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Asked by x, Costa Mesa, CA Mon May 5, 2008

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Answers

7
Oc Buyer, Home Buyer, CDM
Tue May 6, 2008
Hi Doug,

Just out of curiosity, which of the REO's in CM are saying are strong buys? We're signing docs in an hour and a half on a Citi property in SW, so I am just asking out of curiosity.
1 vote
Swelman, , Costa Mesa, CA
Tue May 6, 2008
Thanks Doug I'm not looking for a quick flip by any means. I just think this downward momentum still has legs. While no one can time the exact bottom if you pay attention to the market and economic climate you can buy smart. I plan to be ready cash in hand and my clean 755 Fico. I've not owned a home since 2000 so I'm patient.
1 vote
Swelman, , Costa Mesa, CA
Tue May 6, 2008
I won't even jump in to the market till I see them go into the mid 200's especial units smaller than 900sq. ft. If I'm going to be essentially living in a apartment size unit waiting for appreciation possible 7-10 years it's gotta be a bargain. I don't think I'm the only one who feels condo's hit rediculous price increases the last few years.
1 vote
Emily Erekuff, Home Owner, Menifee, CA
Thu May 8, 2008
Hi Doug,

I'm afraid that such an advertisement for your services is not permitted on Trulia Voices. Please review our Community Guidelines located at http://www.trulia.com/guidelines/ and check out our Agent Best Practices blog post at the link below for more helpful information.

Best Wishes,

Emily Gibson
Customer Service Representative
0 votes
x, , Costa Mesa, CA
Tue May 6, 2008
Call me at 949.205.9980 and I will gladly discuss where the strong buys are in the city. And I'll also talk to you about the unique nature of this foreclosure market and where I think this market will find the bottom.
Web Reference:  http://www.dougbirnbaum.com
0 votes
x, , Costa Mesa, CA
Tue May 6, 2008
Real Estate is a holding game. 7 to 10 years is not a super long time to hold onto a real estate investment. If you are looking for a quick return I would suggest jumping into the commodities market. You can really make some fast money. Black jack is another way too! The real benefit of owning real estate is the tax advantages coupled with the amortization of your loan along with appreciation that you get out of owning. So if you are going to sit on the sidelines and rent for 7 to 10 years you can just consider all of that money that you apply toward rent going up in smoke.
Web Reference:  http://www.dougbirnbaum.com
0 votes
Lourdrie McN…, Agent, Long Beach, CA
Mon May 5, 2008
Doug,

Do you have a Townhome, 2/2 with central air, patio and at least 1-car garage, priced around $325,000. You can email me back at loubandb@ca.rr.com.

Thanks.
0 votes
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