It has been a while since I posted anything, so this is just a synopsis of what has been happening since the last posting.
There has been an ongoing shortage of inventory, so have been looking at alot of properties, making offers (cash) and getting outbid alot of the time.
On the management of existing rentals and rent to own properties, we have had some hard times with a few tenants getting either laid off or hours cut, so have been working out temporary payment plans or move outs (3 over last 2 months).
The rental market is a little soft right now - lots of properties being advertised for rent for longer than average time frames compared to a few months ago.
At this moment, we have 3 partnership deals going which we plan on flipping. We have chosen one of these to do a daily diary on from demo to finished product, through to sale.
Hope it is educational.
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About Me
- wealthcreationsystems
- Full time real estate investor in Vallejo, California. Born in Cork, Ireland and living in California since 1993. Since housing prices have declined so drastically in my home town, I have been buying SFRs and Condos since last year and doing mostly Rent to Own exit strategies. Work with other investors as managing partner for cash flow and profit sharing.
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