Buying Silicon Valley Bank and Credit Suisses is the best at this time due to massive discount haha LOL

So, that means, you need to either have some magic wand to beat out the massive competition to win a deal that all the others missed, and have it actually be a "deal".

Purchase price: $330,000 Cash invested: $50,000 Sale price: $476,500 Quick turn of a massive historic house downtown.

The property was valued at $290k… leaving us with massive equity overnight.

You especially DO NOT want to run into some oddball issue like where you suddenly find out you need to install fire sprinklers, which can range from being simply a real big expense to a MASSIVE expense, if you have to do things like have a larger water main run to the building, which often can be tens of thousands of dollars to have done. 

Whether it’s a real estate transaction or a rehab job, I always keep my costs as low as possible to help clients maximize their profit and encourage future projects… I’m in it for the long haul.If there’s one thing I’ve learned, relationships of this nature require massive amounts of trust from everyone involved, and building that trust can take time.

@Mary AinsworthLast fiscal year, 10/2021-9/2022, there were only 8 FHA 203k loans endorsed in the San Diego area & only 1 last month. 

Tell me the last time you saw massive layoffs before a recession?

Hence why real estate values grew massively. 

@June Crile this sounds like a massive potential headache, and personally I'd only consider it if the cashflow and appreciation numbers were insanely good (and even then, it might not be worth the headaches at any price).Keep in mind: the owner who's being foreclosed on is experiencing foreclosure at the end of one of the greatest real estate market upswings in history--where appreciation was astronomical, owners had more equity than at any point in recent history, debt was dirt, dirt cheap, and money was everywhere.