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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: This is the truth Posted by Rob on July 28, 2010 at 2:30 PM In Reply to: This is the truth posted by LazyMan on July 28, 2010 at 11:02 AM : As a Flipper in LA, I've had much better luck negotiating SS Deals before and in escrow than buying at the TD sales. : I've been following the auction market for 2 years now in LA and the truth is that investors have been lucky to squeeze out small margin profits in most flip cases; however at this point I estimate 50% of the TD investors in LA are paying more than retail. How many deals do you average each month over the last 2 years by following your methods and if you are successful with SS why do you spend the increible amount of time which is necessary to attend TS auctions? : : : : Yesterday was a terrible day for LA TD Buyers. One of the condos I bid on sold for 5% above the price it was listed for on the MLS (on market for 36 days). Why would someone pay more for a property at the TD auction than the MLS asking price? : : I'd guess the buyer was ignorant of the MLS listing, ignorant of the general market, and over-enthusiastic. : : That makes it hard on the rest of us. : : Dond Follow Ups: Re: This is the truth LazyMan 4:06 PM, 07/28/10 (2) Re: This is the truth MonroviaDave 7:37 PM, 07/28/10 (1) they called them investors in 2007 also, from REITs to The Smallest-Timer. Anyone buying and holding isn't an investor at this point. The ship is sinking. LazyMan 4:14 PM, 07/29/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : As a Flipper in LA, I've had much better luck negotiating SS Deals before and in escrow than buying at the TD sales. : : I've been following the auction market for 2 years now in LA and the truth is that investors have been lucky to squeeze out small margin profits in most flip cases; however at this point I estimate 50% of the TD investors in LA are paying more than retail. : How many deals do you average each month over the last 2 years by following your methods and if you are successful with SS why do you spend the increible amount of time which is necessary to attend TS auctions? : : : : : : Yesterday was a terrible day for LA TD Buyers. One of the condos I bid on sold for 5% above the price it was listed for on the MLS (on market for 36 days). Why would someone pay more for a property at the TD auction than the MLS asking price? : : : I'd guess the buyer was ignorant of the MLS listing, ignorant of the general market, and over-enthusiastic. : : : That makes it hard on the rest of us. : : : Dond [ 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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