CA Wholesale Blog

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:

Large 4-Bedroom, Great Value

====> Sign up to get on our FREE wholesale list to receive deals like this FIRST ===>

Dalton Ave, Los Angeles, CA 90062
4 bedroom, 2 bath 2058 square feet
The lot is zoned R2 and 5240 sf with alley access.

Sold Comps:

1415 W 55th St (3+2, 1612 sf) - $490,000 - 7/21/08
5158 S St Andrews Pl (3+2, 1805 sf) - $360,000 - 6/26/08
1316 W 52nd St (4+2, 1736 sf) - $500,000 - 2/14/08

(These comps are not “cherry picked”. hey are the only comps available within .5-mile radius and +/-25% of the size of the home.)

This property is currently the lowest listing in the area at $335,000.

Our price: $297,000

This will not last at this price. The market is HOT - proeprties that are priced right are getting multiple offers, so don’t miss out!

email: tom.b@CaWholesaleDeals.com

or call: 626-921-5881 

If you’d like to take a breather…

…from California’s turbulence and volatility, why not make some money out of state?

In a nice and stable, bread-and-butter real estate environment like for example Kentucky?

We have a wholesale deal for you to buy-fix-rent or buy-fix-flip. - At about $.60 on the Dollar (including repairs!) you really can’t go wrong.

Plus, the price fits anyone’s budget! Call me ASAP to snatch this deal! 626-232-6773

First one to wire $5,000 deposit gets it…

2627 Portland Ave, Louisville, KY

2 bedroom, 1.5 bath Single Family Home
1045 Sq Ft, Built 1900.

Repairs Needed: new roof, paint, carpet, and some TLC minor updates throughtout;

Estimate: $11-13,000

Our price: $23,700 (includes assignment fee)

ARV $60-65,000 (58-62% LTV includes repairs)

Don’t worry if you’re out of the area! We have teams on the ground that can provide bona-fide contractor estimates, organize the repairs, get the place rented and/or sold, depending on your exit strategy.

Benefit From Our Volume - And Get Your Wholesale Properties Cheaper…

If you have been trying to find a good source for wholesale deals in California, you may have joined “wholesale web sites” that publish listings of foreclosure or rehab properties for sale.

Well, after paying the sometimes hefty monthly fee (I’ve seen up to $99!) you may have noticed that some of these so called “wholesale deals” have only a marginal equity position. I’ve seen advertised “equity” of $25,000 on a $700,000 property!

Guys, I’m not here to bash the “competition”, but that deal is about as bad as a seller calling you because he wants to save the commission and get more money than listing it with a realtor…

OK, long story short:

Here is a deal that I’ve seen advertised for $145,000 before. Well, our price is only $129,000. That’s a whopping $16,000 off that you can use to rehab the place instead. ARV is $215,000 to $230,000. This deal can be financed!

Call for details: 626-232-6773

This fixer is ready to assign

Located on corner lot ion E 102nd St, 90002

2 bedrooms, 1 bath, 1100 sf, 3500 sf lot

ARV: $360,000
Quick Sale Value: $275,000
Our price: Only $145,000 -
email now to lock it in: tom.b@CaWholesaleDeals.com

The home needs floor repairs and other cosmetic repairs.

Dear Visitor:

…hopefully you’ve had a swell Memorial Day.
We had a little cook-out with the family, and
I just finished giving my three sons buzz cuts.

Way to go for Memorial Day family fun!

OK, I’ve decided to give you a little insight
in my wholesale business today as I want to
talk to you about a very special piece of
real estate.

It’s so special, that I’ve been following up
and prodding the seller for more than a year
now - talk about persistence…

The property is a 2500 sf house on a 20,000 sf
lot in one of the best parts of Arcadia, CA. The
specific location is North of Foothill Blvd,
between Baldwin and Santa Anita: a multi-million
Dollar neighborhood.

Zillow has the value of this property at about
$1,270,000. Newer, 2-story homes in the immediate
area are going for around $2,500,000.

As I mentioned before, this is a fixer. It has been
vacant for a few years and needs updating, but there
is no major damage to the house.

Now, here is my question: What would you do with
this property, and how much would you pay for it?

And I don’t mean theory, what I mean is: If you
are interested in that kind of property AND in
a position to close the deal, how much are you
willing to pay?

This deal is about to happen and I’m really eexcited
about it, but frankly, I wouldn’t want to promise the
seller a price that I can’t close on with a buyer who
is ready to go.

So I thought, why not ask you first…

Now, I know, you couldn’t possibly commit to a deal
like this without knowing more details, and of course
you would have to verify the information that I give
you here.

But suppose for a minute that my numbers are good
and the property is as exciting as I say. What’s
the MOST you’d pay? (I know it’s easy to come up
with a number that anyone would pay, but I don’t
think the seller will go that low.)

Big secret: The key to closing great deals is to
make them win/win, otherwise someone else will, and
you’ll miss out again. BTW: It’s not neccessary to
pay ALL CASH for this. The condition of the property
would probably allow conventional financing…

So, why don’t you leave a comment to this blog post
right now and let me know at what price range you’d be
interested in this deal?

I’ll talk to you soon. - Have a great day!

Thomas Bartke

P.S.: Join the new real estate community at
The Property Channel: http://ThePropertyChannel.tv

It’s free to join, share pictures, videos,
listings, deals, and anything else that gets
you excited about real estate!

P.P.S.: If you’re not on our wholesale mailing list yet,
click here to sign up and get wholesale deals delivered
directly to your inbox…