Me either...I do nothing in California and I do not wholesale properties in the "traditional" bigger-pocket verbage but here is what a quick google search produced for California and the reason MOST title companies will not allow you to be on the HUD without having a broker's license (agent's get paid through brokers).Source:   http://www.leginfo.ca.gov/cgi-bin/displaycode?

You don't have the same protections as you do if you're doing a traditional type sale.I haven't been to auction.com  in a couple of years but they are very good at driving the price up as high as they can.

I've called some traditional banks and it seems that nobody likes this plan.  

I want to purchase a triplex in Oregon that is going to auction.  There is a 6 month redemption period.  Can I refinance out of a hard money loan during this 6 months?

My thinking is that the appraiser could confirm the exact market value of the house so we can know for certain if we are getting a good deal, even though it would not be required since we are not financing through a traditional mortgage.

The biggest draw to me when I started buying non-performing notes is that I had enough savings to buy them cash, since being an immigrant I didn't have any credit so I couldn't borrow and buy rentals the traditional way.

Hello All,I am expecting to close on my first rental property in 2 weeks and I am extremely excited but i do have a question for you all that are more experienced with buying rentals. I am currently buying my rental t...

The traditional vacation rental areas are always great (PCB, Destin, etc.), but they also may be starting to get saturated.

(I include this only because I wonder if its relevant) Ive been listening to BP podcasts and wonder , should I only look at homes in foreclosure (what is an REO) what is considered a good deal on a home Im about to purchase (do I look at the sales of the other homes on the block) Should I stick with neighborhoods only or do  i go after a bargain thats sits alone out in the country(Is there a large market for those that want to live away from traditional neighborhood) What about these auctions at the courthouse...buying the house with a cashiers check?

A lot of the secondary market consists of people saying "I've got $50m and will purchase the next batch of Fannie Mae loans, paying 2% more than Fannie" -- so obviously that next batch goes into that MBS pool.That's what those people do now, but back then they decided it was more profitable to purchase crappy products than gold standard traditional Fannie.