“Find Hidden Cash”

Really, it was inevitable. Someone decided to share their good fortune in real estate development profits. The anonymous donor has placed cash in envelopes and small containers here in the L.A. Area and turn a generous Easter Egg- like Hunt into a media frenzy, by...

Who is a principal?

Who is a principal? Continuing with our PETIO formula, I want to spend some time on title. Its a little word, however it has big implications. Most people think of title merely as being the owner of something, as in the owner of real estate. When you look at real...

It’s Door knocking Season

The single most profitable activity that I do is to personally knock on the door and speak directly to a principal. It’s also the fastest way to find profitable deals. By principal, of course, I mean a person who has the ability to do business with me. The could...

Are orphan properties on your radar screen?

You know the property. There seems to be one in every community, no many how expensive. Several years ago I had on my street in a seven figure neighborhood. This one even had private tennis courts! If you signed up for my Hunting Club offer, downloaded and read my...

Sometime You Just Gotta Walk Away – Part II

Are parts of the California real estate market turning into Detroit-esque places where plummeting values have rendered some properties virtually worthless?  It’s beginnning to look that way in some of the tougher markets. I walked away from a little deal earlier...

Foul Winds and Goulish Goulash

OK, this has nothing to do with foreclosures, but it’s a good illustration of never making assumptions. Earlier tonight, as I walked outside my home, I could smell the sweet but foul odor that occurs maybe once or twice a year. I try to put it out of my mind but...