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17 October 2024 | 6 replies
There are new laws affecting California transactions in 2024, some of which are very relevant to investors and house flippers.According to the California Association of Realtors, starting July 1, 2024 most 1-4 unit properties that are resold within 18 months (aka flips) must disclose:- repairs, renovations, room additions and structural modifications that were performed by a contractor with whom the seller entered into a contract- the name and any contact info for the contractor for any work over $500- any permits obtainedSo you still can be an HGTV star, just make sure you do it by the book. :)Have any of you flipping in the Los Angeles area been affected by these new disclosures?
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20 October 2024 | 3 replies
I'd also go in with your own agent.I'd bet the listing agent's company is keeping the deposit even though it is meant to be in trust.
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15 October 2024 | 2 replies
Should I hold onto as much of it as I can and bet on a combo of cash flow and appreciation for the long term?
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18 October 2024 | 3 replies
Any delay or failure in the performance by Landlord hereunder shall be excused if and to the extent caused by the occurrence of any event that is beyond Landlord's control, such as fires/ floods, earthquakes, wars, sabotage, terrorism, vandalism, governmental acts, injunctions, or labor strikes, acts of God and any other occurrences that are unavoidable or unpreventable despite reasonable efforts to prevent, avoid, delay, or mitigate the effects thereof."
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19 October 2024 | 14 replies
Going to meetups and conferences in a market you live in or are interested in investing in is always a great way to get a good sense of what it is like investing there and seeing how your property could potentially perform.
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23 October 2024 | 22 replies
If you can start with a 2-4 unit house hack and add cosmetic rehab that’s your best bet to get your feet wet.
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19 October 2024 | 7 replies
You want overnight money, go bet on penny stock small cap biopharma and biotech stocks.
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17 October 2024 | 1 reply
A lot of borrowers shop lenders for days to find the "lowest rates" just to find out 3 weeks later that the lender cannot perform on their promise.
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18 October 2024 | 7 replies
I bet it’s less than 1/2 the cost of solar to go this route.
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18 October 2024 | 15 replies
I have contacted them multiple times about the performance with little to no change.