All Forum Posts by: Jeff Coga

Jeff Coga has started 2 posts and replied 75 times.

When I first got started, I posted an AD on Clist.. saying I'll buy your MLS access... some agent sold me his MLS access for $100 bucks a month... Is it the right way to do it? Probably not... I didn't know any better at that time... but it worked.

Figure out a way... get creative without going to jail. LOL

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Originally posted by Chris Clothier:

Kevin -

I know that there are 'Gurus' who talk about placing fake newspaper ads, craigslist ads and even posting bandit signs about property for sale when you really have none. To be completely frank, i think these suggestions are made by people who make more money selling goods and ideas to unsuspecting people than they do actually transacting real estate.

Under no circumstances would I ever tell someone to place fake Craigslist ads. There are simply too many investors our there looking for good deals and if you find one and get it under contract, you've done the hardest part. If you have a deal, you can find a buyer.

best of luck,

Chris

^^^^Agreed

Get the deal.. buyers are EASY to find.

Chris, pleasure to meet the fam bam of Kent.

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Originally posted by Will Barnard:

At least for Los Angeles County, the spreads at trustee sales are very tight these days as price points are high and lots of them get bid up higher than I would ever pay. As such, many investors are experiencing fierce competition and very tight spreads, so I would have to disagree with the statement that the good deals these days are being found there (of course that is not to say that no deals are available, just to say they are few and far between).

95%+ of my deals come from the relationships I have built with REO brokers, asset managers, and other contacts. As with most businesses, it is a "who you know" thing.

^^^^ Totally Agreed...

I was wholesaling trustee properties in LA but now... it's tooooo dam fierce.

Bernard, would love to hear why... my thoughts is international money... especially asian mula.

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What Curt said...

Buy it with hard money- fix it then refi cash out.. or use a 203k loan...

Another option is this... take the cash flow and pay down your NEWEST loan first. Why? Because ALL loans have a HEAVY % load upfront... then pay it down til your principal and interest ratio is at 1:1 and then repeat on another poperty...

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Learn to wholesale. Make big chunks of cash fast. When your reserves in the 6 figures then go buy rentals.

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All Forum Posts by: Jeff Coga

Jeff Coga has started 2 posts and replied 75 times.

Post: wholsaling and listing as an agent

Post: Creating fake craigslist ads to attract buyers for buyers list?

Post: Are any investors actively buying at trustee sales?

Post: suggestions on how to keep growing

Post: Want to buy my first rental property