It has been a busy couple of weeks – we closed on a house 10 days ago, and have already completed the rehab this past weekend. My husband, Stuart who is a meteorologist by training, got his Real Estate Broker’s license last year and he did the research and found these two properties. He put offers on approximately 50 to find 2, so it has been a lot of work but the payoff is there if you know what you want and you go for it.
I hosted an open house yesterday and it looks like we have some potential tenants. I need to run the credit and background checks. We are closing on a second house tomorrow, and hope to get started on that and get a tenant in there ASAP. Our tenant in Colorado bought our house, and so it motivated us to find some cash-flowing opportunities in CA – there are plenty of possibilities particularly now when a lot of people are running scared – those who are poised to take action will benefit long term. We bought both houses in the $135k to $145k and the rent is $1575. Nice houses in solid neighborhoods requiring no major fix-ups. Not bad…
Monday, October 20, 2008
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3 comments:
Where in CA are these?
Could you please share which city you bought the houses at this price range?
Thanks!
How did you finance these houses? Did you pay cash?
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