All Forum Posts by: James Hong

I took and passed the exam yesterday.

The online practice questions from Allied Real Estate School prepared me fairly well as there weren't many surprises.

My exam had 4 questions on estoppel, 1 math question, and a lot of questions on SAFE MLO requirements. Also quite a few property ownership and water rights questions.

Good luck on the exam!

@Jeff Coga I spoke to a neighbor checking her mail while driving by the house. I thought about knocking on the door but got spooked when I saw "No Trespassing! No Soliciting!" written on a torn cardboard box hanging on the front gate. Perhaps, I've been watching way too much Walking Dead, but with the boarded up windows, I pictured zombies were about to bust through at any moment. I definitely will try and summon the courage to make contact with them on my next trip.

I wouldn't mind paying $1k for an attorney to evict them. I'll have to ask around about the "oreo cookies"! @Rick H. I can't wait to goto the court for this auction, even if I don't win it at my price I'm sure it would be loads of fun to watch the pros.

Thanks David T.! Good point, if I know they are willing to move out for a fee I would definitely feel more confident when bidding.

Thanks @Mehran Kamari!

Probably wise to punt on this one, I'm just anxious to get my first deal going!

Thanks Edward!

I definitely do not want to deal with any "professional tenants" when attempting to flip this house.

Greetings BP Community, I'm James from Los Angeles. Just finished the BP Beginner's Guide and have listened to about 20 podcasts, what a tremendous resource this site is! I am currently waiting for the California BRE to process my application and give me an exam date. When I obtain my license I would like to work with investors in order to learn as much as possible. Until then, I am looking to invest in fix n flips or wholesale.

A partner and I have been thinking about bidding on a home at an upcoming probate auction. The opening bid is about a third of the ARV according to comps in the neighborhood. The property profile obtained from a title company states that there are no recorded deeds of trusts and no tax owed. After chatting with a neighbor of the house, discovered that a couple of squatters are occupying the property and have been living with utilities turned off.

With the tenant laws in California, is this property even worth pursuing? What is the timeframe for evicting the squatters? What is the going rate for an eviction attorney in the LA area? Any recommendations for due diligence when bidding on probate auctions?

Thank you for your time reading and any replies.

James

Greetings BP Community, I'm James from Los Angeles. Just finished the BP Beginner's Guide and have listened to about 20 podcasts, what a tremendous resource this site is! I am currently waiting for the California BRE to process my application and give me an exam date. When I obtain my license I would like to work with investors in order to learn as much as possible. Until then, I am looking to invest in fix n flips or wholesale.

A partner and I have been thinking about bidding on a home at an upcoming probate auction. The opening bid is about a third of the ARV according to comps in the neighborhood. The property profile obtained from a title company states that there are no recorded deeds of trusts and no tax owed. After chatting with a neighbor of the house, discovered that a couple of squatters are occupying the property and have been living with utilities turned off.

With the tenant laws in California, is this property even worth pursuing? What is the timeframe for evicting the squatters? What is the going rate for an eviction attorney in the LA area? Any recommendations for due diligence when bidding on probate auctions?

Thank you for your time reading and any replies.

James