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<p>[QUOTE=&quot;onecoinpony, post: 1159808, member: 18259&quot;]Two types of SoCal RE work real well .&nbsp; First is apt bldgs in low vacancy areas.&nbsp; 15 year loan and in year 16 you can retire off a small 8 unit bldg of 2 bedrooms&nbsp; with each one bringing in $1600 a month( $153,000 income-minus costs=$120,000). </p><p>&nbsp;</p><p>The other is buying one <i><u><b>upper</b></u></i> end residential lot, and building it out, with you acting as the owner/builder.&nbsp; Done all the time.&nbsp; Saves you tons of money because most generals are to lazy to get a bunch of bids, and they all want to use the same subs (read poker buddies, brother in law) they&#039;ve used for years. No bid competition there. I guarantee you you will build it 15- 35% cheaper than most generals.&nbsp; Where it does work (<u><i>homes 2-4 million</i></u>), your second build out is a million dollar profit.&nbsp; btw The first $500,000 is tax free if you live in the home 2 years and are married.</p><p>&nbsp;</p><p>Right now the big builders aren&#039;t building houses, they are however using all their money to buy lots.&nbsp; Great time to go dirt shopping in upper end areas.[/QUOTE]</p><p><br /></p>

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