market
How to keep an eye-out for changes in the market cycles
Different strategies to apply for different market cycles
How the expansion phase of the market cycle gets going
What causes the decline in the market cycle
The sources of information to know what phase of the market cycle you’re at
This will be an informative presentation covering a topic that is important for real estate investing.
As a bonus Omar will share one of his techniques for using the U.S. Census website to research distant out-of-state markets. This technique is something no one else knows how to use because he didn’t learn this from any real estate person but in college in his market research studies. This one technique could take the fear out of exploring other markets.
include at least an inspection contingency and financing contingency along. I'm not sure if they allow you a duediligence period on residential purchase but if they do get it.
I've never heard of smaller residential lenders offering non-recourse loans as its based on borrowers credit. It's mostly offered in the commercial space with gse lenders.
If you do find someone, please share as I'm sure everyone would like to know.
I don't think you can have them sign your contract before you take ownership. Most contracts have a clause stating that after the lease period ends, it turns month to month - verify this. After you take ownership you can have them sign your new contract.
