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Tag: "REO"

Foreclosure Profit System – Review

Jeff Adams’s Foreclosure Profit System

A review of Jeff Adams’s Foreclosure Profit System has to start with a little background on Jeff. He is an ex-firefighter, turned big time real estate investor and seminar speaker. It’s hard to say how many deals he still does personally, but then again, who could blame a gifted teacher for making himself “obsolete” in his buying-and-selling business to leverage his promotional skills?

To kick off his Foreclosure Profit System Launch, Jeff released a free training video that reveals his top three buying strategies in the 2009 market. They have to do with REO’s – bank owned properties, which is clearly one of the single largest type of sales that are currently happening, and banks are extremely motivated sellers.

The great thing about the new fashion of promoting real estate courses and other kind of information and training materials is that these “launches” often give you plenty of information for free that you can apply immediately and see if it works for you. Before you even get to any kind of “sales pitch”, you can achieve results that can quickly pay for the information if you choose to buy.

Foreclosures are definitely an area of deals that you should not ignore, and Jeff Adam’s Foreclosure Profit System is a professional, proven method to learn the latest information you need in the 2009 real estate depression.

You can get Jeff’s Foreclosure Profit System here <== LINK to FREE Video!

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Modern Home – Great Flip to 1st-Time Buyer

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Large 2-story, 4 bedroom, 3 baths – Great Investment

We’ve put two short movies together to walk you through this great 2-story home in SOuth Central Los Angeles. Looking at them will give you a pretty good idea of what it needs. It was built in 1997, so you know it has “good bones” even though the cosmetics needed are making it look ugly now. But hey, that’s what you need to buy to make money in this market, and this one has great potential!


Banks Control Foreclosure Market

Banks are more and more controlling the foreclosure real estate market by slashing prices to move their inventory. According to Dataquick (http://dsnews.com), over 43% of all Southern California home sales were “foreclosure resale” transactions:

“Foreclosure resales continue to be a dominant factor in today’s Southern California market, accounting for 43.6 percent of all resales. That was up from a revised 41.8 percent in June, and up from 7.9 percent in July 2007. Foreclosure resales — where a foreclosure had occurred at some point in the prior 12 months — ranged from 22.2 percent of all resales in Orange County last month to 64.4 percent in Riverside County.”

These “foreclosure resale” transactions are considered distressed sales, and if you see an over-proportionate amount of them in a certain area, it drags down the “median home price” and the “comps” below “fair market value”. If you can purchase a bargain property AT or even BELOW these price levels, you’re getting an excellent deal!

We’ve seen deals from our bank-owned sources that you could get for 30-50% BELOW “foreclosure resale” comps (click here for a sample)! Some of these properties are still available, even in the San Fernando Valley.

Subscribe to our Hot Deal Updates to receive these bargain properties as soon as they become available!


Small Package – Huge Equity…

Best Value in small REO package

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.

Here are the properties:


4 REO’s in LA County Below $200k!

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