Re: California, Tim Conde & JC - Posted by Deborah
Posted by Deborah on November 22, 1998 at 21:28:19:
Hi again Tim Conde and JC,
Tim, you have valid points in expanding the horizons for property finding. However, for my first few I would like to keep them close in since my “feel” for the neighborhoods is much better having lived here 20+ years.
I have also learned tips from a contracting friend that by locating properties that have had notices of default go out, many times you can approach the desperate owner and work out a situation where you take over the payments and they stay on as a tenant, or, of course, you can find a new tenant at your discretion. Another tip from the same individual was property about to go to probate sale, this person actually located family members who inherited these properties and did not want them and were more than willing to sell at 20% or more below market!!!
I would like to know if you purchased your first properties in your neighborhood/city at first before branching out.
Thanks again for the tips on Modesto, Stockton,Sacto, the Southern part of CA and properties out of state.(I would think you have a management co. who takes care of the properties-is it your own, or what is the name of it?)