Is Flipping for You?

Thinking about getting started in real estate investing?  There are several ways to get your feet wet.  One option is to buy properties that are suitable to use as rentals.  There are many terrific bargains to be had now throughout Tehachapi, Kern County and the rest of the country. Other investors choose not to hold onto a property once they have purchased it.  This type of investor will buy a distressed property, frequently a foreclosure (also known as bank-owned, or REO), fix it up and…

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What is a Short Sale?

Lots of people have questions about short sales.  What is it? How does it work? Is it good for me as a buyer?  Is it good for me as a seller?  None of the answers are easy, but let’s try to sort out some facts. What is a short sale? A short sale situation exists when a homeowner owes more on his property than it’s value.   For example, a homeowner purchased a home in 2005 for $350,000 and wants to sell it now.  If…

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How Long Before You Can Buy After Foreclosure?

After foreclosure: How long until you can buy again? The short answer is: it depends.  If you are a Tehachapi or Kern County homeowner that is in foreclosure or has already lost their house, you may be able to purchase a home again is 2 to 7 years. Getting a mortgage to finance a home after foreclosure is possible for most homeowners. If you defaulted on your mortgage due to economic hardships, such as job loss, you may receive approval for another mortgage in as…

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