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Ken Lee posted a discussion
Cash Flow Properties for a Nickel!
Investors are active in areas like Las Vegas, buying properties around $50,000 or less that are cash flow positive. There are even places in CA, even in the the San Diego metro where cash flow properties are being purchased at low prices.  I'm not…
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Jan 25, 2010
Ken Lee replied to Ken Lee's discussion Bank-Directed / Streamlined / Pre-approved Short Sales - How to get in line with designations or otherwise?
"Thanks Mark - good to know. Are you pursuing short sales at all?"
Dec 9, 2009
Ken Lee posted a discussion
Bank-Directed / Streamlined / Pre-approved Short Sales - How to get in line with designations or otherwise?
In my gossip circles I've heard in the past week.1) Fannie will dump REOs so they can transition staff to facilitate short sales2) Another Big 4 bank will concentrate efforts towards short sales in facor of REOsI've taken courses on short sales…
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Dec 9, 2009
Ken Lee commented on Ken Lee's blog post Top 10 Ways to Know You’re Buying A Dump
"Johnny that's a good one. How about - windows busted and still vacant. Even squatters don't want it!"
Sep 29, 2009
Ken Lee commented on Marcelo Da Silva's blog post How Are You Handling Over The Price Offer?
"Marcelo. I think we'll see more banks using language to force over-priced offers to eat the difference if an appraisal comes in low. One of my clients has already rolled it out. The result on the first listing we tried - the highest offer rescinded.…"
Sep 29, 2009
Ken Lee replied to Carlos H. Silva Sr.'s discussion REO Brokers "Pocketing" REO Listings Without Seller's Permission!!!
"In the past 2 years, I've only double-ended 1 single REO listing. Premier Asset Services asks the question on their online form whether the listing agent is representing the Seller or both parties. Great company, and I have to imagine they pay…"
Sep 28, 2009
Ken Lee posted blog posts
Sep 27, 2009
Ken Lee posted a blog post
America's Favorite Recession Pastime: Complaining About Government.
At some time in life, many of us were told we have no business complaining about things in life that we don't know about, don't participate in, or don't help to make better.I'm paraphrasing a few examples here ...Obama has said it - "I can't do it…
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Sep 5, 2009
Ken Lee posted a discussion
Streamlined Short Sales at Last!
Streamlined short sales or pre-approved short sales sound like the next best thing to REOs, and this topic was given a lot of air time at REOMAC. While it does appear the government is trying to incentivize short sales, who will be the winners in…
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Jun 24, 2009
Ken Lee posted a discussion
Good Training at NFSTI
Here is a letter I wrote to Dan Waterman, founder of NFSTI, after auditing a class this past week. I originally took the class in Oakland in December 2008. I like to promote those who have helped me with my business. We have no business or monetary…
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Apr 25, 2009
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