A personal look at our mobile lifestyle and pursuit of freedom, wealth and happiness
From the monthly archives:
We took the scenic route from Palos Verdes to Long Beach on the way back from visiting a friend. Here’s the video of our scenic drive along the coast in the neighborhood where David grew up. You’ll also see the ocean view home that we almost bought a few years ago and how we missed out on a couple million dollars worth of home equity!
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We were in Scottsdale, AZ last week looking at properties for rent as well as houses that were bought by our partners at the trustee auction to fix up and re-sell. We toured 3 houses being prepared for re-sale, one of them was sale pending already.
House #1 – DC Ranch House Tour (Scottsdale, AZ)
House #2 – McDowell Mountain Ranch House Tour (Scottsdale, AZ)
House #3 – Custom House on Acreage (Scottsdale, AZ)
Looks like the fix-and-flip model is working in the Phoenix area and competition is heating up. Trustee sale bidding is getting pretty competitive for lower-priced houses so some investors (including our friends) are moving up market to higher-end homes with better margins.
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We took a day trip to Temecula this Sunday.
First we met up with our friends Tom & Helen to look at some bank REO listings. According to an agent we spoke to, the REO listings under $200K are getting lots of bids. There are investors who fix up and flip the homes quickly, as well as those who rent them out while waiting to sell in a few years for profit.
We also checked out new homes for sale just for comparison. Here’s a video of us touring a model home priced in the $275K-$300K (before upgrades).
Later that day, we met up with Amber’s parents who are buying a new home in Winchester. We had dinner together with Amber’s parents and relatives in the area and made it back to Long Beach in good time (< 1.5 hr. drive).
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