San Antonio investment property – Page 7

March 1, 2016March 1, 2016

6 Myths About Wholesaling Investment Properties

I have been a property wholesaler in San Antonio TX for 15 years and I have seen many people come and go in that time.

Below are the most common myths that I see in property wholesaling with San Antonio investment property.

You have to have cash to wholesale property: No, it is not essential when you are getting started to have a lot of capital. In many of my deals, I am not actually taking possession of the under market value San Antonio property with cash. Rather, I just have the property under contract for a certain period of time until I find a buyer for it.

Of course, the key is to find a good property under market value, and THEN be able to find a good buyer for the property before the contract expires. Now this is where it DOES HELP to have your own cash. I have my own cash, so if I have not found a buyer yet, I just buy it myself with cash and mark it up, and then put it for sale again.

You can be an effective wholesaler without knowing the market well. Some investors really believe this, but the fact is, I am able to find great under market value investment properties in San Antonio because I am a local market expert. I often do not even need to look at comps to know what a property should sell for.
You have to be rich to do well in real estate from the start. I didn’t have much capital when I first started in real estate investing and had $40,000 in college debt. But by 28 I was financially retired, only my sixth year in real estate.
You have to have a real estate license to be a property wholesaler. Nope! I made a couple million dollars in real estate wholesaling in San Antonio before I got my real estate license. I do like having my real estate license now, because I am no longer dependent on real estate agents to show me properties.
You don’t have to have a lot of experience to be successful in wholesaling. In my view, you do need to have experience, but you can gain a lot of that at the beginning by working with expert real estate investors. If you don’t have much experience in real estate investing, you should pair up with an expert to help you get to know the ropes (such as yours truly but you do need to have cash to invest).
You have to borrow money from banks. No way! I borrowed more than $2 million from private investors when I first got started in under market value real estate investing in San Antonio. You just have to ask around, but you can eventually find money to borrow, if the deal is good enough.

I now am a successful property wholesaler in San Antonio, and so can you if you remember most of the above.

February 29, 2016

How I Find Excellent Under Market Deals in San Antonio Wholesale Property

Some of the under market value property investors I work with think that finding wholesale property in San Antonio is difficult. I do not agree. I have been a San Antonio wholesaler of investment properties for 15 years, and I never have a problem finding excellent below market value investment property in San Antonio because I am a well known cash buyer of investment property here.

To find the best wholesale deals in San Antonio, you need to work with an expert who is well connected and experienced in this marketplace. Most beginner wholesalers will try to buy under market value houses at auctions. The problem with this is that everyone and their mother goes to property auctions to find a cheap San Antonio investment property.

By the time all of the other under market value wholesalers are done bidding, the price of the house usually is above market value.

It is very difficult to make a profit on a San Antonio wholesale deal that is at market value.

That is why the smart investor works with an expert in wholesale properties in the Alamo City.

I have been buying and selling investment property here since 2001, and I have a huge network of agents and investors. I also have two other wholesale companies that work for me. They are able to find wholesale properties in San Antonio for me. I also buy many investment properties here through estate sales.

I am an expert at negotiating a low price for myself and/or my investors. Most of the houses I buy are at least 30% under market value as of February 2016.

Below is an excellent 2 for 1 investment property deal that I got through an estate sale in San Antonio. Good luck finding a deal like this at an auction.

Out of state investment property investors, this San Antonio investment property has two houses on one lot and has needs only $10,000 in rehab before you owner finance it for $5000 down, $900 per month.

Note that this San Antonio investment property has two houses and is very easy to sell, given the extended families of most of our buyers.

We will complete the rehab for the out of state investment property investor and will resell it with owner financing. Rehab will be completed in three weeks.

Address: 3230 La Violeta St., San Antonio, TX 78211-3728
Year Built: 1950
Description: 2 homes for the price of one; Home #1, 3 beds 2 bath, 928 sqft, built: 1950, lot size: .15 acres, home needs minor plumbing, carpentry, paint, cleaning, estimated rehab cost 10K, Home #2, 2 beds, 1 bath, 600 sqft, has been remodeled no repairs needed
Cash Price: $69,900.
Exit Strategy: Owner Finance with 10K repairs: 5-10k down, $900.00 monthly P/I, 30 year amortization, 10% interest, Price: 89K, ROI will be 13-14% per year.
Additional Costs: $1500 commission to me on wholesale, $2000 in closing costs, $1500 commission to me on resale, $2000 in closing costs on resale (taken out of $5000 down payment from buyer).
Profit Year 1: 12% ROI
Profit Subsequent Years: 13% ROI

In summary, if you want low priced San Antonio wholesale property as an out of state investment property investor, work with an expert with 10 or more years of experience and has done at least 500 deals in San Antonio.

February 26, 2016March 31, 2016

How I Still Do $12,000 Flips in San Antonio With Under Market Value Properties

The San Antonio investment property market has really heated up in the last 18 months. Back in 2014, it was possible to buy houses for $30,000, do $10,000 in rehab at most, and owner finance them for $59,000.

Or, you could buy an under market value property for $40,000, do $10,000 in rehab, and flip it for cash and make $30,000.

Making money in San Antonio investment property is still very possible and I do it every week, but it is more challenging now. The economy has improved a great deal, and San Antonio TX is a booming market, with great numbers of people moving here every month. With all of the construction going on, there is plenty of blue collar job demand.

Lower gas prices have also put more money in people’s pockets, which leads to more economic growth and spending.

All of this has led to an increase in real state prices in my under market value properties.

But, the good news is that because I have been doing this for 15 years and I know how to rehab properties and negotiate investment property deals, I still am able to make excellent returns on flips.

I mostly am a buy and hold investor with owner financing, but I have been doing some extremely profitable flips these days. My work crew loves when I do flips because they pay well, and I like them because they are profitable for me!

I have a current flip that the investor would make $12,000 on, which is fantastic in this hot market. This house is listed below:

Address: 2229 W Hermosa Dr. San Antonio, TX 78201
Year Built: 1948
Description: Under market value property sale in hot north of downtown neighborhood, 2 beds 1 bath, 769 sqft, built: 1948, lot size: .14 acres yearly taxes: $1,200.00, estimated yearly insurance: $800.00, estimated repairs on this distressed sale.
Rehab Option#1: 35K, includes new HVAC, converting to 3 BR, updated kitchen, flooring, paint in/out, exterior skirt, roof, room addition, appliances, paint out door storage exterior, trash, lawn maintenance.
Max After Repair Value: $139,000.00 with owner financing, comps are for 3/1.
Rehab Option #2: 15k AC, flooring paint in and out $109,000 ARV.
Cash Price: $69,900 firm.

This house is located in a hot area north of downtown and is an excellent under market value fixer upper. I was able to get a very reasonable price of $69,900 on this deal.

Of course if I didn’t know what i was doing, this wouldn’t work. Most under market value property investors spend too much on rehab, which kills the deal. I know exactly how much rehab to do on this project – flooring, HVAC, paint in and out, and resell it. By doing that amount of rehab, this will resell for approximately $109,000. Quite a nice flip in this hot San Antonio market!

Try to do this type of flip with San Francisco investment property, Seattle investment property, Los Angeles investment property or San Diego investment property 🙂

February 23, 2016March 29, 2016

$69,000 Under Market Value Property – 13% ROI

Note that this San Antonio investment property has two houses and is very easy to sell, given the extended families of most of our buyers.

We will complete the rehab for the out of state investment property investor and will resell it with owner financing. Rehab will be completed in three weeks.

Address: 3230 La Violeta St., San Antonio, TX 78211-3728
Year Built: 1950
Description: 2 homes for the price of one; Home #1, 3 beds 2 bath, 928 sqft, built: 1950, lot size: .15 acres, home needs minor plumbing, carpentry, paint, cleaning, estimated rehab cost 10K, Home #2, 2 beds, 1 bath, 600 sqft, has been remodeled no repairs needed
Cash Price: $69,000.
Exit Strategy: Owner Finance with 10K repairs: 5-10k down, $900.00 monthly P/I, 30 year amortization, 10% interest, Price: 89K, ROI will be 13-14% per year; or do $25,000 in rehab and resell for $115,000, $1150 per month.
Profit Year 1: 12% ROI
Profit Subsequent Years: 13% ROI
Contact us for more information or to make offer.
Rental Comps 3230 La Violeta St Sold Comps 3230 La Violeta
Why You Should Believe My Numbers

This type of below market value investment property is perfect for a San Francisco investor, Los Angeles investor, Seattle investor or San Diego investor. You are not a landlord and will enjoy steady real estate cash flow.

February 21, 2016February 21, 2016

How to Turn $10,000 Into $30,000+ in a Year

Most of the time, I only work with under market value property investors with at least $50,000 cash, and preferably $250,000 cash or more.

However, I once started out in San Antonio investment properties without any capital, so I wanted to sketch out quickly how you can make $30,000+ out of $10,000 in a year.

It is possible with my guidance to buy an under market value property with a hard money lender, do $1000-$5000 in clean up and rehab, and flip it to another investor/cash buyer.

On each of these hard money deals, you will need to have $8000 to $10,000 invested. Then, when the deal sells, you will make $8000 to $10000, after your hard money expenses and closing costs.

Hold On!

This is the point where many typical below market value property investors will smirk and say, why bother? Who cares about making a piddly $8000?

Ah :), that is why I financially retired at 28 and you most likely did not. I NEVER turn up my nose at making $5000 or $7000 or $8000 on a deal! Never!

You know what I do? I do 50 of those deals per year, in addition to my large buy and hold investment portfolio, and make another $300,000!

I strongly believe in doing a lot of small San Antonio investment property deals. When you do just four of those deals per year, you can triple your money….transform $10,000 into $30,000 or more. Then you can afford to do more than 1 flip at a time, and do eight per year and make $64,000…..see where this is going?

Of course, in the end, I am a buy and hold investor, and I would advise you after you have at least $100,000 to invest in long term buy and hold, owner financed properties in San Antonio. Then do 2-3 of these quick flips per year to increase your cash as you need it to do more buy and holds.

Here is a fantastic San Antonio investment property for the out of state investor that will make you a quick $8000 to $10,000.

ONE LAST THING!

Before I show you this San Antonio investment property, if you want to turn $10,000 into $30,000, you need to do the following:

Listen to what I tell you to do and do not question it.
Do not doubt my ARVs or rehab costs.
Do not call me every day asking when your house will resell.

I know exactly what I am doing, and it is important for you to trust me.

Out of state investment property investors, this San Antonio investment property has two houses on one lot and offers you a quick $10,000 on a clean and resell flip, or 13-14% ROI on a buy and hold.

Address: 3230 La Violeta St., San Antonio, TX 78211-3728
Year Built: 1950
Description: 2 homes for the price of one; Home #1, 3 beds 2 bath, 928 sqft, built: 1950, lot size: .15 acres, home needs minor plumbing, carpentry, paint, cleaning, estimated rehab cost 10K, Home #2, 2 beds, 1 bath, 600 sqft, has been remodeled no repairs needed
Cash Price: $58,000.
Exit Strategy: Owner Finance with 10K repairs: 5-10k down, $900.00 monthly P/I, 30 year amortization, 10% interest, Price: 89K, ROI will be 13-14% per year. ; or do $1500 in quick clean up and flip to another investor at $69,900. This is a 2 for 1 deal and will resell quickly.
Contact us for more information or to make offer.
Rental Comps 3230 La Violeta St Sold Comps 3230 La Violeta

More Pictures:

Investors, you will never see a San Francisco investment property, Los Angeles or a Seattle investment property at this price point and rate of return! This under market value property is a good option to invest in real estate with IRA, or invest in real estate with 401k.

February 21, 2016March 30, 2016

SOLD – 3230 La Violeta St., San Antonio TX 78211

Out of state investment property investors, this San Antonio investment property has two houses on one lot and offers you a quick $7000-$8000 on a clean and resell flip, or 13-14% ROI on a buy and hold.

Address: 3230 La Violeta St., San Antonio, TX 78211-3728
Year Built: 1950
Description: 2 homes for the price of one; Home #1, 3 beds 2 bath, 928 sqft, built: 1950, lot size: .15 acres, home needs minor plumbing, carpentry, paint, cleaning, estimated rehab cost 10K, Home #2, 2 beds, 1 bath, 600 sqft, has been remodeled no repairs needed
Cash Price: $69,000
Exit Strategy: Owner Finance with 10K repairs: 5-10k down, $900.00 monthly P/I, 30 year amortization, 10% interest, Price: 89K, ROI will be 13-14% per year. ; or do $1500 in quick clean up and flip to another investor at $69,900. This is a 2 for 1 deal and will resell quickly.
Additional Costs: $1500 commission to me on wholesale, $2000 in closing costs, $1500 commission to me on resale, $2000 in closing costs on resale (taken out of $5000 down payment from buyer).
Profit Year 1: 12% ROI
Profit Subsequent Years: 13% ROI
Flip Profits: $7000 to $8000 after expenses (I recommend doing at least 1 of these per quarter to build cash base and then do 1 buy and hold for every 2-3 flips).
Contact us for more information or to make offer.
Rental Comps 3230 La Violeta St Sold Comps 3230 La Violeta
Why You Should Believe My Numbers

More Pictures:

February 18, 2016February 18, 2016

How to Recognize Value in Junk Homes

Now in Inman News

I have made a good career in San Antonio real estate investing by buying and selling under-market-value properties (“junk” houses) that most investors would never touch. Then, I owner finance them for maintenance-free cash flow, which has the added benefit of giving a hardworking family a chance to own their own home.

Sure, the under-market-value houses that I buy are ugly at first glance, but the smart investor needs to look underneath that ugliness and see the value of the home and the area around it.

A smart investor needs to look underneath that ugliness and see the value of the home.

Last week, I had yet another junk house success story that I wanted to share with you. Last year, I bought this junk house:

It sat vacant for several years, and I bought it in an estate sale in September 2015. No question that this house was ugly and run down:

Kitchen

However, this under-market-value property is located in a booming area a few miles west of downtown San Antonio. The Bexar County government has invested millions of dollars in this area with new running trails, parks, shopping plazas, green space and more. Just two miles from this junk property is the San Antonio Riverwalk, a tourist mecca.

Also, this distressed property has nice, owner-occupied homes right next to it worth $100,000:

tampico-5-300x169 tampico-6-300x169

So I snatched up the house and resold it to my out-of-state investor for $25,000 late last year. The regular investor cannot see past the temporary ugliness of the under-market-value house, but I can.

After my investor purchased the home, I did $27,000 in rehab:

Electrical update
New flooring (float new floor over that minor foundation issue after it’s repaired)
Clean out
Update bath and kitchen with tile and granite
New light fixtures
Paint — interior and exterior
Finish second bedroom

Now the under-market-value property looks like this:

The ARV on this distressed property is $89,000, and we completed the rehab in mid-January. By the end of January, we already had an owner-finance buyer for it with these terms:

$89,000 purchase price
$5,000 down
$800 per month
10 percent interest
30-year note

So, the investor bought this out of state investment property for a total of $52,000, and is now earning 15 percent per year in real estate cash flow on a property that he will never have to repair. The buyer of the home will take care of it, and eventually, hopefully, pay off the investor and own the home.

The investor is now earning 15% per year on a property that he will never have to repair.

That is the type of under market value property investing that you can do — if you have some cash and if you can see beyond surface ugliness in San Antonio investment property.

February 18, 2016February 22, 2016

What Happens When You Do Your First Deal With Me

So you decided to buy an under market value San Antonio investment property! Congratulations! If you are buying a wholesale property from me and owner financing it as I recommend, you can expect to make 12-15% ROI per year with no further expenses.

When you deal with me, I handle the entire transaction: finding the below market value property, rehabbing the under market value property, and resale. You just provide the capital.

You ALSO need to provide me with your trust that I know what I’m doing. Do not question my rehab costs or ARVs, please, otherwise you need to find someone else to work with.

And here’s exactly how the deal goes down:

You sign the contract on Docusign and buy the property for me for – say – $50,000.
After you wire funds and it closes at the title company, you wire my construction company the rehab funds – say $10,000 – in two payments (at start of rehab and completion).
I perform the rehab in 15-45 days, depending on complexity and weather.
I will email you regular updates and send photos of progress. Once the rehab is completed, I will send you final photos, and you send final rehab payment.
Now we put the house on the market – MLS, bandit signs, craigslist.
House is resold with owner financing at 10% interest, 30 year note in most cases. Closing is at title company usually by Docusign.
You set up how your buyer will pay you – cashier’s check or electronic payment to an account of your choosing.

The OTHER option is to do a flip. I will do the clean up or rehab on the house in 15-30 days, and then we will usually flip the house to another investor for a $10,000 profit. I recommend doing at least four of those per year to build up your cash for subsequent buy and holds.

And that is it! If you want to really get wealthy as an out of state investment property investor, you should rinse and repeat this process at least 10 times, or 100 times.

February 16, 2016

5 Common Problems With Buying Rental Properties (Which Is Why I Don’t!)

Are you a wanna-be real estate investor? Many people do indeed dream of owning under market value rental properties and someday earning positive real estate cash flow from them.

However, before you consider buying under market value investment properties, you really should think about what you are getting into. Being a part time landlord is usually a lot more hassle than many realize.

I am a full time real estate investor in San Antonio investment properties. At one time, I owned more than 100 San Antonio rental properties. I have deal with rental property problems many times and I have since stopped renting out properties and now I make real estate cash flow in another way without maintenance…..

But I am getting ahead of myself! Here are the common issues I’ve seen with rental investment properties:

Repair costs: If you are going to rent out your California investment property or Texas investment property (or wherever it is), you will most likely need to spend a good deal of money to make it ready to rent. Any damage to the roof, plumbing, foundation or electrical systems could cost a lot to repair.

This can especially trip up the part time landlord who has a full time job and has bought rental properties for real estate cash flow. Odds are you are not an expert in rehabs and you could easily overspend on fixing up the house.

Depending on which state you are buying your investment properties, you could have landlord and tenant laws that mandate that you add safety features to the house, such as handrails, peephole in the front door, adding a firewall, and a lot more.

Getting repairs done: As a rental property investor, you are going to have repairs that have to be done fast. Back when I was a landlord 10 years ago, I had water heaters go bad. Sometimes the house got flooded and I had to spend a couple thousand dollars to clean it up. Of course, the after hours plumber can cost you $100 per hour or more.
Collecting your rent: If you are lucky, you will have good tenants who always pay on time. But oftentimes, you have tenants who are late. This is an especially big problem if you buy your rental properties with mortgages. I never buy my under market value properties with mortgages, only cash.
Dealing with pain in the neck tenants: Eventually you are going to have to deal with tenants who damage your house or cause problems with other tenants. I once had a tenant who almost burned the house down. Of course, you will also have to deal with evictions at times, which can be problematic depending upon your state. In some states, the tenant can stay in the house 60 days or more without paying rent!
Keeping the property safe: If you rent out properties, you could be at risk of being sued if someone is injured on your property. You must keep the home maintained so that there are not potential accidents.

The bottom line on rental properties for me is to not invest in rental properties. There is simply too much hassle involved in them to make it worth my time. Been there, done that!

How I Invest in Below Market Value Properties Without Repairs

The way that I invest in San Antonio investment properties today is to buy my under market value property in cash, do $10,000 or so in rehab, and then seller finance it. This type of investing has four big advantages:

I have no mortgage. Yay!
My occupant is buying the house on terms from me. That means they maintain the property and do all of the repairs. Double yay! If they choose to not repair it, that isn’t my problem. I merely hold the note on the house.
I enjoy pure real estate cash flow in my under market value San Antonio properties. No expenses! Is this cool or what?
Because I buy investment property in Texas, foreclosing is very easy. I get the house back in 60 days and resell it again. I have resold the same house three times before: $5000 down, $800 per month.

Of course, this type of real estate investing takes CASH. But if you have an IRA or a 401k, you can often invest in these under market value houses.

Below is a great example of the type of investing my out of state investment property investors and I do.

The house above in on West Poplar Ave. in 78207 in San Antonio. It is a newly completed San Antonio investment property that was bought the the California investor for $44,000 in October 2015.

We conducted $10,000 of rehab on the property and put it on the market in December 2015. Total cost to investor was $54,000. It was resold in late January 2016 with the following terms:

$83,000 sales price
$5000 down
$627.61 per month ($800 per month PITI)
9% interest
30 year note

Total return for out of state property investor is 14% ROI. If you are interested in out of state investment property that earns 10-15% ROI with no maintenance, please contact us.

Below are more rehab pictures:

Based upon this 14% ROI return, I think you can understand why many of my investors from out of state USED to buy San Francisco investment property, San Diego investment property, Seattle investment property, and Los Angeles investment property. Now they mostly buy San Antonio investment property.

February 13, 2016May 17, 2021

Guidelines for Out of State Property Investors

Thanks for coming by. Here’s what you need to know about me right now: I’m a financially retired real estate investor in San Antonio TX who is dedicated to transforming the city into all homeowners.

I tell you this not to show off, but to make this point: I am a serious, very accomplished and wealthy investor. I’m not an amateur. So, if I say a house will sell for such and such, or the rehab will cost such and such, you need to believe me and not question me. I do deals in my San Antonio neighborhoods every week, and I know what things cost.

You wouldn’t question your brain surgeon about the type of craniotomy he is going to do on you, right? So please don’t question my expertise on San Antonio investment property.

I know what you may want to ask:

If you’re such a big shot, why are you still working huh?

🙂 The reason is that while I have my own portfolio and am set for life, I still have ambitions and a Mission: I want to transform the entire city of San Antonio TX into home owners.

And to do that, I need serious out of state property investors to buy 10+ under market value houses in the next 10 years. So, I want to keep you happy with high cash flow San Antonio houses that have accurate ARVs, accurate rehab numbers, and quick resale time. It does me no good if you buy 1 deal and are unhappy and leave.

If you are going to do 10+ deals here, I need you to understand a few things about how I work. Whether you are a rookie or an experienced investor, I do things a certain way and want us to be on the same wavelength from the start.

So without further ado……

$50,000 capital required. You need to have capital or the ability to obtain capital to talk to me. $50,000 is a good starter – ideally in a bank account but 401k and IRA money works too. I simply do not have time with my schedule to talk to people with no money. If you do not have capital, that’s fine. Hey, I’ve been there! But I raised money from private investors to get rolling. You need to find private sources of capital at reasonable rates so that you can make monthly cash flow on my deals of $200 to $300, and pay those guys off in 1-2 years.
Reread the above please. This is an advanced investing system in under market value San Antonio properties. IT TAKES CASH. This is not an investing system for the house hacking, 3.5% down rental property investor on Biggerpockets.com who is just starting out.

Zillow values are crap – PLEASE don’t bring them up. Nothing screams ‘clueless amateur’ more than using Zillow property values to evaluate my deals. Honestly, it’s annoying when an out of state investor who knows nothing about San Antonio challenges my ARVs. Look: I have completed nearly 1000 deals involving thousands of houses in San Antonio TX. I have done hundreds of rehabs. If anyone knows the ARVs of these under market value properties, it’s me.

Zillow will always lowball what my houses resell for. If you are going to look up property values in Zillow and challenge my ARVs, please find someone else to work with. It’s amateur hour to question an expert investor about resale values; serious investors understand a 15 year real estate expert in one specific city knows 1000 times more about local ARVs than a freaking national real estate database.

My owner finance deals are off market. My under market value deals are usually sold with owner financing, which means they are off market, which means that Zillow and other public websites are totally worthless for evaluating my deals.
My ARVs are accurate. I didn’t get to where I am in life by overestimating what houses will resell for – to scam you into buying 1 house. If you don’t trust my numbers, try Detroit. We need to trust each other to work together.
Pseudo investors – do not apply.
10 houses! Remember: My goal is to transform San Antonio entirely into property owners. I do not need you to buy 1 house so I can make a small commission. I need you to buy 10+ under market value deals from me so I can transform this city. That won’t happen if your first deal sells for less than what I stated. BTW, finding a single cash buyer these days is a LOT of work. Does it make sense for us to overestimate a house’s resale value, piss you off, and you walk after 1 lousy deal? Heck no! We want happy investors here that buy long term.
Cash buyer references available for serious buyers. I have many references who are cash buyers in California. I’m happy to provide those references to investors with capital who are serious about investing.
I own a construction company. I do rehabs at 2/3 to 1/2 the price of your typical rehabber, and I do good work. Insured, bonded, all permits included in my price. I do enough to get the house resold and more more than that. This saves you money and boosts ROI. Honestly, I make little money on my rehabs. I am totally dedicated to my Mission and to making you money. So I am willing to sacrifice rehab profits to get you to buy 10+ houses in 10 years.
All deals close with my real estate attorney. I have used West & West Attorney at Law for more than 10 years to close my deals. They know me well. Not a penny of your investing dollars go to me. It all goes through the title company.

Patience on rehab. If you do buy an under market value property from me, I will get it rehabbed ASAP. Usual turnaround is 30-45 days. But stuff happens. The roof could need more work than I thought, or the foundation may need more work, or the weather turns bad and it rains for a week. All of this delays the project. BE PATIENT.

One and done. If you call me twice per day asking me when the house is going to get finished, that will probably be the last deal we do together. No joke – on a work day, my cell phone is clogged with dozens of text messages, a dozen voice mails and 100+ emails. I cannot babysit you. Please, be patient. I will call you and email you as soon as it’s done and will send pictures.
Patience on resale. Once it is rehabbed, I will get it resold ASAP with the MLS and bandit signs. Please do not call every day wondering when it will sell. It’s real estate, not McDonalds. When I have a serious buyer with a contract, I will inform you immediately.

In short, I love working with out of state investors….investors who used to buy California investment property, San Francisco investment property, Seattle investment property and Los Angeles investment property. But please – reread the points above before we talk. This will make our relationship work smoother. Thanks.