Knowing inventory levels of now and past is also crucial to identifying where your market is headed.Step 2 is learning how to properly and accurately estimate rehab costs - this takes time, a spreadsheet and lots of practice.

I live in Orange County California.

My area of orange county (irvine, costa mesa, tustin) is still very hot most of my friends looking to buy are being outbid with cash offers going 50k over asking price, but i think itll always be like that out here.

Does anyone know if there are regular meetups in the Orange County area?

One crucial detail I failed to utilize was the date the contractor needed to finish the job.

Also, if you're looking for more turnkey properties, then you're most likely at your limit of 450K.)Essex in areas such as Newark, Irvington, East Orange are where you'll get the biggest bang for your buck IMO but definitely do some due diligence on all the areas.

The most crucial piece is finding knowledgeable team members who will fast track you

I have my systems and procedures set up pretty well now so that the majority of it I do remotely.In my opinion, this is the most crucial step of the process if you want it to work out.

I agree knowing the neighborhood is crucial.

Just got my salesperson license in Orange County, CA and I've met with multiple folks at KW and BHHS.