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All Forum Posts by: Kian Golchin

Kian Golchin has started 9 posts and replied 46 times.

Post: Los Angeles trustee sales

Kian GolchinPosted
  • Tarzana, CA
  • Posts 48
  • Votes 4

Hi Robert,

Do you know of a good one? if you do, can you please tell me more about it

thank you

Post: Los Angeles trustee sales

Kian GolchinPosted
  • Tarzana, CA
  • Posts 48
  • Votes 4

Morry Eghbal thanks Morry, cool site

Post: Los Angeles trustee sales

Kian GolchinPosted
  • Tarzana, CA
  • Posts 48
  • Votes 4

exactly, to be more efficient and to minimize my risk, basically what Hunter mentioned in his article above, i'll post part of it here again:

A: A bidder at the sale (with lots of cashiers checks on him) that has his ears open for bids that are dropped during the sale. The auctioneer will call these out throughout the course of the sale. These bids have the least amount of competition because only the bidders that have a team can realistically bid on them.

B: A person in the field that can drive the property and its comps and is capable of estimating repairs. These people usually straddle the boundaries of whats legal and ethical. I’m not going to get into what people do to insure that they get the property for the best price, but lets just say it’s competitive.

C: A person at home in front of a computer that can pull info on the subject properties and the comps to come up with the maximum bid.

D: A title rep that can let you know you have clean title.

how has the door knocking been going?

Post: Los Angeles trustee sales

Kian GolchinPosted
  • Tarzana, CA
  • Posts 48
  • Votes 4
Originally posted by @Joshua McGinnis:

Hi @Kian Golchin 

I've not heard of this lender, but I've been to trustee auctions. In fact, I went last summer with two local Los Angeles BPer's and we watched a property go for an insane amount over what we all agreed would have been retail ... AND it needed a ton of work. I really don't see how the buyer was going to make money on the deal.

Not saying there aren't deals to be had at these auctions, but know that you are going up against deep all-cash experienced buyers who represent capital management and institutional buyers. It's tough to compete.

I agree but I do see deals all the time, I track it on a daily basis

not impossible doing it solo but would be very risky in my opinion, i'm a realtor and have my appraisal trainee license as well, my dad is a retired GC and I've been around and involved in real estate my whole life but I would really like to team up with a group or an investor who I could help

have you ever door knocked preforeclosures? going to start but I have never door knocked before and I heard it should be fun:)

I follow your posts all the time and you do an awesome job of helping out

Post: Los Angeles trustee sales

Kian GolchinPosted
  • Tarzana, CA
  • Posts 48
  • Votes 4

anybody know about or used the following service?

http://www.anchorloans.com/Equity/ForDevelopers/Tr...

i'm an auction newbie and have never purchased at auction before, only off of the mls

everybody says the margins are thin in LA and I agree but I do see investors making good buys all the time, I track it on a daily basis

I've researched this topic to death but I personally don't know anybody who is active to shadow or talk to

ideally, would love to team up with an investor or group that is already doing this

some good info to share:

http://www.kenihandevelopment.com/2013/01/10/buying-properties-at-the-trustees-sale-in-southern-california/

thank you

Post: Getting started in LA market....or not

Kian GolchinPosted
  • Tarzana, CA
  • Posts 48
  • Votes 4
Originally posted by @Will F.:

Welcome to BP.

If you want to drop by my rehab house flip it's near downtown LA. See the construction side of things

Hi Will,

Does this offer still stand? would love to check it out if you don't mind? I know you were offering OP but I would be really interested

thank you

Post: skip tracing

Kian GolchinPosted
  • Tarzana, CA
  • Posts 48
  • Votes 4

thanks Rick, I think i'm just going to mail to the first address,peoplefinders confirmed that it is in chronological order

will get really expensive and time consuming to mail to all the addresses specially when I have a list of 1000 to skip trace:)

Post: skip tracing

Kian GolchinPosted
  • Tarzana, CA
  • Posts 48
  • Votes 4

so I am skip tracing for the first time right now and I used Peoplefinders.com to try one homeowner of an abandoned house in LA which has the same mail to address in propertyradar

I just got my pdf report from Peoplefinders but there is 10 addresses on there for this guy and his house that I want is the fifth address listed

I called the phone number given and nobody picked up

my question is which one of the 10 houses listed do I mail my letter to?

I am also waiting for accurint and first American to get back to me for signing up an account

thank you

Post: boarded up!

Kian GolchinPosted
  • Tarzana, CA
  • Posts 48
  • Votes 4

found the answer, thank you anyways:)

Accurint from Lexus Nexus.

Post: boarded up!

Kian GolchinPosted
  • Tarzana, CA
  • Posts 48
  • Votes 4

K. Marie Poe

 Hi Kristine,

What is a good skip tracing service? i'm looking at ussearch and peoplefinder, deciding to pick one to sign up with, is there a better service out there?

i'm basically finding abandoned housed which I am finding that the mail to address is also the property address in propertyradar

thank you in advance