Well, I have made a lot of money with CA Real Estate.
What do I think of the deal? The Houston deal? I don’t have enough info and I need to know your strategy!!! That is key!!! If you can make it an asset then its always a good thing but be sure you know what you are getting into. For example, I own prop in TX. too. Prop Taxes are bonkers!!! Not like AZ or CA. Have a good exit strategy in place and make sure you can handle the worst case situation. Remember, make your money when you buy!!!
And EDUCATION EDUCATION EDUCATION!!! That is the key. Learn and network and that will accelerate your REI career. Keep in touch and let me know how I can help you.
I personally know a lot of people in CA making money. They main thing is to know how. You can still do it with no money down and without using your credit. Like Dolf DeRoos says, “The chance of a lifetime comes around once a week.” You can wholesale, assign, bird dog. Its been my experience lease optioning is a little tougher to do in SOCAL, but its not impossible. I know people have done it just not as common as some of the others I mentioned. Also, the goal here is little to no money of yours as possible. So you have more money that you think…OPM other people’s money. It all starts to make sense one day at a time.
P.S. I did a no money down deal in N. SD county. It was at a time when evryone said RE was too expensive too and it couldn’t be done. Listen to the people on these forums not the peole that aren’t investors! ;D Oh and remember, not all agents are investors so take what they tell you with a grain of salt. I love agents that are investors. They understand my NEEDS better.
When you call an agent off a sign simply ask them if they have any investment props. Remember, there are a lot of agents out there so interview them and see if they are going to work for you. Ask them how long they’ve been investing, their opinions on the market, etc.
Hit up your local REI club. There are bound to be agents there. You still want to interview them and even ask for refrences.
Hey, it really is my pleasure. Also, here is another method I just thought of but it can help tremendously as well. Go to your local library and ask for a Book of Lists. This should have all of the top RE producers in your area. Contact them and let them know you are an investor looking for _________(fill in the blank). Ask them what you have to do to be the first person they call when they come across a deal and listen to what they have to say. If you like their terms…PUT THEM ON YOUR TEAM OF ALL-STARZ. ;D Good luck!!!