Crap for 1 to 15k per house if you have to just abandon one because it did not work no biggee.. you have lost next to nothing monetarily. keep the ones that work throw away the garbage let them go for tax's.If your sitting in CA or AU or GB  or other foreign countries and you think these cheap homes are going to make you rich.. then your just perpetuating the greater fool theory in my mind... and the end of the day simple logic has to dictate.. if houses on the open market were any investor  experienced or not can purchase them for 1 to 5k  well then there is a reason.. and there is a reason that in LA or SF or PDX or SEA  or New York or Boston or other prime markets that values are where they are at.. supply demand and ability to pay for the asset.Detroit bottom line just needs to retrench.. if its only 700k pop now and declining and there were housing stock for double that.. it does not take a genius to understand there is a gross over supply and the better owners or tenants are not going to live in the roughest and most dangerous areas of the city they will flee to safer more stable environs because there are massive amounts of homes that can be bought in nice areas for 100k and under.

Hello BP Community,I am an aspiring investor currently living in the high priced SF bay area of California.  

Hi all,We refinanced an investment property we own in Riverside county, CA about 3 years ago.

When I was in California, years ago, you could buy a binder title policy , to be used in the second (flip) transaction, for a 10% added fee on the original title policy. 

If this were a 6 month project where you used hard money, in CA, where taxes and holding costs tend to be relatively low, you could have predicted nearly a $7k loss using a detailed cost estimate. 

I am planning to move to San Jose, CA soon for work, and was considering setting roots here since I might stay a few years.

This is my 3rd offer... i have a family that wanted to go back to California and had a 35k property which they said was worth 45k.  

I am located in southern California and looking for investors to work with.I can locate properties all over the US as well.Please contact me here....I hope to work with you in the near future  :)

In LA county, California :)What are the pros/cons?  

It's becoming much harder to find good cash flow deals now, so while we're still watching what gets listed for sale, we figure we probably won't buy much (if any) more until the next recession (with the exception of likely doing a 1031 to get rid of our CA triplex).