Flipping is dead

Every time you make an offer to  a bank, be prepared to close. There is no assignment regardless of what some “guru” tells you. You can do a double close but it is risky and complicated. Your deposit is at risk unless you have someone who is willing to put...

This is why follow-up is so important

Here is an example of a property that was originally listed for a dopey amount by the bank and sat on the mls. It fell in and out of escrow several times (like most do) when you are dealing with reos, and short sales. Then the bank got real and dropped the price...

I may be on T.V.

I got a call from a casting director for a show called flipoff. They wanted a pair of investors so i called my son Bill. We did the interview with me here in LA and Bill on Skype. In the interview we talked about a property i have under contract. The problem we...