It's nearly impossible to finance them.

The other objection is that CA is so tenant friendly, it is impossible to do business here.

I don't think it's impossible to see that this country is going under and great amount of families will be affected.

Without seeing your numbers, it is impossible to say if you have a good deal or not.

If you don't pay them back within the specified time frame, they can foreclose on the property.It's really impossible to identify an average return on investment for a flip here.

I have entered a comfort zone with most of my subs and the relationship and accountability is almost impossible to replace.

The second office listed in the link below does a lot of investor loans for turnkey buyers from CA. https://www.firstplacebank.com/LocationsByTown.phpIf you're ineligible for conventional financing for some reason, then in my experience you (as an out-of-area borrower) will find it almost impossible to refinance through a local bank with a portfolio/commercial loan.

In Aaron's scenario of getting $5K down on a $25k house (aside from the near impossibility of finding a buyer in a $16K-neighborhood who has $5K lying around): This means the buyer would have 20% equity in the house, so one of the main benefits of doing a land contract (versus a mortgage) is eliminated.

(I would dare say near impossible) Is that about par for the course up in your area?

One problem is that in Oregon it is hard if not impossible to find a good rental that will cash flow well with 20-25%.