Hi Nate:
Right now at the Trustee Sales in Los Angeles, properties are going for 85% of market value or higher. There is also a "click" at those auctions. If you are a newbie and show up one day, they will probably bid the property up on you.
My advice for you would be to show up for a month or two and continue to make low ball offers. Once all the regulars see you there all the time, you will have a better chance of getting one. They have at the auctions a thing called "buy-outs"
You will figure out what this is once you start going...
Thank you Jeff! That was helpful. We (my father and I) did a "buy out" on a property that was facing foreclosure and gave it to my brother for what we paid for it. What you mentioned seems to be something very different. I'm sure I'll find out soon enough!
This is a tuff one for me since I am one of those gurus and I like my self the best, but if I had a choice I would work with Sam Zell or John Locke.
Both are straight shooters and this is what I favor.
I have heard good things about Joe Kaiser. I would investigate his programs as well, if I were you
Would you say any of these guys specialize in short sells?
So do any of these guys specialize in short sales?
[addsig]
This was not a part of your original question! Several Foreclosure Pro's do teach short sale procedures some with depth and some not.
I would recommend going to TCI's product & services area.
[addsig]
I am well aware of the plethora of products.
I was looking for personal endorsements for course material.
Hi Nate:
Right now at the Trustee Sales in Los Angeles, properties are going for 85% of market value or higher. There is also a "click" at those auctions. If you are a newbie and show up one day, they will probably bid the property up on you.
My advice for you would be to show up for a month or two and continue to make low ball offers. Once all the regulars see you there all the time, you will have a better chance of getting one. They have at the auctions a thing called "buy-outs"
You will figure out what this is once you start going...
Best Regards,
Jeff Adam
Thank you Jeff! That was helpful. We (my father and I) did a "buy out" on a property that was facing foreclosure and gave it to my brother for what we paid for it. What you mentioned seems to be something very different. I'm sure I'll find out soon enough!