All Forum Posts by: Anthony DiRico

If you were dropped in a new city and had 1 month to do a deal, what would you do? Which lists would you target and what marketing would you use?

@Bruce Lynn they honestly don't give much of what I thought I was going to get. I have the assessors ID number so I can't tell the area or type until I search for it in the property records. So it's hard to really separate for the good criteria until I have the entire list scraped. $500 lots? Haha that's wild. I wish I could find stuff like that out in LA. I think I'm just going to have to scrape it or pay someone to do it. Thanks for the input, I appreciate it.

@Larry Higgins I have the delinquent amount but I can't be sure of the total value until I scrape all the assessors IDs. I'm not sure what a CAD is exactly. I know what you mean though in terms of a percentage. It makes a ton of sense. I think I'll be forced to use number of delinquencies and total balance owed at the moment without spending some serious dough on scraping or developing someone that @Keith Thompson mentioned. Thanks for your help.

Keith, I've talked to a programmer friend but am a bit strapped for cash at the moment. I was going to try and struggle through a few more hours of it myself to allow me to put more money into mail, pulling phone numbers, etc. I completely agree and think it's a solid idea but everything great like that comes at a price that I cannot afford at the moment. I guess I could always keep asking around. I appreciate the reply though, thank you.

@Bruce Lynn no there isn't any of that data included. I'd have to scrape it all myself

I just my hands on LA county delinquent tax roll and I'm sorting through the data and am a bit overwhelmed. My excel spreadsheet has about 700,000 rows worth of data and I'm trying to narrow it down to the top 5,000 most motivated leads. Whoever has experience with the tax list, are you finding that best leads come from the most number of defaults, highest current balance due, years in delinquency or anything else? What's the best criteria to focus on? Thanks in advance.

Jay Hinrichs yes but I heard of a few wholesaling companies that only do double closes and nothing else. The escrow companies I’ve also spoke with said they don’t do assignments either so I’m wondering how I go about closing a deal in this state without bringing my own funds or transactional funds to the table

@Jennifer Stutland thanks! I'm not a real estate agent in the state of California but I will reach out to the association and see if they can provide me with any. I haven't reached out to any attorneys in the state yet but will do so. I figured I'd try and save money on legal fees if I could. I appreciate the help.

I'm new to the state and the escrow companies I've talked to said they don't do any assignments of contract and I would need to have the buyer and seller sign some sort of disclosure letting them each know about the double-close. I'm not sure where I can get this. Can anyone point me in the right direction here? Please help!

Thanks Michael Hastings

Hi all, I'm looking to buy my first multi rental and am curious to know, which markets yield good cash flow for lower purchase prices? I currently live in LA and cannot afford anything around here. Any advice is appreciated. Thanks!

Thanks Mike Cumbie that does make a ton of sense. Everything and anything to get an edge seems like best course of action in this business