Archive for May, 2006

Positive Cash Flow

Friday, May 19th, 2006

“Where can I buy and get a rental property and get positive cash flow?”
***ANSWER:
Great question. Technically, the answer is ANYWHERE…provided you’re willing to put enough money down. But I’m guessing that’s not the answer you’re looking for.
You can buy in some San Diego neighborhoods with 25-40% down and get a positive cashflow (25% […]

Sell Your Home

Wednesday, May 17th, 2006

“I bought a home in January planning to hold it 6 months, resell and move to Florida where I’m taking a new job. Unfortunately, I overpaid a little and the value hasn’t gone up. I really need to sell and move on, but I just can’t lose money on this. Any suggestions?”
***ANSWER:
I […]

Go and look at the house.

Monday, May 15th, 2006

“Hi Gary, We’re starting to look for a house. We saw one that just came up for sale down our street and we’re waiting for the open house so we can see it. If we like it, can you help us buy it?”
***ANSWER:
Yes, we can definitely help you purchase that (or any) home. […]

1031 Exchange

Friday, May 12th, 2006

“Hi Gary. I have 24 apartments in City Heights. They’ve been a headache lately and I’d like to get out of them into something else. Is it true that you have to buy up to do a 1031 exchange?”
***ANSWER:
Almost. While you do have to buy up to do a full referral, […]

Pick a Broker

Wednesday, May 10th, 2006

“What’s this I see about 1% and 2.5% real estate fees to sell a home. I know they’re discount brokers and don’t do very much, but how can they charge so little and stay in business?”
***ANSWER:
Many of them don’t. There’s a real revolving door of these reduced service brokers starting up and later […]