All Forum Posts by: Loren Becker

Hello,

I have been looking at a property that has fire damage, a host of liens and code violations in the county of LA.  My problem is I can not find the trustee.  The Property is in trust and the owner passed away.  

Any ideas how to find the trust attorney or trustee ?

Thank you,

Loren

@Wade Alderson

Don't try California because that amount of money wouldn't even get you a modest home.  

Your best bet is to go to some real estate investing meetings and get to know the private lenders.  I buy 1st and pay between 7-9% with little risk.

The only downside with this investing is you give up depreciation.  

Good luck!

@Alexander Felice

Thanks I made a switch from a major bank blue logo to a major bank with horses!  The account was not that old.

I know now from all the good advise to wire transfer without a headache.  

Would you suggest trying a smaller bank?  I feel like the folks working at this branch are not business savvy and probably cater to personal accounts.  

Thoughts 

Thanks

@Elbert D.

Hi Elbert yes a business account.  The next time I will wire transfer to save the headache.

Thanks

Loren

@Justin R.

HI Justin,

That's the plan to do more.  

Thanks

Loren  

@Matt K.

I will figure out how to develop a better relationship with the bankers.  It seem like there isn't really anyone at this branch that is on the ball!

Thanks for the comments

Thanks for the response! 

@Manolo D. Thanks for the advice, I will have a better shot at the next one.

Take care,

Loren

Wow these are the best answers I've ever seen on BP.  Great job!

@Bob B. That makes total sense Thank you!

@Sean Carroll I love it next time!

@Account Closed Cryptocurrency mania all the way!

THANKS ALL

Hello experienced flippers.  

I just flipped my first house and had a sizable check from escrow.    I deposited into my business bank and they put a long hold on the deposit.

What is the best way to deposit these sizable checks? 

Thanks in advance

Loren

@Gary Swank & @Alex Deacon

Thank you for the comments. With the information I feel motivated to as least get MLS access to find and analyze deals and perhaps keep some fees.

Thank you.