San Diego Riverside REIA Real Estate Investors Association

01/16/2015

Saturday, January 24, 2015 1:45 PM — You want to learn about flipping? Jump right in and meet me at one of my most ambitious flips! See how Chris Bedgood of the reality TV show 'Flipping San Diego' on A&E and FYI channels is turning an early 1900's classic 1200 sq foot 2 bed 1 bath North Park Crafts…

04/20/2012

Flood of Foreclosures? How will this affect us as investors?

The golden age for foreclosure squatters is coming to an end, now that the $26 billion mortgage settlement has been approved.

03/02/2012

I need Hard Money Lenders---Please step up. I need your money on a new house I just got under contract. Purchase price $159k. Rehab $40k (max). ARV $260k to $270k. Anybody lending?

02/28/2012

Warren Buffett wants to buy hundreds of homes. Wht do you think?

Warren Buffett says along with equities, single-family homes are a very attractive investment right now. Appearing live on CNBC's Squawk Box, Buffett tells Becky Quick he'd buy up single family homes if it were practical to do so. He also revealed he put 175 million euros into each of eight Europe...

02/18/2012

Just had another incredible smoothie, a shot of wheat grass and shot of entrepreneurial 'ENERGY' from my buddy Erin Wicomb of Mavrix Equity Group. They are rocking and rolling in their new offices downtown on Banker's HIll in the old El Cortez building. 4000 sq feet of commercial space! Great job Erin and his biz partner Joey!

01/09/2012

Another REHAB finished! From Chris Bedgood and 'Sunny Skies Home Solutions' in partnership with 'Rebuilding Together San Diego'! 3024 South Bonita Street Spring Valley. On Sale now! 4 bed 2 bath, 1900 sq ft at the top of the hill with long range, panoramic views, RV parking with hookups, and a massive party deck on the back. $400k http://www.real-estate-video-tours.com/video/1201-3024southbonita/slideshow.php

12/14/2011

Wholesale Opportunity San Marcos San Diego - I Need a Cash or large down conventional Buyer - ARV is $625 to 675k -- YOur price is $419k. This is a slight fixer (but not horrible) in San Marcos. 5100 square feet with a seperate permitted Guest house (included in the sq footage)! Totaling 8 bedrooms, 5 baths and a 3 car garage, with lots of extra parking. It's in a great location near the 78 and 15. It has a large lot, it's own basketball court, the kitchen is save-able (no need to replace it). After Remodel Value going by price per square foot is $625k on the low to $675k high. I figure the rehab is between $50k to put renters into it and $85k if you are flipping it. Email me [email protected] for address, more info and pics and an appointment to see it.

12/13/2011

Who says the Investor never gets dirty?! Here I am going under the house to check and see if a shower pan 'really' needs changing out or if the termite company is just trying to get some extra revenue. --Guess what I found out?

12/01/2011

Found this floor joist rotted after ripping out the old kitchen tile in my latest house rehab. This was under the dishwasher area. Unexpected and not cheap, but it is part of the business that you have to 'cushion' forwhen 'flipping' houses.Instead of replacing, we will shore it up on each side from underneath the house. Luckily there is a decent crawl space! Show us YOUR crazy rehab pics!

11/17/2011

Had a great lunch meeting downtown yesterday with my buddy and fellow real estate flipper Erin Wicomb yesterday. He and Joey Ferrigno are partners and they are doing some amazing things. They have come a long way since I met them over two years ago! I love their new office space in the El Cortez building downtown. Congrats guys!

11/10/2011

Rehab SOLD!!! Tone Lane, San Diego - El Cajon. From Chris Bedgood's team- Bought July 1st for $199,900. Rehab and holding costs were $44000 (private JV partner - no hard money points). Realtor fees $17000. FHA Buyer concessions $6000. Sold Nov 3rd (4 months) for $329000 (appraisal was $340k!)! Profit = $62000. I'm rehabbing. If you want to partner or lend money to my team, let's connect! www.SanDiegoIsOnSale.com/Tone