Investment Properties at Wholesale Prices
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
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!
Deals! Deals Everywhere!
Riverside Wholesale Property
OCWholesalers.com has been flooded with great deals these last couple of weeks! Word has definitely gotten around that we don’t mess around but can help both sellers and buyers to get the deal done.
We have deals for everyone: rehabbers, landlords, subject to deals, free and clear… well we’re keeping the free and clear for ourselves. Don’t worry though we have some great wholesale properties you can buy right now!
So sign up to receive instant access to our discounted Southern California wholesale deals or call us for more information.
If you have a property you want to sell with no hassles or high selling costs, give us a call and we’ll give you a cash offer!
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Costa Mesa Rehab!
Costa Mesa Wholesale Rehab
We’re looking for back up offers on this wholesale deal! Looks like the buyer may not be able to close on time. We need to close by FEBRUARY 8th, so cash buyers only!
Quick run down: Purchase Price: $494,000 | After Repair Value: $900ks | Repair Estimate: $160k
For more information sign up to receive property alerts (Box on the left) and you’ll be directed to our deal page.
or just contact us!
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Check out our wholesale properties!
We’ve been working hard to bring you the best deals in Southern California! Word has gotten around that we can close on our properties and sellers have been sending us their properties. So take a look at the deals we have right now. Some of these are great for the fix and flip rehabbers, whiles others would be perfect for landlords.
Great fixer for rental or flip!
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