Mark is somewhat right I would recommend L/O myself in so. cal and Carltons course is very general its a basic start up course that really introduces you to some creative techniques but thats it it will peak your interest leaving you wanting more. Thats when you get deeper in creative real estate and buying and reading more.
But one thing dont get caught up in this rent to price ratio as long as you buy right you should have no problem in any market including So. Cal.
My course just arrived last night, I just finished listening to a couple of CDs. I have filed for Bankruptcy 2 years ago. I just wanted to know if there are anyone out there who lives in San Diego who has become succesfull with same background. Houses here are so expensive, any feedback wouldbe appreciated.
It would be ideal to buy in your own area, but CA RE is sky high. Consider looking out of state till you get afew under your belt. You’d be surprised what a triplex in Idaho(or similar) goes for. People pay rent everywhere.
The problem with CS in SoCal is that he focuses on getting into the property any way possible as long as it is with no money down and then renting it out for a profit. This not a good strategy in SoCal because of the rent to price ratio.
I would recommend looking into lease options. They DO work well in high priced markets. Get a course that focuses on them rather than CS which is very general.
I also live in SD county. I have been successful with lease-option/ rent-to-own deals. I also took money out of my own home and bought a small condo in El Cajon, planted 2 trees, and put in back on the market for a $2,500 profit. By the way, I did have the one-on-one mentoring program (a $2,500 value) I cannot complete because I am going overseas, I will sell to you for $1,000. It has all the 14 modules, the 800 number to contact the coach, assignments, everything you need. Believe in it! Being creative is something you need to ‘educate’ your prospective seller. It can be done. Contact 4-sale by owner people as well. I got some responses, made offers, but didn’t win. BUT, if you read the SD Transcrip’s RE section, it talks about the turn in the market. Homes are staying longer, unemployment is rising, electrical rate as you know are driving businesses out, in turn, making people leave. Be patient. If you want to talk about the mentoring program, email me directly.