Nowadays, in LA, I see a lot of properties where trustee sale has been recorded on the property, sometimes over a year and it has not been foreclosed yet.

Yes Ray Lai to all of those answers I've already done a few wholesale deals and got them from word of mouth.

Also want to thank Ray Lai for the info in his Post & Link! 

LA is tough but there's always a workaround for anything!

How do you stay aware of trends in the Tampa market from LA; is there any news feed or anything you're subscribed to so you know whats happening in different neighborhoods? 

@Christian Hansen @Ray Lai I am considering doing property management for my mom on her up and coming properties.

Most mortgage brokers dont do HELOC's on non owner's but we can do cash out refinances with fixed loans on non owner properties and HELOC's on primary and second homes.Try these: Wells will go to 60% on a non owner penfed.org will go to 3 financed properties and up to 80% on a non owner HELOC at resonable rate too probably 1.99 + prime check them outunify financial credit union I think they are out of Los AngelesMalaga Bank out of LA I know only lends in coastal areas of ventura, santa barbara, orange, los angeles and SD I believe but they do 75% LTV HELOC's non owner - commercial HELOCOther places to go would be a local bank like farmers and merchants (F&M) or community banks and small credit unions will typically do these non owner HELOC's.

@Shawn Ward I am located in orange county and would definitely like to come and see one of your flips in LA is the opprotunity ever arises

If you're in LA, I would imagine $20k is not going to get you much.

Originally posted by @Ray Lai:@Cody L.You make some very good points about accounting for common bills as a problem for the property when splitting it by unit.