I am new here and I need some posts built up on my account.

How is everyone?

I just started looking at bank REOs and am really excited right now about the potential.

I am looking at REOs in Los Angeles and found one that I liked.

Within the Los Angeles metropolitan area there are areas hit mildly, somewhat hard and very hard.

I live in Los Angeles, so this example is based on deals here.

If you lock yourself in an 18 month L/O you won't be able to sell to someone else for that time, so you are guaranteed to lose that money every month.The way I look at L/Os is that I assume the person is never going to buy it.

I am 100 miles from the GC, my campground is a great stop off for campers that start out in Las Vegas or Los Angeles, then it's just a short hop to the Canyon the next morning.

I've been in the business in residential for almost 5 years. Don't know what took me so long, and you can probably blame the present demise on me for getting in.

I did well for the first 3 years and now......

Anywh...

Contracting Company in Redondo Beach, established 20 years. Plans & Bids available.

Don't even try to get started on the tax sales in Los Angeles - the big boys will run you out before you know what hit you.Some states are better than others as well.Texas is my favorite as the interest paid is 25%.

This was in Los Angeles, however, where competition is keen.