CMJ-REI's blog

Who says that the real estate market is down. My venture into the duplex fell through due to rent control and current tenants did not cover the mortgage, ROI way too low.

Since last year, I have been trying to get into another place but no luck. The cash investors are buying up the properties in my area, rehabbing and "trying" to resale tremendously over market.

So I need cash, the assignment deals are not working for me, I can't seem to assemble a good team, these agents don't want to bother unless they can come out ahead on commissions.

SO, the bank accepted my offer on a short sale in Los Angeles. Hopefully, starting escrow Monday. Keeping fingers crossed we close in a timely fashion. Now I have to apply what I have learned and go for it.

Are there any house flippers in LA willing to make a sale? Many here are buying up most of the distressed properties and not reselling. If there are any in Los Angeles willing to sell a property private message me, I am trying to buy in 200-300k range.

Or if anyone would like to mentor please let me know. Open to try and least a couple assignments. I am trying not to get discouraged.

CMJ

I just got pre-qualified, still can't believe it in this market, but now I can't find a good real estate agent to work in my best interest.

I can't afford a half million dollar mansion but a nice starter home. Is it that the real estate agents can't make a fortune so there is no incentive? Looking for an investor in the LA area looking to unload a property. Maybe we can help each other out.

Search is underway, alone.