What a view...

Wednesday, November 14, 2007

$200k+ Discount Off So Cal 4 Plex!




2142 Sunrise, San Bernardino, Ca

That's right, the lenders APPROVED the Short Sale with over $200,000+ discount! This is a cash flow'n 4-plex in So Cal! Hurry, must act fast, experienced investors that know the "1% rule" will gobble this up!

Realtors, you'll love this! 3% + 1% Bonus if you bring a qualified buyer by this Sunday November 18th with a full price offer!

Multi Unit 4 Plex:
All units are 3 bed / 2 bath with 984 sqft each
Rental income: Unit 1: $1050, 2: $1050, 3: $800, 4: $1050 (total $3950)
Property Management Fee: $250 a month, awesome diligent landlord!
Utilities paid by owner: average $750 a month.
All Units Are Rented!
Year Built 1965
Floors 1
Lot Size 9,400 sqft

Repairs needed: new garage doors, change carpet in some units, paint outside of building, new fencing, piping, walls to be plastered, roach infestation, plumbing.

Comparable Sales Data

No. Address Date Price $/PSF Bld/Area Lot Size
Subject Property 10/3/05 $595,000 $140 4,260 9,400

1 . 2215 Sunrise Ln 7/19/07 $555,000 $155 3,584 9,210
2. 2030 E. 19th St 5/25/07 $598,000 $141 4,230 10,220
3. 2165 E. 19th St 4/18/07 $552,000 $130 4,230 10,220
4. 2182 Sunrise Ln 2/28/07 $550,000 $151 3,648 10,508
5. 2094 Sunrise Ln 11/3/06 $585,000 $134 4,360 9,433
6. 2034 Sunrise Ln 11/1/06 $620,000 $146 4,260 9,447


The Real Deal:
Wholesale Price: $397,000
This needs to be sold ASAP before the bank changes their minds!

Tuesday, November 13, 2007

Orlando Fl. 55% LTV Historic Mansion with Huge Profits!

This house has 4,775 sqft of living space, with an attic w/ planked flooring and ceilings that can add an additional 1,000 sqft, perfect for a media room! This property was built in 1930 with brick exterior, 7 bedrooms, 8 bathrooms. The interior is completely gutted, and all architectural renderings already approved valued at over $60,000 are included in the sale. To restore this gem to its glory, would run around $365,000 doing it with high end materials, but can be cut back to $100k with more affordable materials. A recent "Subject To" appraisal has this valued at $1.7 Million!!!

Orlando, Florida
7 bed
8 bath
4,775 sqft
1930 year built
$1,700,000 Subject To Value

The Real Deal:
Wholesale Price: $935,000
$10,000 deposit

"Subject To" Appraisal will be provided after POF and LOI is submitted.

Tuesday, November 6, 2007

In Need of a Hard Money Hero!

FUNDED

Address: Vintage Court, Las Vegas, NV. 89113
Amount needed: $3.5 million
Appraisal Value: $11.75 million
LTV: 29%
16,000 sqft house, w/ 6,000 guest house on 1.5 acres in Spanish Trails
Exit Strategy: Refinance the property within 6 months
Term: 30 to 60 days max (already in escrow to sell for $11.75M)
No Liens on property- FREE & CLEAR!
Need to fund deal on 11/8/07 and no later than 11/9/07
Situation: Client has had this deal in escrow for over 3 months. The buyer was attempting to use conventional financing but the lender kept delaying the submission of the docs after already receiving full approval. 800+ credit score and was putting 30% down. Lender kept promising docs but to no avail we never saw docs. Come to find out the lender was trying to sell the loan which is why he kept delaying. Owners/borrowers have another transaction that they need to close but are waiting to get this transaction done.

**PLEASE SERIOUS PRIVATE/HARD MONEY LENDERS ONLY**

Sunday, November 4, 2007

South OC Rent 2 Own!

LEASED
Who needs 100% Financing when you can rent 2 own with lower risks! I have recently been acquiring condo's and SFR's within the South OC market. If you are interested in hearing more, please call or email me and I can put you to my priority list.

Here's an example of one of them:

Mission Viejo, Ca
3 bed
2.5 bath
1,600 sqft
2 car attached garage
2002 year built
$645,000 current value
$630,000 listed for sale comps
$575,000 Rent 2 Own Price

The Real Deal:
$15,000 Option Money
$2,700 monthly payments
$750 credit to purchase