I'd suggest you look to TREC as to your wholesaling activities and read the forums.Talk to your lender, if you have experience and are otherwise qualified, you can use a blanket loan on your existing properties and the ones you acquire. 

despite the building inventory in some of SoCal there are other areas where building permits are nearly non-existent.

The other option is to borrow private money or work with a hard money lender and retain equity. 

I'm looking at a 3 family building, older home which was converted many years ago. In walking through, one thing that stuck out to me was the absence of hard-wired smoke detectors. The building has no house panel, so ...

You will receive an Addict award along with a habito; as well as learning and retaining useful real estate information without struggling.Bigger Pockets has various resources: ebooks, blogs, forums, podcasts, webinars, colleagues, keyword alerts, an awards system, a learn section, informative people in many fields of real estate, and more.We are considered to be the average of the 5 people we spend the most time with so connect with REIA meetings, accountability partners, and mastermind groups to engage with individuals interested in real estate investing.At the bottom of this page is a list with help in it.

Those of us who choose (or are required by our brokerages) to affiliate with the national, state, and local associations of REALTORS© are bound by a code of ethics and standards of practice, and agree to be held accountable by our peers when we fail to abide by these.Obviously, that does not mean agents who are not REALTORS© are dishonest or unethical (there are plenty of reasons, cost being one of them, not to pay for the REALTOR© designation) - but when having a discussion about ethics and standards of practice, I think it is important to point out that these do exist and are adhered to by thousands of professionals across the country.Thanks for bringing that up!

You will receive an Addict award along with a habit; as well as learning and retaining useful real estate information without struggling.Bigger Pockets has various resources: ebooks, blogs, forums, podcasts, webinars, colleagues, keyword alerts, an awards system, a learn section, informative people in many fields of real estate, and more.We are considered to be the average of the 5 people we spend the most time with so connect with REIA meetings, accountability partners, and mastermind groups to engage with individuals interested in real estate investing.At the bottom of this page is a list with help in it.

If those systems are old, then you should be in the high 70s, low 80's.Without knowing the address, there is obvious caveats that may exist.

It is my understanding that there are plenty of people implementing this (BRRRR) strategy using financing on the original purchase (not buying all cash).The following hypothetical numbers outline my understanding of how this might work:Purchase Price (-20% below market): $80KMarket Value: $100KCash Down (25%): $20KLoan Amount: $60KRehab Needed (loaned): $10KAll In Cash: $20K  (down payment)Total Loans: $70K (purchase + rehab)Total Into Property: $30K (down payment + rehab)ARV: $130KRefi @ 70%LTV: $91K$60K pays off existing loan, $10K pays off rehab loan, $21K is your cash out plus maybe part of the refi closing costs, which covers your down payment.Sound about right?

I have yet to see tile crack when laid directly on old basement floors, despite existing cracks at time of install.