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Los Angeles Subscribe to Los Angeles

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Any Los Angeles Real Estate investors interested in getting together?

I saw there was another thread of prior meetings but the thread was locked.

Anyone know anything about the " Real Estate Investors Club of Los Angeles?"

Jon



Jon,

There are many clubs in the metro LA area. I am on a few mailing lists for specific clubs.

There is a link on this site and on other sites (try google) if you want to find REIAs in S CA.

If you want to contact the folks in the other discussion send them a PM. Josh used to be in the metro area so he might have some specific people to contact if you want to attend existing meetings.

John Corey


Real Estate Investor · los angeles, California


I'm definately interested in getting together with other investors in the la area. keep me updated

Been to the REICLA a couple times and didn't like it. I think basically people pay the club to come and speak, to peddle a seminar or program or something, is what I heard. Didn't get a chance to meet too many people out of it though which would have been great.


Real Estate Consultant · Los Angeles, California


i'm in West LA and am interested in getting together

Josh


Real Estate Investor · Thousand Oaks, California


In on the West side of LA too... Ventura county line.

I'm interested.



I am not an investor, but, my brokerage does have over 400 Southern California foreclosure and REO properties right now that we are offering at 65 to 80 cents on the dollar. Almost none of them are listed on the MLS either. I just thought that some of you might be interested.. My name is Joe.



Joe,

Want sort of lender takes the time to list a property with a brokerage and then does not get the benefit of it being exposed to the full market through the MLS?

Does the local Realtor board not have a policy that all listings must be put on the MLS within X hours (24 for one area I know about) of listing?

As a seller I just do not see how keeping inventory off the market helps get it sold. If I wanted that I likely would not list it. I would let agents know I would cooperate (curtsey to brokers) but I would not let them be the listing agent.

Your views?

John Corey



The banks have not " listed" the properties with us technically speaking. Our brokerage has longstanding relationships with these banks and we have agreed to move these homes, typically to investors, without listing them, fast and effectively.



Originally posted by "joepica"
The banks have not " listed" the properties with us technically speaking. Our brokerage has longstanding relationships with these banks and we have agreed to move these homes, typically to investors, without listing them, fast and effectively.

Thanks for the reply. That makes a bit more sense if the bank is trying to keep a low profile. If they have issues moving them I would expect they will start listing so not so bad for your company.

If you have a wining deal you might want to post the details to get people interested. Do so in the correct forum for deals.

John Corey



Will do. I just figured that since this forum's topic is Los Angeles, and since I only have Southern California REO's that I would inform this group first. Thanks for the advice though. It is appreciated.


Real Estate Investor · Palmdale, CA


Jon and the rest who replyed with an interest.

Would be interested in getting together or attending any networks, clubs or setting something up with you guys.

I am in the high desert of Los Angeles.

Still some good deals out here.

E.


Real Estate Investor · Palmdale, CA


Joe,

interested in some more info on your post.

Thanks,

E.



E,

Give me a call and we can talk business.


Real Estate Investor


We're a group of investors having meetings in Pasadena. They've only been going on for a few weeks, and for now they're every Thursday so we can build a good following. It is a free event, and over the last few weeks we've had anywhere from 20-100 people attend. The location may change, but this week it's at the Pasadena Convention Center, with registration starting at 6:15pm, and networking at 6:30pm. The room number changes, so check the board or signs when you get there to find the room. Parking is tricky too, so get there early, and don't forget to bring lots of business cards.


Real Estate Lender · Los Angeles, CA


Just back in town from the holidays. I am interested in networking with other investment groups and individuals. I would love to take advantage of the emerging REO market while it lasts.


Real Estate Investor · Los Angeles, California


Hi Jon,
Just joined the REI Club of LA. I went to the public meeting and it was very much about either joining the club or the sales pitch from a selected vendor. There was a members only meeting that I wasn't able to attend, but apparently that's more investor info, networking, etc.

Looking forward to next month so I can see what it's about.

I'm in LA and looking for rehabs. I've found it pretty hard to comp anything because of all the fluctuation in price and demand.


· Laguna Niguel, CA


I was at the NREIC meeting last night and it felt rather " MLM'ee.. Let me know how the member meetings are. I have a lot of great investment deals so if members actually get to network at these events i'll sign up.


Real Estate Investor · Duarte, California


I am in Pasadena/San Gabriel Valley and I am seeking equity partners or somebody to purchase and/or assigned purchase contracts.


Real Estate Investor · Los Angeles, California


Originally posted by "DnSGlobal"
I was at the NREIC meeting last night and it felt rather " MLM'ee.. Let me know how the member meetings are. I have a lot of great investment deals so if members actually get to network at these events i'll sign up.

Hi, yes, it seems like the public meeting is very much about getting more people to join or some sort of guest speaker that will be pushing their product. There is time for networking and the member meetings offer more time (but less people). I've only had the chance to attend 1 member meeting and they were having a guest speaker about something I didn't care for so I left. Hopefully next month.


Loss Mitigation Specialist · California


Hey everyone, I have attended a Los Angeles Real estate club meeting last week and was not impressed. I spent thirty dollars to hear some guy talk about making millions in four months. Seemed like a scam and being a student I can't fork over thirty dollars every month for a meeting. I am a senior in college and going to graduate from UCLA pretty soon. I am looking for a mentor or some one who is willing to teach the business. Let me know if you are looking for help in the Los Angeles or Orange County area. Thank you.


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