[quote=SD Realtor]We left trustee sales a few years back after noticing the influx of idiots and moved to hard money lending.[/quote]
Good for you, SDR! I’ve got several books I’ve had for years on that subject but never had the capital OR the stomach for it.
I HAVE, however, acted as an “information gatherer” back in the day (mid-’80’s) for a C/D lender in Mission Valley who paid me a $250 to $450 “referral fee” for each viable property for him or his “clients” to bid on on the steps.
Back at that time, a knowledgeable, street-wise person who was intimately familiar with said ‘hoods who wasn’t close to the action (dtn courthouse/recorders office) and wasn’t fast with microfiche and cloth binders couldn’t do this job properly and make any money.
There wasn’t any “instant information” … anywhere :=0
It was a nice little lunchtime gig for me for awhile 🙂
