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You can raise it to $100k if you want. But I don't want to take advantage of you and you'd better talk to your wife or kids before making such a decision. Also you may need some professional advices.http://www.redfin.com/CA/Irvine/5-Pasadena-92602/home/5772704 Call Gary and ask him why he is...

Which escrow company do you recommend?

It's better to be busy like Mike than sitting in front of a computer and pitching business to new TI members, even though most of them already have agents.

If you are so sure the house is way over the market, why don't you take my $10k bet and run away like a coward? What you miss is the intelligence to understand his business. 

This is just an Irvine house backed on Culver. I bet Indie will give up his kids for a Laguna Beach house.

She is in model/show business. I am sure CPAs' on this board would recommend her to form a S corp. All the money will go to the S corp first. Her implants, her Bentley, and an expensive Palm Springs vacation are all business expenses.  Even if she is audited by IRS, her CPA can defend all the...

Suppose your Irvine house value is $1m now and the price goes down 10% next year as you wish. You lose $100k. Your dream $3m Laguna house may go down 15% next year due to lower affordability. You pay $450k less for such a house and your NET gain is $350k. The lower the Irvine market goes, the...

Indie may have purchased low. But he HELOC'd for his porsche and other fancy stuffs. Now he needs to bring cash to the table to sell this house. I am sure he is eager to get rid of his Irvine house as soon as possible so that he can buy a Laguna Beach house that carries real premium, not the...

I know and thought you like it. But you acted defensively when you were on the receiving side of sarcasm:)

What a surprise! Irvine expert like you don't know the differences between Northpark and Northpark Square except the gates. Probably IHO can give you some advices.

Factoring in 5% realtor cost, 1-2% closing cost and holding cost, this flip is a money loser even at full price of $999,900. If the flipper is the listing agent, then he may be able to break even after so much effort.

It's in Northpark Square. The comp is in low $900k in that area. And this house is back to your favorite Fwy 261 where you can race your Porsche.

http://www.redfin.com/CA/Irvine/76-Pacific-Crst-92602/home/5857886 This house was sold to third party in trustee sales on 4/21 for $946,000. One week later it's for sale at $999,900. It's a money loser out of the gate.

You misunderstood USCTrojanCPA. He looked you up as a rich brother. He wanted you to contribute $9900 and he would contribute the rest $100.

I think it's a little bit less than 100k.

How often do you drive through that section of Culver? It's almost end of Culver and the traffic is not heavier than Alton, Main, Barranca, etc.

I will bet $10k with you for $1.1m.

Here comes $1m+ premium: 1. Bigger house, nicer upgrade, $300k+ 2. 10000SF+ lot, $400k+ 3. Ocean view with cool breeze, $250k 4. Uni High: $100k 5. Gated: $50k

Some foreign buyers can't qualify for any loans here.

The guy didn't get good advice. He could have purchased 56 Fire Thorn in low $800k from trustee sales.http://www.redfin.com/CA/Irvine/56-Fire-Thorn-92620/home/5931258