Hi there. Am hoping to gain some feedback from any California based
rehabbing investors out there (or anyone else that can provide some feedback!).
I have a client that is wondering ......
Is anyone out there actively rehabbing homes in California and how is
the resale? I know all of the foreclosures and short sales in
California specifically is hurting the value of the homes ... and am
wondering if anyone is having problems unloading their rehabs? I am
particularily interested in feedback on the Los Angeles and San Diego
areas (all of Southern California really). I have heard a myriad of
reasons that the market has slowed in California (buyers waiting for
even lower prices or buyers finding it harder and harder to qualify for
jumbo loans being the two major reasons) ... but am wondering ... is
this actually TRUE? For those that are buying the house right,
rehabbing within budget and selling at a reasonable market value ...
are you having a hard time unloading your inventory?
I am considering moving my rehab operations back to So Cal ... but want
to make sure the market is there for it ...
Thanks everyone & have a prosperous day!
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