CA Wholesale Blog

…it’s good to be back in our home (and my home office…), after being evacuated due to the fires near Sierra Madre and Arcadia! (Tanker Drop)

I have a few things to catch up on AND also wanted to let you know about several new wholesale deals in our pipeline.

#1. REO Deals: As you know by now, these are usually extremely good deals that don’t last (sometimes not even long enough to upload pictures to the web site…) Currently we have pre-negotiated deals availale on 99th St, 100th St, and two duplexes on 112th St. They are all EXTREMELY cheap, and our mark-up is very small because we’re focussing on volume. So there is a lot of money to be made - left on the table for YOU!

#2. Short Sales: We’re seeing some great deals coming through right now. A nice, newer home in Fontana, North of the 210, that was last sold for $465,000: It appraises now for $350,000. It’s available for owner occupied buyers or landlord investors for only $249,000 (net). Financing and down payment assistance are available.I also have an in-road to a Quadruplex in Long Beach. It is rented for $4,400/mo. The bank wants $510,000 (plus fees, commissions and assignment). A great multi-family deal to buy-and-hold, if that’s what you’re looking to do. The previous investor paid $735,000 for it (oops)…