CA Wholesale Blog

Raw Footage from Walk-Through

Watch these 4 videos (total about 10 minutes) for detailed walk-through information on condition and layout of the property. It is located on W 88th St in Los Angeles, CA 90044, off Figueroa.

Video 1: Exterior full walk-around.

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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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Spacious 3 bedroom Home - Great Investment Or Fix-And-Flip

This home fell out of escorw and the bank is ready to “dump” it…

Watch this short movie 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. This home needs only very minor cosmetics! - Already has new carpet and updated windows. Some minor cleanup and paint gets thsi rent ready.

Watch the Walk-Through Video here:

E 98th St
Los Angeles, CA 90002
3 bedrooms, 1 bath, 1325 Square feet

ARV: $297,000

Our cash price: Only $179,900 (includes assignments)
Repairs: $10,000 (finish interior paint, minor repairs, wall heater, appliances, has new carpet and windows already)

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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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!

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:

Bank Owned REO deal in Antioch (Contra Costa County)

Here is a great opportunity for you in Northern California. Another one of these no-brainer fix-and-flip or fix-and-rent opportunities that make savvy investors a ton of money in this down market.

W 7th St, Antioch, CA 64509 (click to map)

This is a nice and clean 3 bedroom, 1 bath home in walking distance to the Antioch Fairground. It’s in a very well maintained, bread-and-butter neighborhood, and makes a great rental, or for resale to a first-time buyer this will work very well, too.

Our cash-price is at 64% of conservative ARV (including all assignments AND repairs!!!)

Don’t forget to sign up for our wholesale maling list if you’re here for the first time! Just enter your name and email below the arrows on the right…

Well, sometimes persistence really pays off…

Here is a property that has now turned into a perfect investment property.

Why is that? Because it is now rented and occupied - for $1,100 a month!!!

When I tell you that this is located in California, you would probably expect an asking price of around $210,000 or more… maybe $185,000 if you get a really good deal, right?

Guess again, while I give you the details: 

Front view.. (sorry no more pictures right now.)

This is a nice 2 bedroom, 1 bath home of almost 1,000 sf living space.

It’s located on a 15,000+ sf lot in a good area of Victorville.
The address is 14261 City View Ct, Victorville, CA 92395

The property has been appraised in December 2007 for $215,000.
It is tenant occupied and does not need any work.

Our contract price is $120,000 plus $5,000 assignment fee
(buyer to pay all closing costs).

Cash buyer preferred!

Call my office immediately to lock in this great investment property:

626-921-5882 - Talk to Sandra…