What areas do you believe are undervalued for buying houses that need rehab, doing them up and off-loading?

In Buying Property - Asked by angela f. - Jun 21, 2009
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Answer(s)

Bill M.
Broker/Agent
Torrance, CA

I have several choices depending on the re-sale strategy. For one Inglewood due to the proximity to LAX Airport and the employment. It was marked down 28% from 2008 median prices in LA Times recently.

Jun 22, 2009
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Paul S.
Broker/Agent
Glendora, CA

Right now a rehabed house in the Inland Empire of California is a hot item. There are multiple offers and very little inventory. The supply is low and the demand is high and many houses are selling for over their list price. Hard to believe but it is true. The government in their infinite wisdom has constricted the inventory by placing moratoriums on foreclosures while at the same time encouraging buyers with a multitute of incentives. Lurking in the wings are a slew of forclosures. Do a flip before they hit and you can hit a home run.

Jun 22, 2009
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