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Investment Properties at Wholesale Prices

Atwater Village – Rehab Complete!

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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

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!

My First L.A. Rehab Story…

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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!

Los Angeles Rehabbing

Before Rehab

Los Angeles Rehab Project

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?

Los Angeles Rehab is Looking Great!

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Los Angeles Rehab is Looking Great!

Los Angeles New Remodeled House

Los Angeles Views Through New Double Doors

We are moving very quickly with our rehab project in the Cypress Park/Mt. Washington area.  Located at the top of the hill we have spectacular views all around!

This is just an example of one of the rehabs we’re currently working on in the Southern California market.  We are actively looking for some more properties to rehab and/or wholesale to our many cash buyers.

Our money partners on this deal are also very excited about the progress we’re making (not to mention the great returns on their money!).  In today’s market, why keep your cash in a bank CD or Money Market account when you can easily earn 3-4 times that investing with a company like ours?

I’ll keep posting pictures on our progress.  If you’re interested in being on our buyer waiting list for this property when it’s completed please send me an email at support@ocwholesalers.com.  This property is going to have all the bells and whistles–including a large deck to take advantage of the amazing views.

Private Money Webinar TONIGHT

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Sorry for the late notice, but I just found out that there’s going to be a webinar tonight Wednesday at 5pm PST!

I have been using their FREE information to recruit some great private investors for my business and I wanted you to hear them answer YOUR questions for your business.

If you’ve been seeing all the great deals I have been delivering right into your email box, but couldn’t find the money to purchase these properties this seminar is for you!

Here’s some info about tonight’s call:
This is a No Holds Barred “Private Money Getting” Q&A Webinar Where You Can Ask Your Questions… And Real Investors Will Answer Them

… put on by actual investors who have recruited a little over $30.5 Million in private money in the last 6 years. :

When: Wednesday 5/6 at 5pm PST (8pm EST)

What: Fulll Q&A where you can ask actual investors your private money questions… there’s no specific end time… we’ll be on as long as questions keep coming in.

Register Now for this FREE webinar

(If that link doesn’t work try this one)

See you on the call!

Ginger Macias

P.S. There will be NO PITCH to buy any products! 🙂 These guys are awesome.

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