My Deals

Wholesale deal in los angeles ca.

$715k ARV
$531 PP including fee
$30k Repairs

8801 cattaraugus ave los angeles.

email me for more info: rene_roman1@****

I have an investor looking to put money into a deal if all the numbers add up. This building has 11 units with an elevator in the building. The building is a total rehab, priced at 99k but it has been on the market for 649 days. I believe I can possibly get the building for a little less being that it was recently reduced by 10k. My question to my peers I would love to rehab and sale the units as condos. The property has a newer roof, elevator needs servicing and there's possibly 45k worth of renovations. What are the steps to convert to condos and is this a good idea?

From: [email protected]

Date: Fri, Feb 08, 2013 3:59 pm
To: [email protected]

Dear Bennie

The Seller has reviewed the offer and deemed it materially sufficient. Notwithstanding Seller’s acknowledgement that the offer is sufficient for acceptance, the Agreement remains subject to acceptance by the Seller and must be signed by all parties in order to be binding.

REO ID: A323T78
32 LARKMARK RD
VIRGINIA BEACH, VA 23601

Date Submitted: Feb 08, 2013 03:59:12 PM (EST)
Offer ID#: 13522915

(of course I changed the personal information in the email, just wanted to share with beginners the email when you win bids)

Hello DG Family,
A small deal was completed this past week. It, as all deals I am involved with, had some things happen. I am partnering with someone in San Diego, and he thought he could trust his agent, so while out of town, he called his agent on a lead a birddog gave him to put it under contract.

Hello DG Family,
A small deal was completed this past week. It, as all deals I am involved with, had some things happen. I am partnering with someone in San Diego, and he thought he could trust his agent, so while out of town, he called his agent on a lead a birddog gave him to put it under contract.

The below video is the flip that I just completed in California, which is a great way to make money in mobile home parks investing in real estate there. If you like this one please look at the flip I did on me from last years send me away to this years.

http://reevideos.evsuite.com/55park119project1/

http://www.deansmedia.com/play.php?vid=266

Edited to Include --- After Video of Mobile Home Flip: How to Make Money Mobile Home Parks Real Estate Investing: Watch The Video! -- http://bit.ly/UZhE5p

A friend of mines told me last week that his dad has to go into a medical home and that he needs to sell his dads house. The home was built in 1905 and has not been updated or had any upgrades since. It’s in pretty bad shape. To totally renovate it with the latest upgrades and add a bath for a bed suite it will take about $70k. Arv in the area is $155,000.

Medicaid requires the liquidation of most people assets before being admitted into such a facility. My friend told me they do not care what price the house sells for, because any monies produced from the sale will go to the medical home.

I just closed on a deal yesterday that will net me about $18,500 in profits.

I was able to get a mobile home for free from a motivated seller. I borrowed $3000 from a friend to fix up the home. I just sold it yesterday to a very nice lady for $13,500.

How I'm making over $18K with it. This community doesn't allow owners to rent their homes. They only allow people to be owner occupied. So I sold the home on a contract. I got $1000 down from the buyer, she is paying me about $255 per month for the next 6 years. I am becoming the bank with this sale. She will be paying me %12 interest on the amount borrowed. I will make about $5000 in interest over the 6 years.

For many investors the excitement of real estate may lead them down difficult roads to success.

One such road that is fairily common with new investors is chasing every potential "deal" without actually knowing the chances of success on the deal.

Many spend their days and time chasing properties that have no real value, that most likely will not accept an offer from them and end up keeping the investor spinning their wheal.

There are a few ways of doing this but many successful investors have a way of grading a property to ensure a property is worth our time.

Here is mine:

You will normally look for motivated properties that have the following criteria
1) Properties that have been on the market a little longer than normal.

I love doing real estate in the Midwest! Just closed on 3 properties that I purchased for 75K. 2 SFRs and 2 Duplex. I am getting $2500 in gross rents from these 3 properties. My ROI is over 30%! It's hard to find anything wrong with that.
2013 is going to be an amazing year!