DOH! New PS2 crapping out

[spank247]

Ok, so I purchased a white PS2 (racing pack) when i was in Thailand cuz it looked really cool. It was modded to accept all region DVDs and to play "non-factory" games. The unit played fine for like a day and then all of a sudden it appeared to have lost power and the reset light turns on. So now it runs for like 5 minutes and then powers off with the reset light flashing. I know this could be a number of problems but maybe somewhere has some insight for me or maybe a local shop that someone can recommend. I am located in Southern California in the LA/Torrance area. Any help would be greatly appreciated.