I am pleased to say that Eileen and I have caught the attention of yet another all-cash investor!I had a rather depressing phone conversation with another Armando student that hadn't had any luck finding the funds to do the program. She admitted that her husband took...

I've been making offers left and right and contually get outbid! There's something awry in California.I've seen prices of these same foreclosed properties appreciate 30-50% in just 3 months! I'm talking about boarded up, skanky properties with the toilets half way off...

Good News #1 - The Bus TripEileen and I were fortunate enough to attend our 3rd bus trip! This was the most successful bus trip we've been on. Having multiple offers on our house helped, as the new students could see and hear of our experiences step by step, plus we...

Our property on Challen seasoned on Monday (we owned it more than 90 days) and the FHA offers started pouring in. We have offers from the asking price to $25,000 above the asking price! Our first thought was to take the highest offer. However, being the sea urchins...

We just learned about a new asset protection strategy called a Series LLC. The jury is still out whether to have multiple LLC's to hold your properties or to make use of this Series LLC.The Series LLC allows you to hold all your properties in one entity so you only...

Did you know that there are a lot of houses in San Bernardino County that have their own septic tank? I had no idea until I heard of a fellow investor that purchased, rehabbed, and tried to sell a property in Rialto at a nice little profit. However the appraiser...

Last week was filled with real life lessons in Real Estate. Our "too good to be true" cash buyer backed out, leaving us shocked and even hurt - but one thing to remember - this IS a business. There are people out there that have a lot more experience than we have, and...

*Owner Finance as an Exit Strategy* Owner Financing, if you remember, is a pretty neat strategy. In forming our owner finance deal, we raised our price, and structured a possible note with 20% down and a variable interest rate depending on the applicant. If you...

OK, I admit I was a little nervous. Our house hasn't gone through the 90 day seasoning and I was concerned about the looming November 30th tax credit deadline. Our house would be seasoned the end of October - which was cutting it a little close to have a deal done...

*Never go into a deal without an exit strategy*   It's obvious that real estate investment can be full of surprises, which is why you need to have multiple exit strategies.   Although we are still waiting through our FHA mandated 90 day seasoning period, we know that...

As you may know, we've succeeded in acquiring a property, fixed it up and it is now on the market.  However we need to tell you about our experiences with appraisers and what we've heard about dealing with appraisers in California. Appraisers can be the biggest thorn...