I was focused solely on buying, rehabbing and reselling as it is widely popular, and I figured, ''I can do the same''.

Is the area becoming popular among the young and adventurous?

You won't get the tax write down for depreciation like with the buy and hold though.Hard money lending in Cali you won't get the same return as in other states because HML's are competing in a rising market.

Anyway, the limitations of this refi strategy is exactly why flipping is so popular.

When something arises he is on top of it .

It is a popular target for the Gurus though because the appeal of buying properties for "Pennies on the Dollar" sounds great.

We've been counter-offering back and forth for almost 2 weeks and finally have agreement, but before the deal formally goes under contract BofA wants me to sign-off on 21 pages worth of addendums:- a 17-page Real Estate Purchase addendum- a 1-page Buyer's Acknowledgement and Disclosure- a 2-page Water Damage, Toxic Mold & Environmental Disclosure, Release and Indemnification Agreement- and a 1-page Lead-Based Paint and Lead-Based Paint Hazards Disclosure, Acknowledgement and Disclosure.I've skimmed through it and it appears to be a lot of CYA type stuff, like there's not property condition disclosure, its being sold "as-is", buyer won't hold BofA accountable if problems with property arise at a later date, etc.

House that age and style aren't overly popular in my area these days.]5.

The`LLC is popular, simple to start.

Will the dollar strengthen with a rising interest rate environment as more off shores capital will come back to the U.S.