Randy King, all HUD bids are selected by computer, they don't care what your other bids have been.

Well, I'm no expert outside of CA.

Many California based investors troll the websites of Texas, Arizona and Nevada REIAs to find deals.

Here is my dilemma: I live in Northern California where house prices have hardly dropped and my community has currently 1 house below the $400,000 price.

Today I'm happy to announce that another BiggerPockets member has graciously joined the BP Moderating Team to help us better moderate and manage the communityKaren Margrave (Previously known as "Karen M.") is an active real estate developer in Southern California.

Being so new I would the more experienced opinion of the wiser BiggerPockets community.Here is my dilemma:I live in Northern California where house prices have hardly dropped and my community has currently 1 house below the $400,000 price.We are near a University and the rental market is always busy.I'm currently looking at two houses.A Duplex that rents for a total 1700 / monthA Fourplex with rents that total 3950 /monthThe duplex, I'm thinking of offering 215k bank wants minimum 235kFourplex I was thinking of offering 400k Banks wants 465kAt these prices my calculations don't seem to cover the 50% rule.I'm doing FHA or Conventional with only %5 down.Doing my calculations, at the prices they are asking I don't even get a Cap Rate of 6% or the 1% rule.What do you guys think?

Hard Money: What's covered by what?

In trying to figure out what loan is covered by what law, people will ask, "is it a one to four family residence?" Or, "is it owner occupied?" Is it commercial property?

Do...

Here is a duplex that has the potential to break-even, if not net a little cash, from day 1: http://www.redfin.com/CA/Los-Angeles/104-N-Harper-Ave-90048/home/7093197My question to those more experience is, say I wanted to approach my investor friend with this property, what kinds of deals could we structure such that he'd be willing to invest in acquiring the property, we both acquire interest in the property, and we each obtain some sort of gain in the long run.

Bank is accepting my offer on a short sale. $820K. Rehab is $250K ARV $1.85M

Happy Valentine's Day!!!!

Or if you have Cash (which is King) thats your best option.Actually lets back up.