I want to Spec build in nicer nearby areas (redondo beach, hermosa beach, manhattan beach, culver city, los angeles etc).I hold a real estate license but do not have it hanged with a local broker.

I borrowed $100k on my HELOC to buy a lot and build a spec home in Edmond, OK.  

Hi Suhail-My husband and I own an LOC and build spec homes to sell or hold in DFW.

While I am mostly doing development, spec building and build to rent, there are a lot of opportunities locally for you. 

Personally I do not mind bringing business somewhere else, last year I bought 3,000 angle stops and 3,000 faucet SS hoses, sent them a sample/spec, HD sells them for $6-8/pc, supplier prices were $1-1.15/pc, spent another $.50-.60/pc on air cargo and etc.

I also force appreciation with each and every purchase, but my attitude is that if I'm putting that much time, effort, and risk into rehabbing a property from top to bottom to my specs and getting it dialed in and performing with a great long term tenant, then I'm keeping the darn thing, and choosing property that I think will do well with market increases in value and rents over the long term so that the optimal strategy is to keep it.Having said that, I'm not under any delusion that the SoCal market will go straight up all the time, and seeing as how it is a hot market now it would not surprise me one bit if it went down a bit in the not so distant future ... it is of very little consequence to me, though ...

The A/C people came out ( I had authorized them to do the seasonal cleaning and maintenance as well at the same time).I got the bill for the regular maintenance..but on the bill was a charge for 20.00 for battery replacement in the thermostat.

Electronic Lifts- disconnect the battery if leavingfor long term storage.K.

I know more of the iPhone's battery life and WiFi signal than the actual house as the pics are tiny.Here is the big question for everyone:Did the leasing agent take all the pics or did you?

Took us a while but we finally closed escrow on our latest flip in San Diego, CA (Del Cerro area).Specs: 4 bedroom / 2 bath - 2190 sq ftWe had quite a bit of work to do on this one.