CA Wholesale Blog

S Hoover Blvd, Los Angeles, CA 90044

4 bedroom, 2 bath 1500 square feet

Needs cosmetics only, no kitchen or bathroom rebuilts…

ARV (appraisal): $395,000

Quicksale value fixed up: $295,000

Our price: $198,500

Repairs: $15,000

Gross Equity: $180,000+

Don’t let a deal like this slip away!

Email for details: tom.b@CaWholesaleDeals.com

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Stewart St, Baldwin Park, CA 91706

2 Bedroom, 1 bath house 800 sf

Needs very little work; almost all upgraded, just some fixes and repairs

Great buy-and-hold rental; recent sold comps around $300,000

Our price: $197,000

Email for full address: tom.b@CaWholesaleDeals.com

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N San Antonio Ave, Pomona, CA 91767

This is a light fixer with 4 bedrooms and 2 baths on 1149 Square feet of living space.

Conservative resale value (ARV): $260,000

Appraised Value (for buy-and-hold): $325,000

Our price: $197,000

Repair estimate: $17,000

Email for full address: tom.b@CaWholesaleDeals.com

====> Sign up to get on our FREE wholesale list to receive deals like this FIRST ===>

More banks are feeling the pressure, and we have negotiated prices yet another $100,000 below recent “foreclosure resales”.

Speaking of “foreclosure resales”, did you know that the June sales statistics included 41% of foreclosure resale properties in Southern California (properties that were sold by banks or lenders after they had been foreclosed)?

That’s great, because it means two things:

1. Foreclosure inventory is starting to move because banks are pricing more aggressively;

2. Median home price data is dominated in some areas by discounted properties. So the steep drops are exaggerated leaving more opportunity to investors and buyers who understand that.

Anyway, back to our available deals. Four properties that are all cosmetic fixers. Some need very little repair. These are perfect to fix and keep as rentals in this market. They will cash flow AND appraise for a lot more than you’ve put in. So, refinancing will be an option for your buy-and-hold strategy.

Two properties are located in Pomona, CA in decent areas. One is a 4 bedroom(!), the other a 3 bedroom.

The third deal is located in Baldwin Park, CA. It’s a 2 bedroom, 1 bath house. Good condition, great keeper.

The fourth property is in Los Angeles, in a fairly decent neighborhood in South Central.

All properties are between 60% and 65% LTV and priced just under $200,000. Recent sold comps of mostly REO properties are in the $270,000 to $300,000 range. Appraised values after repairs will be in the range of $325,000 to $350,000 on these.

Please email me ASAP for details: tom.b@CaWholesaleDeals.com

If you’d like to take a breather…

…from California’s turbulence and volatility, why not make some money out of state?

In a nice and stable, bread-and-butter real estate environment like for example Kentucky?

We have a wholesale deal for you to buy-fix-rent or buy-fix-flip. - At about $.60 on the Dollar (including repairs!) you really can’t go wrong.

Plus, the price fits anyone’s budget! Call me ASAP to snatch this deal! 626-232-6773

First one to wire $5,000 deposit gets it…

2627 Portland Ave, Louisville, KY

2 bedroom, 1.5 bath Single Family Home
1045 Sq Ft, Built 1900.

Repairs Needed: new roof, paint, carpet, and some TLC minor updates throughtout;

Estimate: $11-13,000

Our price: $23,700 (includes assignment fee)

ARV $60-65,000 (58-62% LTV includes repairs)

Don’t worry if you’re out of the area! We have teams on the ground that can provide bona-fide contractor estimates, organize the repairs, get the place rented and/or sold, depending on your exit strategy.

Are you ready to steal from the banks?

This is literally a case of “legal” bank-robbery in the 21st century…

We have negotiated two incredible steals for wealth-buidling investors that are NOT IN THE MLS!

The first one is a 2 bedroom, 1 bath house on Prospect Ave in the 90270 zip code which is Mayflower.

The bank foreclosed in April for a nominal price of $360,000. The most recent sold comparables are in the $300,000 range for an REO property in poor condition.

Our cash price is only $237,000 (including all assignment fees)!

Call me at 626-232-6773 to lock it in NOW!

The second home is on Bell Ave in Bell (90201). Also a 2 bedroom, 1 bath home. This one sold for $450,000 in 2006. Bank took it back for $376,000 in 2007. Recent comparable sales are in the $300,000 range as well (again for mostly bank owned homes in bad shape…)

Steal this home for only $235,000! Call 626-232-6773…

Benefit From Our Volume - And Get Your Wholesale Properties Cheaper…

If you have been trying to find a good source for wholesale deals in California, you may have joined “wholesale web sites” that publish listings of foreclosure or rehab properties for sale.

Well, after paying the sometimes hefty monthly fee (I’ve seen up to $99!) you may have noticed that some of these so called “wholesale deals” have only a marginal equity position. I’ve seen advertised “equity” of $25,000 on a $700,000 property!

Guys, I’m not here to bash the “competition”, but that deal is about as bad as a seller calling you because he wants to save the commission and get more money than listing it with a realtor…

OK, long story short:

Here is a deal that I’ve seen advertised for $145,000 before. Well, our price is only $129,000. That’s a whopping $16,000 off that you can use to rehab the place instead. ARV is $215,000 to $230,000. This deal can be financed!

Call for details: 626-232-6773

Wow, what a great REO opportunity!

This gorgeous home was built in 2007 and sold new for $680,000… It was purchased as an investment and occupied by a Lease/Option tenant. Fast forward only 15 months later: The tenant is still living in the home, but now the bank owns the property. After taking it back at the reduced opening bid of $441,600 we have negotiated with the bank.

The result: They will take $350,000 or even less than that if a qualified buyer or cash buyer can close quickly!

And the best part: The lease/option tenant still loves the house and would be happy to stay at $2,900/month or even more! Absolutely no repairs, huge equity position, cash out with the L/O buyer once the market recovers. This is a no-brainer deal for cash or credit investors! Let’s do it!

Email tom.b@CaWholesaleDeals.com or call 626-232-6773 for details!

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