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All Forum Posts by: Arthur Fuller II

Arthur Fuller II has started 52 posts and replied 101 times.

Post: Does the 70% rule apply in SoCal?

Arthur Fuller IIPosted
  • Real Estate Investor
  • Los Angeles, CA
  • Posts 112
  • Votes 31

I've noticed as I'm trying to analys deals that I'm see properties purchased at closer to 80% or if its a 70% of ARV there doesn't seem to be any room for rehab or holding cost. Should I be working from a higher starting point in my analysis or am I just seen people buy properties without doing their numbers correctly?

Post: is the california real estate exam open book?

Arthur Fuller IIPosted
  • Real Estate Investor
  • Los Angeles, CA
  • Posts 112
  • Votes 31

the test you take to get the cert from the school you're using is open book... when you sit for the state test it is not

Post: Notice of Default List for cheap

Arthur Fuller IIPosted
  • Real Estate Investor
  • Los Angeles, CA
  • Posts 112
  • Votes 31

http://www.countyrecordsresearch.com/ - this is a great resource - is $50-$200 a month but the 1st month is free

http://www.propertyradar.com/ - this is what I'm using right now - its $40-$60 a month I think they also have a free trial 

Post: A flip lead in Compton

Arthur Fuller IIPosted
  • Real Estate Investor
  • Los Angeles, CA
  • Posts 112
  • Votes 31

send me the info too

Post: Seller Financing Offer

Arthur Fuller IIPosted
  • Real Estate Investor
  • Los Angeles, CA
  • Posts 112
  • Votes 31

I have heard that some people present sellers with a multi-offer. The all cash price and a seller financing option. I am wondering if someone can point me towards a resource that could show me how to write the seller finance offer?

Thank you,

Arthur

Post: Skip Trace

Arthur Fuller IIPosted
  • Real Estate Investor
  • Los Angeles, CA
  • Posts 112
  • Votes 31

What is working the best for you folks trying to track down property owners? I am finding abandoned and abated homes and sometimes the mailing address is the same as the property address. I send a letter anyway but sometimes there is no forwarding and it comes back.

Truly i want to track down ALL of my returned mail because I feel like if I'm the one to find these people it will be to my benefit.

I've been using Beenverified.com but it hasn't really worked for me.

Thank you.

Post: First deal under contract!

Arthur Fuller IIPosted
  • Real Estate Investor
  • Los Angeles, CA
  • Posts 112
  • Votes 31

That's awesome! Congratulations and good luck!

Post: Los Angeles Bankruptcy Attorney

Arthur Fuller IIPosted
  • Real Estate Investor
  • Los Angeles, CA
  • Posts 112
  • Votes 31

I'm going to be marketing to people who have NOD and NOS. When I talk with these people I would like to be able to refer them to someone who can help them with filing for Bankruptcy if they choose not to sell there house for cash. Please contact me if you can either provide this service or can direct me to someone who can.

Thank you.

Post: Cost of new or Rebuild in Los Angeles

Arthur Fuller IIPosted
  • Real Estate Investor
  • Los Angeles, CA
  • Posts 112
  • Votes 31

While doing my Driving for Dollars I have come across several homes that have burn damage and look like they'd need to be torn down and rebuilt. 

I have 2 questions:

1. to do a quick analysis - what are typical numbers for a new build in Los Angeles per square foot

2. is anyone doing a tear down and build in the LA area that they'd be willing to share the numbers with me so I can get a idea of what that type of project looks like.

Thank you!

Post: What is the nest step after Finding vacant properties?

Arthur Fuller IIPosted
  • Real Estate Investor
  • Los Angeles, CA
  • Posts 112
  • Votes 31

Find a investor friendly Title company and ask them who the owner is.