Buy a House, Go to Jail?
California is one of the toughest on foreclosure law and fraud and other laws that relate to real estate.
If you intend to buy foreclosure properties from defaulting owners, before the trustee’s sales occur, you should thoroughly familiarize yourself with the three codes dealing with rent skimming, home equity purchasing and acting in the capacity of a foreclosure consultant.
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You need all 3 types, in my opinion. The more people you have on your team, the more choices you have. It’s tough to paper train people so you want someone who understands what you do and is knowledgeable in that field,
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Watch my video. it’s easy to get caught up in the hype from some slick promotion company who know more about marketing than they do about real estate.
Cofounder of LearnLux and 2016 30 Under 30 honoree.
“If you wait until you’re ready, you’ll be waiting for the rest of your life.”
Early on in starting my company, people advised me that I should have more experience, more time, and more money. I didn’t.
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Since this is the biggest group of people, its important to know who they are and what their lives are like. Unlike earlier seniors, these people are vibrant and less likely to go into a retirement home. Many of them express a desire to move but to downsize and move to be near family.
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This was the results of a survey done to see how renters felt about whether this is a good time to buy
“One interesting potential bright note for housing in the July survey is that younger households may finally be shifting toward buying rather than renting in greater numbers. Whether the shift in sentiment in July toward buying rather than renting on their next move holds up or is a temporary reaction to their view that rents are on the rise and mortgage rates will be lower, we will see. However, we are getting set to release some additional research in early August showing evidence of a broader move by older millennials in the direction of ownership.”
Read more on Home Owning confidence level higher…