CA Wholesale Blog

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Completely Rehabbed For $.55 on the Dollar!

Anyone need ca$h-flow? This 3 bedroom home will rent for $450 to $600. It is completely remodelled and available at a true wholesale bargain price

One of our favourite exits strategies: Buy for cash, turn around and sell to a “C-credit” buyer for full value. Collect mortgage payments at a super high interest rate for a year and help them refinance out of it. Cash is king in this market, and motivated buyers who can afford the house are waiting in line - if there only was a bank that would have any money left to lend

Beautiful newly, renovated home is located in a family friendly neighborhood. The large, luxurious living room offers recess lighting, and hardwood laminate flooring. Huge updated kitchen. Luxury style bathroom with Jacuzzi tub, porcelain floors, and pedestal sink.

The house is equipped with a laundry room with washer and dryer hookups for your added convenience. Large back yard with wood security fence that’s ideal for pets, children’s play and family gatherings. Close to schools, churches, parks, and area shopping. All this makes this a great rental, or owner financed home.

Liberty St, Jackson, MS 39213 (map)
3 bedrooms, 1 bath, 1,056 sf

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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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Another Great Investment Home: Buy-And-Hold…

Established neighborhoods close to centers of business in safe areas.

That’s the ticket to successful buy-and-hold investing in this market! This is another solid rental home in a nice and established neighborhood that needs a little TLC to make ready and move in your tenant (BTW: We have a bunch of lease/options buyers in that area ready to go!)

Or sell it outright to a first-time buyer.

Hambledon Ave, La Puente, CA 91744
3 bedrooms, 2 baths, 1,152 sf 6,100 sf lot

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More, Better Deals From the Banks

Here is yet another deal that could be a perfect addition to your rental portfolio, or fix it and flip it to a first-time or move-up buyer.

This 3 bedroom, 2 bath home of 1,444 sf is in a good and established neighborhood in Whittier, CA. When you check the sold comps, you will notice that most of them are NOT “foreclosure resales”!

What does that mean? I’m so glad you asked! It means that this area is more stable and not dominated by banks slashing prices on foreclosures.

Let me add to that argument. What about the foreclosure pipeline? How many homes are going into foreclosure in this neighborhood? - You may be surprised: Over the past months new filings of NOD are up to about 4 times the level of 2006.

BUT - in 2006 there were only about 2 new NOD filings per month in the 90606 zip code. So, 4 times that is only 6 to 8 per month right now. Not really a big deal - that’s why it’s called an “established neighborhood” that looks like it will hold on to its value a bit better.

BTW: If you want to take a look at all active foreclosures in the area for yourself, just scroll down to the bottom of this article, and click the link to Free Foreclosure Search…

OK, here is a picture:

Halray Ave, Whittier, CA 90606
3 bedrooms, 2 baths, 1,444 sf 5,600 sf lot

I will post more pictures and a repair estimate later today.

Let’s run some numbers:

ARV (sold comps): $389,000
Assessed value: $581,000
Last sale: $500,000 (8/05)

Our price: $249,000 (64% of ARV, $75,000 below listing)

Act now, this one will be gone very quickly!

Email: tom.b@CaWholesaleDeals.com

Free Foreclosure Search - Click here!

Best Value in small REO package

Currently available a small group of bank owned homes at a huge discount for cash or hard money buyer.

The package consists of 4 SIngle Family Homes that need minor cosmetic repairs (typically carpet, paint, light fixtures, landscaping). These homes make great rentals or flips to first-time buyers.

Here are the properties:

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EASY REHAB in the Northwest!!

This gorgeous home is located in a mature neighborhood off Wurzbach and the I-10.

3031 Colony Dr, San Antonio, TX, 78230

The home has a great, open floor plan on 2061 sf
3 bedrooms, 2.5 baths

Large bedrooms, Fireplace
2 Car Garage with Garage Door Opener
Large Backyard

It is located in the dsirable Northside School District and offers an easy ride to the Medical Center, which makes it a perfect buy-and-hold with strong rental and/or lease/optioon potential.

email tom.b@CaWholesaleDeals.com for more details - hurry, this great deal will not last! (Can be financed or cash…)

Our price: $133,000; ARV: $178,000

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!

Search here for more Foreclosure Bargains in Your Area - it’s FREE!

We’ve done it again! Super Triplex on 24,000 sf lot!

First the bad news: The interior needs some serious help (see slide show). But - you’ve got good bones to work with. The main house has lots of original details like hardwood floors, built-ins and a brick firecplace.

The exterior on the other hand - is in great shape. The main house has a newer roof, good paint, windows, foundation…