Subscribe via RSS Feed Connect with me on LinkedIn

Tag: "rehab"

Best Wholesale Webinar Ever

2010 will start with a big bang here at CaWholesaleDeals.com

Over the next few weeks we will bring you the Best Wholesale Information Ever.

Starting on the 7th with a wholesale webinar that will make waves.

Over the months and years in this business I noticed that many beginning real estate investors are following the advice to begin with “wholesaling”.

Because that is the best way to get into the game with no money, no credit, and none of the risks that are involved with many other real estate investing strategies.

Plus, a real “wholesale deal” is supposed to close within a few weeks, and you can get paid for your efforts THAT QUICKLY!

Problem is that many beginning “wholesale investors” are confused. They think if they only know the “numbers”, and locate a deal that fits the numbers they’re good to go, and banking day is right around the corner.

Following the common advice of several “wholesale courses” they go out and start “tying up” deals with “Flex Options”. And if that works, they “market” these deals to their “investor network”. (I know the quotation marks are getting annoying…)

The thing that usually happens next is that a bunch of the “investors” from the “network” are responding with the suggestion to put a “Flex Option” on this deal so they can “market” the deal to THEIR “investor network…

Now, don’t get me wrong, creating some form of paper trail that shows that you are a PRINCIPAL in any deal you market is absolutely necessary!

Because otherwise you’d be acting as an agent without a license, and that can get you into trouble real fast.

My point here is that SOMEONE has to dig up an ACTUAL BUYER for any deal that’s going to pay a wholesale or finders fee to anyone.

And relying on the chance that someone on your “network” has someone on her “network” who might know someone who is potentially a real buyer…well that is one of the worst ways to get actual deals done.

The true reality of wholesale investing is the same as in any other buisness on the planet: YOU as the seller has to know what your REAL BUYERS want and need.

Now, we’re not going to give you a new run-down of the kind-of-old “opposite world” strategy (which is finding the buyer first, and doing this by accumulating large amounts of  “wholesale investors” – the “Flex Option” people who are NOT REAL buyers!)

No!

In this webinar, we will give you detailed, intimate insight into what a REAL BUYER needs and wants from a real “wholesale deal”. That “real buyer” – you might have guessed it – is someone who has cash (preferably) and/or credit (much harder to do a deal) to actually buy it, fix it and flip it (or hold it).

Meet Joe Rehabber

Joe Rehabber is real. He has done over 20 profitable rehab deals just this year alone, over 250 career total.

He has been active and successful in up-markets, down-markets and sideways-markets.

He will share his story of losing big in the “Savings- and Loan Crash”, and how he had to start from scratch – with no money and horrible credit.

And how he did it doing the only thing he knew: Fixing up houses.

Getting to know Joe will give you invaluable insights into the needs and wants of the REAL BUYERS of your wholesale deals: REHABBERS.

Now, this webinar is completely free, and there will be no selling whatsoever.

It will make a big difference for you to attend.

If you are a wholesale investor,

if you are (or want to be) a rehabber – that’s where the big bucks are made, right?),

even if you are a short sale investor (because some short sales could be what a rehabber needs.)

So, I hope to see you on the 7th.

Register here, seating is limitted, and thousands of real estate investors have received this invitation.


“Great Deals Are Made When Nobody Wants Them”

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:


The Bank Has Had Enough

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 


Nationwide Wholesale Deals

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.


Cheaper Than Anywhere Else…

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