All Forum Posts by: John Moore

Well the one I am referring to meets out here in Los Angeles. Maybe it is affiliated? It is called the Los Angeles Real Estate Investors Club. Here is the link:

https://lareic.com 

Good point Nabil and thank you for mentioning that. I have actually not activated my license under a broker for that specific reason. I am inactive until I do, and I was advised that as long as I am not acting as a realtor on any deal that I am wholesaling on I should be ok.

Hello everyone. I am a realtor in the Los Angeles area that has recently started to pursue wholesaling, mostly focused on probate sales. I am looking to build my network base of buyers and wondering if anyone has any experiwnce with the investment group Los Angeles Real Estate Investment Club? Is this group worth my time and money in your opinion? Any experiences that you can offer would be appreciated. I am also looking into Renatus. I’ve seen a number of posts on this forum with mixed reviews on them.

Thank you for the advice Mark. After several trips to the probate court, I think we are in our way now. I will post more questions as they arise. Thank you for the advice.

Originally posted by @Mark Pedroza:

You'll need the decedent(s) name and probate case number. I cross reference the decedent's last known address to make sure he/she owned the property.

"Notice of Petition to Administer Estate" is the probate heading that will be your starting point.

Every probate file you research is a real estate opportunity.

Originally posted by @Will Long:

Usually 50/50.  Be careful and trust the person you’re partnering with.  Both names should be on the contract..

Thank you for the heads up. We were able to reach terms as of yesterday at 50/50 split and are moving forward. I appreciate the advice

I am venturing into a partnership where I will be splitting commissions on wholesaling deals. Does anyone have any sample contracts or examples of how you can equitably split commissions on deals between parties when you are partnering on wholesaling deals with someone?

Great post. I am in this same situation now here in Los Angeles currently and this advice is very helpful. I am curious if any of you all are still doing probate sales here in the Southern California area and wouldn't mind me inboxing you with a few questions?

I’ve started to dig deeper into probate whole saling. I’m curious what I should be looking for at the Los Angeles court? What type of things do you look for in the probate files that let you know you are on to a hot real estate lead?

@David Waddleton I’m finding good projects in this price range in Baton Rouge, La right now.

@Jeremy VanDelinder keep me posted for any future related work. I am in the area and looking to get my feet wet with more experience of any kind in the market.