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Fontana Beauty!
Perfect for value-concsious end-buyer. This move-in ready 3-bedroom home in Fontana fits the bill for value-driven first time buyers as well as landlords.
It’s a solid rental home in a nice and established neighborhood that needs very little cosmetic touches to make ready and move in your tenant (or yourself!)
Or sell it outright to a first-time buyer.
Paine St, Fontana, CA 92336
3 bedrooms, 2 baths, 1,674 sf 9,380 sf lot
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Nice Compton Home – Fix-And-Flip Or Hold…
The bank’s had enough of the credit crunch…
Watch this short movie to walk you through this great first-time buyer or investment home in Compton. It needs minor cosmetics, and there are several creative additions. One of the bathrooms seems to have been added (probably unpermitted), and there is an extra “bedroom” with private access that was created from a covered porch. Don’t miss the “outhouse”!
Watch the Walk-Through Video here:
E El Segundo Blvd
Compton, CA 90222
3 bedrooms, 1 bath, 956 Square feet (Actual: 3 bed, 2 bath – plus the “outhouse”)
ARV: $237,000
Sold comps in the area are almost exclusively “foreclosure resale” transactions. By and large these are bank owned properties in bad shape. The key to prosperous investing in this market is to rehab a good product and sell it at an affordable price that allows for a reasonable profit. – Or hold on to it and rent it out for the big payday and wealth building strategy.
Our cash price: Only $109,900 (includes assignments)
Repairs: $16,500 (paint, carpet, minor repairs, cleanup, appliances)
Call now to lock in this great property: 626-921-5881
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Cute Spanish Style Home – Great Investment
This adorable Spanish-Style home is in the “County Strip” (no rent control!) It’s located on a very attractive street in Vermont Knolls, South of Manchester, East of Normandie. We’ve put a short movie together to walk you through this great first-time buyer or investment home in South Central Los Angeles. Looking at them will give you a pretty good idea of what it needs. Aside from a small roof problem, this home needs only minor cosmetics!
Watch the Walk-Through Video here:
E 93rd St
Los Angeles, CA 90044
2 bedrooms, 1 bath, 730 Square feet
ARV: $239,000
Our cash price: Only $109,900 (includes assignments)
Repairs: $10,000 (including roof repair, carpet, paint, minor repairs)
Call now to lock in this great property: 626-921-5881
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Large 2-story, 4 bedroom, 3 baths – Great Investment
We’ve put two short movies together to walk you through this great 2-story home in SOuth Central Los Angeles. Looking at them will give you a pretty good idea of what it needs. It was built in 1997, so you know it has “good bones” even though the cosmetics needed are making it look ugly now. But hey, that’s what you need to buy to make money in this market, and this one has great potential!
Banks are more and more controlling the foreclosure real estate market by slashing prices to move their inventory. According to Dataquick (http://dsnews.com), over 43% of all Southern California home sales were “foreclosure resale” transactions:
“Foreclosure resales continue to be a dominant factor in today’s Southern California market, accounting for 43.6 percent of all resales. That was up from a revised 41.8 percent in June, and up from 7.9 percent in July 2007. Foreclosure resales — where a foreclosure had occurred at some point in the prior 12 months — ranged from 22.2 percent of all resales in Orange County last month to 64.4 percent in Riverside County.”
These “foreclosure resale” transactions are considered distressed sales, and if you see an over-proportionate amount of them in a certain area, it drags down the “median home price” and the “comps” below “fair market value”. If you can purchase a bargain property AT or even BELOW these price levels, you’re getting an excellent deal!
We’ve seen deals from our bank-owned sources that you could get for 30-50% BELOW “foreclosure resale” comps (click here for a sample)! Some of these properties are still available, even in the San Fernando Valley.
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