Investment Properties at Wholesale Prices
We’re very excited to be adding our new class for this winter season. Be sure to sign up early and receive a discount. Simply enter discount code: Early25
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Seats are limited so REGISTER TODAY
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April Events
InvestClub for Women – Two Nights!! April 17th & 18th
This is one of my favorite investor meetings and I will be the guest speaker for both their meetings!!
Tuesday, April 17th – L.A. Meeting – Sportsmen’s Lodge @ 12825 Ventura Blvd, Studio City, CA 91604
Wednesday, April 18th – Orange County Meeting – South Coast Cultural Center @ 9 Truman, Irvine, CA
Both meetings are from 6:30pm to 9:30pm
Hope to see you there!
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May Events
May 5th – Cinco De Mayo
One Day Wholesaling Bootcamp! My popular class is back!! Make sure you sign up early and be prepared to learn and take MASSIVE action!
Click HERE for more information. Make 2012 your BEST year yet!
Before
My Atwater Village property is sold! I’ve learned some great lessons on this property. Most of all I’m very proud of our team who restored this beautiful Spanish style house for the lovely family who moved in.
We’re looking for our next rehab project so if you have a property to sell or would like to partner with us let me know!
As rehabbers we understand what you need, so you can be sure when we have our “wholesaler” hat on we are creating deals with you in mind!
After
Atwater Village – Rehab Complete!
Wow, my team has really done an AMAZING job. In just 7 weeks they have absolutely transformed this Spanish classic house in Atwater Village.
For Sale: 3832 Edenhurst Ave, Atwater Village
We have spent nearly $100k in repairs! There were a few surprises along the way and we ended up gutting the house and garage and pretty much built a new house from scratch. This property has been given a new breath of life: new wood floors, new electrical, plumbing, insulation, waterproof stucco, deck, fence, gate, kitchen, bath…. too many things to name. You can check out the website to learn more: www.3832edenhurst.com
We are now offering this beautiful home for sale in Atwater Village. It’s located in a great neighborhood between Los Feliz Blvd and Glendale Blvd in Los Angeles.
We’re having a “Property Preview” this weekend October 1st & 2nd. Saturday 2pm – 6pm; Sunday 1pm – 5pm.
Hope to see you there!
New Rehab Property in Atwater Village!
Well we picked up another great property to rehab! We’re super excited to bring this property to life.
This property was listed on the MLS and brought to my attention by my great agent. I turns out that someone way out in Tampa, FL had negotiated with the bankruptcy court and lender to release this property for sale. He then listed the property for sale once he got his approval.
This property is in horrible condition: rats, huge roaches, piles and piles AND PILES of junk inside and out. We’ve been working on the property for a week now and we’ve cleaned out everything and have finished all the demolition. Now the fun part starts!
For all you numbers people, here’s the breakdown:
Purchase Price: $350,000 | Repairs: $69k | After Repair Value: $560k
We borrowed 65% ARV hard money (3.5 points, 12.5% interest) and used a private money partner to bring in the down payment and rehab money. My private money partners have invested with me before so they were happy to do another rehab with me! 🙂 They get to earn a super return on their money, while both of them are working in other jobs full time.
I’ll keep posting pictures as we go along!
Next property flip
Well folks, it’s less than 2 weeks until the next wholesaling bootcamp! I’m very excited to share all the great strategies that are working in today’s market. My team and I are in the trenches everyday and know what’s working and not working. The market is changing and it’s important that you change along with it.
This class is great for those beginners who want to get into real estate and for seasoned rehabbers who want to get better at finding deals. Not to mention all the great networking and team building that will happen at the event.
So I hope you’ll join us on April 9th! Check out the video below for a video I made about the topics and guest speakers we’ll have during the wholesaling class.
Register TODAY –> http://wholesalingseminar-april2011.eventbrite.com
Thursday Wholesale Webinar: 6:30pm
Learn to wholesale real estate the RIGHT way! Tonight I will teach you how to get started finding and negotiating real estate deals right away.
I will also show you how to work with my company and leverage the systems I already have in place.
REGISTER HERE: https://www3.gotomeeting.com/register/404823294
My First L.A. Rehab Story…
Well folks my first hands-on Los Angeles rehab is finally complete and ready to close escrow in 8 days! It’s been a long, challenging few months, but it has also been a tremendous – and PROFITABLE- learning experience! I definitely took on a big project that would scare a lot of seasoned investors, but I’m fearless like that! Actually it was the solid numbers and great neighborhood that made it easy for me to decide to do this project. Not to mention my pleasure in seeing a house that was about to be condemned by the city transform into a house so pretty that the buyers want to hold their wedding there!
Before Rehab
After Rehab
This property had great potential structurally and profit wise. WARNING: You are about to see some serious bragging: A wholesaler we found through craigslist brought this property to our attention. This property was about to be demolished by the city and a $40,000 lien put against it. The seller had inherited the property from her aunt and didn’t want to deal with this. The wholesaler was selling this to us for $165,000, but after looking at the condition of the property we negotiated it down to $110,000, which included a $20,000 wholesale fee. At that time the comparable sales were about $400,000 and we estimated repairs at $85,000. The final numbers: repairs were $150,000 and final sale price $515,000. So what could have been a serious drop in our profit was more than cushioned by the recent “bubble” in the neighborhood. All the partners involved in this project are happy with the outcome and are ready to do some more!
I’ve been asked what lessons I’ve learned from this project. There are so many so I may just create another post about that; however, my biggest lesson was to ALWAYS work by the numbers and not the emotion of the project. Even if we had sold at our original $400,000 estimate we still would have made a nice profit anyway.
How about you? What has been some of your recent accomplishments and/or lessons learned from real estate?
Inglewood CASH FLOW property – Hard Money Approved!
Wholesaling Bootcamp a Success!
This weekend’s Wholesaling class was a great success. We had a great turn out and most importantly everyone went home that day with the exact steps to complete a wholesale deal from start to finish. Here are some testimonials:
“Easy to understand the material and I loved the work book. So much good info in it.” –Lupe Murillo
“One day packed w/info, enthusiastically presented w/lots of real life info to use.” –Vicki Maffei
“Ginger’s workshop empowered me to be ready to go out there and do deals! I have all the tools I need to get started: forms and contracts, how to set up my blog, where to find leads, and much more. Thank you Ginger for also being available to help me with my deals and also to partner up by using your buyers! I know I will be making money soon!” –Marguerite DeSelms
I’ll be having another seminar sometime next year. If you missed this class you can download the training manual with audio recordings of the bootcamp under the Product Page. I had a great time meeting everyone and teaching what I do everyday in my wholesaling business.
Stay tuned for some more updates on deals and education coming your way!