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.
Large 2-story, 4 bedroom, 3 baths – Great Investment
Look at the movie to walk you through this home. It needs major cleanup, but it was built in 1997 and has great potential!
Watch Part 1 – The Main House (scroll down for Part 2!):
E 110th St
Los Angeles, CA 90059
Assessed value: $419,000
Last sold: $450,000 (11/17/06)
Our cash price: Only $169,000 (includes assignments)
Repairs: $25,000
Quick sale value in good condition: $298,000 (there have been several recent sales near $400,000)
Email now to lock in this great property: tom.b@CaWholesaleDeals.com
Part 2 : Back lot and Units:
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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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
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…
