Today I wanted to offer a play-by-play on just one of our investment clients: 2013: Purchased a 3 bed condo in South Coast Metro for $128,000. There were 27 cats that lived in this property, all without litter boxes, the smell from the nitrogen in the urine permeated everything, along the top of all the walls had 8 inches of mold, floors were all warped. Funny thing was, they had a $2,000 Viking stainless steel range stove, nearly brand new. 2013: Spend $23,000 to fix it up, including new everything. Little to no repair work for 7 years afterwards because we did it right to begin with. Instant equity as price was $175,000. 2013: Rented for $1,700 2014: Rent increase to $1,750 2015: Rent increase to $1,800 2016: Rent increase to $1,850 2017: Rent increase to $1,950 2018: New tenant, rented for $2,000 2019: New tenant, rent for $2,300 2020: SOLD during the Coronavirus for $360,000, under contract with the proceeds for most of the downpayment for a $1.367M 4plex purchase in...

The stay at home initiative, or quarantine, began on 3/20/20. At that time we only had one active lease, we are going to call that: Rental A. We gather leads during the week and send out a showing text on Friday, for a showing - Open House Style - on Saturday (Sundays as needed). As you can guess, or lived with us, everything was sluggish as no one knew what to make of our hopefully temporary circumstances Week 1 of Quarantine: 3/28/30 Rental A - 3 Bedroom Townhome Yorba Linda: 7 Inquiries | 0 people attended showing | 0 groups attended showing | 0 Apps Makes sense right? Everyone was told to Stay At Home, not look for home, so they stayed home. Week 2 of Quarantine: 4/4/20 Rental A - 3 Bedroom Townhome Yorba Linda: 4 Inquires | 0 people attended showing | 0 groups attended showing | 0 Apps Less inquiries and similar attendance. But the show must go on right, so we kept at it. To make things even more interesting, Rental B and Rental C went live on the market between W...