Anyone Out There Making a Bundle On L/O's in California?????? - Posted by erich

Real Estate Investing
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Posted by Eric C on August 10, 2000 at 11:54:57:

Hi Gene -

I don’t do L/O’s anymore, but when I did them I made sure that I employed a combination of things that included items 2 and 3 on your list.

Yours,

Eric C

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Anyone Out There Making a Bundle On L/O’s in California??? - Posted by erich

Posted by erich on August 09, 2000 at 15:38:21:

I’m in Central California and would like to find others in califorina making lots of L/O deals. I am looking for a L/O mentor with good track record to help me perfect my marketing plan.

Thanks,

Erich

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Re: Anyone Out There Making a Bundle On L/O’s in California??? - Posted by mike

Posted by mike on August 09, 2000 at 19:22:58:

Claud Dimond is very expensive and not worth it !!!
there are other on this site who could help.
Be very careful !!

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Re: Anyone Out There Making a Bundle On L/O’s in California??? - Posted by James

Posted by James on August 09, 2000 at 16:06:32:

Claude Diamond is doing really well for himself in California and he does mentoring.

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Re Mike can you be more elaborate? - Posted by James

Posted by James on August 09, 2000 at 21:45:25:

You say he’s very expensive and not worth it, why?

I have every L/O course offered on this site inclueding Diamond’s and his material seemes to be no better or worse than anyone else on this site.

I do real-estate full time and have found some of his info helpful. Along with Bronchick’s Kaiser’s and even Le Grands.

Maby lease options just don’t work in your area of the country LOL.

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Re: Re Mike can you be more elaborate? - Posted by Gene (Texas)

Posted by Gene (Texas) on August 10, 2000 at 02:07:44:

Hello James:
I too have the same l/o courses you have & even a couple more. After reading your post I’m curious as to which level of protection you use on a s/w l/o to protect yourself against a L/S breech. It seems like the gurus are all over the board on which level to employ. Here is my definition of the levels.

  1. Do nothing-just trust L/S
  2. Record memorandum
  3. Escrow deeds, etc.
  4. Get L/S to sign performance deed of trust or perf mtg depending on your state.
  5. Any combination of 2,3, or 4 above.

How do you handle this? Do you do many s/w l/o? Have you ever had a problem with a L/S breech?
Thanks in advance for your response!

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Re: Re Mike can you be more elaborate? - Posted by James

Posted by James on August 10, 2000 at 16:07:53:

I treat this just like they were selling me the house today. I do a title surch. Set up a escrow account and I have them sign all the cloesing paperwork. Generate the proper transfer documentation. Do irrevocable escrow instuctions and cloud the title.

Thanks.

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Re: Re Mike can you be more elaborate? - Posted by dewCO

Posted by dewCO on August 10, 2000 at 12:50:36:

I’m not Mike either but you mgiht try the PACTrust. IT gives you better protection: www.cal-equity.com