(Think herd mentality)Nothing new, been through a few of them,.....I checked that one prop the OP posted, those are everywhere, non cashflow, lots of renovation needed types of places.I say, "let 'em sit for awhile and stew" better deals for those that wait and keep looking around I'm thinking.Yes, LA has a housing shortage currently, and it's not the first time.We're in no hurry to buy at the top of any cycle, especially considering the sq ft costs being achieved right now in sales.Might be cheaper to build new in another state than pay $279 per sq. ft here with less than grade A tenants,...Unless throwing 120k - 150k down is easy for you for 1 property,....I say go.I'm not so rich I can afford to be cheap, (or silly) with my dough.my .02

I was excited last month to open my copy of The Real Deal and find that I was listed as one of the seven most active developers in North Shore Staten Island.

You should develop a business plan before you start flipping to decide how best to access these, and more, sources of capital. 

As a first-time homebuyer with a long-term plan of real estate development, I was wondering if anyone had any ideas on how I could obtain a USDA guaranteed rural development loan even though the current property does not have a home on it.

Hi @Tony KuI get a few REO's in my inbox every week and most of the time, they're in areas I personally wouldn't invest in (not near centers of economic development/growth, etc)."

I'm a software developer here in Chicago, and my wife (@etesla) is a stay-at-home-mom.

I'd like to figure out how we might develop these. 

I'm  in my early 30s, and an experienced software developer currently looking for passive income opportunities, but I would like to eventually move into real estate investment full time when I get into my forties. 

I am not a fan, but that may change as I develop, or move into different neighborhoods/markets.

These guys do an awesome job and have done almost all the renovations at my personal home.Maybe I am naive, but most will not get those sub-contractor cost or discounts on material purchases unless they develop a relationship with one of those subs and that is not going to happen on a deal or 2.