Member
Joined: 2011-05-21
Points: 57
OfflineName:
Paul Mac
Location:
San Diego, CA
Interests:
Real Estate Profits once again! Pilot, Mechanic, Instructor and Computer Programming
I Buy Houses Paul
All About WaBenzer
OfflineTopics I've Participated In
| Title | Poster | Replies | Updated |
|---|---|---|---|
| Buying Fannie Mae homepath properties within the first look period | Bryantmac | 2 | 8 years 13 weeks ago |
| Wholesaling Basics 101 | Elena M | 180 | 9 years 38 weeks ago |
| True deal #5 done! | CaliTony | 14 | 10 years 6 weeks ago |
| Real Estate Investing Weekly Wisdom #280 - (MASSIVE MOMENTUM) delivered... | dgadmin | 44 | 10 years 31 weeks ago |
| Don't say "No!" | WaBenzer | 0 | 10 years 44 weeks ago |
Basic Info
Occupation:
RE Investor
Children:
No Children
Education:
Completed College
Status:
Single
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On 14:38pm, August 25th, 2013 willowme said:
SD property
Hi Paul,
I looked at the numbers on this property and as listed by you and the flyer, it doesn't add up. Help me understand. Is the ARV listed wrong?
Cost $267K + Repairs $75K = $342K
and you have the ARV listed at $324K
How does that make the investor any money?
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On 8:51am, August 30th, 2013 WaBenzer said:
Fairmont Av Numbers Off
Hi Willowme!
Yes, sorry, that was the first locked-up deal for me.
I had difficulty with how to market it and at one point obtained CMA twice and used my own title company data.
One strategy was to afford a lesser sale price by targeting less money to just fix the dwelling and let the garage wait for a year, thus the $30k repairs.
Another was to bring the shop and dwelling to acceptable condition, thus the $75k repairs which didn't make sense.
The flyer app I used generates html to copy and paste manually into some popular sites like CL and others. It looks like I didn't regenerate the html after changing the repair field in the app. The field value appears in one place and the html-built value was no longer the one in the auto-post version of the ad.
But, you may find that my latest contract is better:
http://paulsllc.vsites.com/home ;
http://sandiego.craigslist.org/csd/reo/4034673726.html ;
. Please let me know what you think!
Thank you for the note!
Paul
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Welcome aboard
Welcome to the site and the family. Take time and fill out some more on your bio. This is where we come to see who you are and what it is you are trying to do here. If you need help with mentoring or have a question shoot me a PM.