Real Estate Investing
Investment Properties
Sell Rental Property?
A big hurdle for long-time owners of investment real estate is paying the capital-gains tax - people don't like writing big checks to the IRS! But if you are thinking of selling a rental property, here's a reminder that next year it'll be worse. From latimes.com:...
Real Estate Investing, 2010
Real estate investors, like baseball players, are inclined to try for the home run. Yet hitting singles and doubles can be more effective - ask Tony Gwynn. Yesterday we wrapped up a 12-month-long escrow! It was a short sale of a one-bedroom condo in La Mesa for...
More Flipping!
Remember this fixer near the Back Gate in Oceanside? One of our blog readers ended up buying it, unrelated to this video's appearance here on July 1st: In the meantime, other flippers have been busy in the area buying REOs and fixing them up to sell - here are other...
Investor Blues
1,400sf of heaven, built in 1960 and last sold in October 2005 for $430,000, and yes of course financed 100%, plus a cash-out refinance in 2006, resulting in negative skin in game. Sold for $148,000 in 11/99: The market can't be any hotter than it is right now, can...
Fast and Furious!
The lower-end of each micro-market throughout San Diego County has been red hot lately. Virtually every decent house under $400,000 is being deluged with buyers, probably in hopes of cashing in on the $8,000 tax credit before the end of November. Our flipper's luck...
Biz-Opp
An impassioned plea to the good-looking and powerful employees at BofA in charge of assigning the REOs - can you please send me an occasional coastal McMansion please?
Our Flippers, Part 1
In April, 2009, the ABC News Nightline show followed as we looked at buying some fixers in Oceanside (links are in the right column under REAL ESTATE VIDEOS). Here is a follow-up:
Get Rich Quick
People ask all the time, where are the buyers coming from, and what is motivating them? Yesterday in a couple of comments mentioned that people are tired of waiting, and want to settle down with their families. But there will always be the get-rich-quick crowd. Robert...
