• About Us
  • Education
  • Events
  • Contact
  • ****EARN CASH****

OCWholesalers.com

Investment Properties at Wholesale Prices

  • Selling A Property
  • Register for a Webinar
  • Trust Deed Investing
  • Commercial Real Estate

My First L.A. Rehab Story…

January 5, 2011 by Editor

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!

August 30, 2010 by Editor

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.

Costa Mesa Rehab!

February 1, 2010 by Editor

Costa Mesa Rehab!

Costa Mesa Wholesale 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!

Of course you’ve read the headlines saying that not getting enough care about soundness may augment your risk of myriad health woes. For example Symbicort is used to treat asthma attacks. This therapy works by relaxing muscles in the airways to correct breathing. Let’s talk about various remedies. A lot of young men think about “non prescription viagra“. Where you can get detailed info about “viagra without prescriptions“? Don’t forget, think about “buy viagra without prescription“. Having impotency can undoubtedly complicate dating. If you have disappointment getting an erection, it’s vital to visit a qualified heartiness care provider before pursuing any sort of medications. With well-thought-of source you get offers, that can also be redeemed at your local drugstore with a valid recipe for any generic.

Blog Posts

  • InvestClub for Women Panel Dec. 18th
  • HouseFlippingHQ.com features Ginger
  • Winter Real Estate Class – Just Added!!
  • Long Beach Event – Cancelled
  • Upcoming Events this Spring!!

Copyright © 2023 · Magazine Pro Theme on Genesis Framework · WordPress · Log in