All Forum Posts by: Erle Mcdonald

Most auctions are cash at time of sale if it is a trustee auction (courthouse steps). If you are buying one on a auction sites... sometimes they allow for a finance contingency. You should check the auction disclosure documents to see if they are allowing in on this particular auction.

When you say you bought a 4-plex... was it at a trustee sale, traditional sale or REO? In my state that fact would matter?

Chad, I am in Carmel Valley... are you looking for a RE agent course? Drop me a line and I can try and help. Erle

Matt, Wanted to give you a welcome from a fellow BP'er in N. CA. I live down in Carmel (near Monterey). I have purchased a few homes at trustee sales in Elk Grove. Nice area and the prices for SFR's are a lot lower than in my area which is a big bonus. If you are ever down my way please let me know, I also am always looking to meet fellow investors. I have been investing as primary business for almost six years and truly love the flexibility and yes.. the challenges. Anyway... welcome!!!

Thanks for the welcome and the tip on the keywords....

Hello to all, I am a Investor (for the past six years) in the Central Coast of California. I invest in Single and Multi family homes in and around the Monterey - Salinas CA area and as far south as Paso Robles. Long time lurker on BP but just wanted to say hello and find any like minded investors that might be in or around Monterey.