Posted by Kristine-CA on February 01, 2002 at 13:24:44:
Nope, I’m not landlording from a distance. No interest right now in landlording, rehabbing, lease-options, etc. And, yes, I drive to the areas I work in and look for vacant houses and check on houses that I’ve found through research during the week. I’m trying to do wholesale flips. Have two under contract, with buyers lined up. Did a tax sale property before that (over a year ago) and decided that doubling my money was great, but it was a hard and limited way to find deals. It’s taken me the last six months to find areas where deals I can figure out are located. I’m good with the research and finding the deals, but my creative financing skills are pretty limited. One of my flips is supposed to be a double-close if all goes well, so that would be nice. Otherwise, it’s cash and re-sell.
Riverside might be ok, but my guess is that a lot of those deals are going to be low to no-equity deals, requiring subject-to and lease-options. But there always deals out there. I just prefer to be looking where everyone else isn’t looking.