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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Nothing stays the same.. Posted by Ward-CA- on June 16, 2002 at 6:58 AM In Reply to: Making purchases Ward? posted by Alfred, CA, Trainee on June 13, 2002 at 2:25 PM : Ward, : I've moved on from doing junior bene buyouts (just not proving lucrative) to TTEE sales. : Are you personally making buys at TTEE sales currently? LA and OC are so over-saturated with investors it almost seems hopeless. Last sale I was at last week, they bid it up to 90% of it's FMV!! What's a poor little investor like me going to do? Join the Foreign Legion? Become a hit man? ============ Alfred, I'm sure it's as competitive as can be in every large, cosmopolitan area in CA right now. But there is one immutable truth—nothing stays the same. But in the meantime you can do two things. Change your foreclosure game or your location. For example, if you're going to the auction sales without much success, try approaching owners before the trustee's sale takes place. Almost everyone who's working with owners has a smile on their face and making an average of about $20,000 to $25,000 per deal and doing at least one or more per month. Another change you can make is to switch to working a smaller county nearby. As you know, the smaller populated counties don't have foreclosure notice services, nor property information services like DataQuick or Damar or MetroScan, etc. In such an environment you truly have the advantage over competitors who can't function without such services being available. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : I've moved on from doing junior bene buyouts (just not proving lucrative) to TTEE sales. : : Are you personally making buys at TTEE sales currently? LA and OC are so over-saturated with investors it almost seems hopeless. Last sale I was at last week, they bid it up to 90% of it's FMV!! What's a poor little investor like me going to do? Join the Foreign Legion? Become a hit man? : ============ : Alfred, : I'm sure it's as competitive as can be in every large, cosmopolitan area in CA right now. But there is one immutable truth—nothing stays the same. : But in the meantime you can do two things. Change your foreclosure game or your location. For example, if you're going to the auction sales without much success, try approaching owners before the trustee's sale takes place. : Almost everyone who's working with owners has a smile on their face and making an average of about $20,000 to $25,000 per deal and doing at least one or more per month. : Another change you can make is to switch to working a smaller county nearby. As you know, the smaller populated counties don't have foreclosure notice services, nor property information services like DataQuick or Damar or MetroScan, etc. In such an environment you truly have the advantage over competitors who can't function without such services being available. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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