Hey everyone, was wondering how much success people have had lately flipping houses in the Los Angeles area (including Orange County, Inland Empire, the Valley)?  

I am looking to build 2 more teams in the Los Angeles and Inland Empire areas for investment properties.

If you have to connect into sewer for instance and the owner next to you is not cooperating it can get very expensive to run alternative piping and a lift station etc. to make the project work.So most developers will get everything agreed in place and terms before they go "hard" with any non-refundable money.Otherwise one wrong thing happens and the project tanks and you lose your earnest money.As a developer you never let a seller hold your earnest money either.Even though by the contract they are obligated to give it back sometimes they already have spent the money or they make you take them to court and chase them to get the money back.This hinders your ability to now pursue other deals as you have money and time chasing people down.This is especially true in land assemblage for multiple parcels where you might have hundreds of thousands of dollars of earnest money on the line with multiple sellers.My experience working with a commercial developer for a few years and going to all the meetings and helping assemble the land.

I am in Florida and that is the case for inland and properties in coastal areas.

I'm all about a Ramen noodles budget and building an empire. 

Now that you tell me they have strict guidelines and long processes I less interested in Land Bank homes.

More recently I have invested in land in California from a different self-directed IRA.

If the testimonials can be backed up by empirical data I'm sure many of us would jump at the opportunity of investing.I know that one can get the same leads cheaper but the question I would ask myself is how much greater the deal flow being in HomeVestors is than doing it on your own.

Empire title in Colorado Springs is great -Michael Podoyak can get you in the right direction. 

I personally own most of my properties in Land Trust.The con is that it makes refinancing a problem for most lender.