OfflineHello DG Family! OK, here is an opportunity RIGHT NOW to make $5,000! All you have to do is bring in a high end buyer that pays the assignment fee on this one. I challenge you to do this; this is a great opportunity to knock it out of the ballpark!
69% of ARV in HOT BEACH CITY IN SOUTH BAY OF CA??? NOT HEARD OF!!!
Custom homes, many variety of comps.
Comps range from outdated to upgraded to high end.
5/2 (and uncounted bathroom in garage) 2613 square feet (APPRAISER MEASUREMENT)
PRICE $785K
UPGRADES AND REARRANGING THE FLOOR PLAN: $85K (only repairs are termiting and termite damage)
**OR** $115K to add square footage over garage (existing structure; adding living area,
which increases ARV dramatically)
HIGH END UPGRADE WILL YIELD PRICE OF $1.125M verified by appraiser and realtors!
IDEA: ****Presell during update to have buyer choose their finishings
Gross profit: $255K
6 months holding costs: (taxes, insurance, utilities, permits, inspections): $21k
Realtor 4% (I have them if you need them): $45,000
Closing Costs (front, back and seller’s): $12,000
NET PROFIT WITH REALTOR: 177K (this is for NO ADDED SQUARE FEET ABOVE GARAGE)
Take advantage of this deal, remove the existing walls and rearrange to make an open and modern dream home for someone.
*****This city is smoking hot right now.*****
UNDER CONTRACT AND READY TO ASSIGN.
IF THIS DEAL’S NOT FOR YOU, I PAY $5K finder’s fee (at this price)
SELLER IS GOING THROUGH FAMILY ISSUES AND DON’T WANT ANYONE THERE WITHOUT US. CAN BE SHOWN BY APPOINTMENT AT MOST ANY TIME; WE HAVE THE KEY.
COMPS (both driven and checking pictures of)available:
HIGH END $/SQ FT= $434/SQ FOOT
(NOT INCLUDING ‘FOR SALE’ OR NEW HOME)!
FLOORPLAN MUST BE OPENED FOR THIS $/SQ FT & IS WHAT THE $85K IS FOR.
PLEASE KEEP THIS THREAD BUMPED (just post to it 
)
DG family, I know you are all out there doing deals and making it happen right now, but this is a great opportunity! I can't believe no one is interested in making $5K?
I am newer though and you are across country, so not sure I would know how to find a buyer out there? sigh! Tammy
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
ANYONE anywhere in the country can find buyers with the internet. Don't limit your belief that you can find amazing places to find buyers.
This is open to anyone, anywhere. We are available to show the property to any interested buyer. I also have a prospectus to give to any prospective buyers. 
Tammy I'm going to send this out to every buyer on my list.. crazy marketing time for me
Josh
"The best is yet to come."
"Never let someones opinion become your reality"
I'll PM you or message you on CFIC if I'm contacted by buyer. You have my wheels turning on this Sat evening Tammy.
Thank you for the challenge.
Josh
"The best is yet to come."
"Never let someones opinion become your reality"
In what area of CA is hot beach city?
Josh
"The best is yet to come."
"Never let someones opinion become your reality"
and I can mail you the wholesale report, which includes all the comps. I leave the address off so people aren't driving by the house though so the seller's privacy is protected.
Hope you find someone!
PMed you.
Josh
"The best is yet to come."
"Never let someones opinion become your reality"
I'm across the country, but let's do this!!
-Glen
"The man who acquires the ability to take full possession of his own mind may take possession of anything else to which he is justly entitled."
-Andrew Carnegie
"Man often becomes what he believes himself to be. If I keep on saying to myself that I cannot do a certain thing, it is possible that I may end by really becoming incapable of doing it. On the contrary, if I have the belief that I can do it, I shall surely acquire the capacity to do it even if I may not have it at the beginning."
– Mahatma Gandhi
I was just in the area this week. I totally see why this area is HOT! Any cash buyer with 785k to spend is a keeper. The profit in this deal for the cash buyer is rediculous. I have bandit signs all over Orang County and am building my buyers list everyday, let's see what I can do.
I have a wholesale report on the property as well.
Contact me and I'll email it to you. I'm afraid to attach it to my post as it usually triggers the spam filters and I have to try to get my post reinstated. LOL
Curious, are your bandit signs staying in place? Mine get taken so quickly, I'm lucky to get an hour of exposure. The ones at the freeway exits seem to last the longest.
and see how it goes!
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
It has not been on the MLS, which is a added benefit for a Southern CA property like this!
HELLO,
I JUST WANT TO SEE IF IT IS NOT TOO LATE, TO HELP OUT ON THIS DEAL. I WOULD LIKE TO SEE IF I CAN FIND A BUYER. LET ME KNOW IF IT IS OK, THANKS
DEIMEN
Deimen Lihpai
Deimen, Contact me with your email address and I'll send you the wholesale report on the property
NO, you absolutely do not have to be the one on contract. This is done all the time using Dean's techniques; Carol Stinson does this as well. One person has the property under contract, the other person brings the buyer; everyone gets paid. Share the wealth, there's plenty to go around.
I have forms I use to get paid for just bringing the buyer to someone who has a property under contract. I have personally done this myself and gotten paid out for doing it.
I brought the buyer, another person had it under contract, but I had the finder’s fee agreement put into escrow so I got paid for bringing in the buyer. In that case, it was a short sale. In the case of an assignment, the form would be a referral form and the $5K would come at the time the assignment fee is paid.
The buyer shouldn’t care WHO has the property under contract.
This is the definition of Co-wholesaling
If a buyer is serious, they are more than welcome to see the signed contract. But, I do not add the co wholesaler to my contract and have the seller's resign a contract with 2 people's names on it.
Is it legal for me to advertise the property since I'm not the one that has it under contract.
YES! You are not sharing the address, and you can also state right in the ad 'property is under contract, I am assigning the contract' if you don't feel comfortable. I don't even have the address on my wholesale sheet because the seller's are very private and don't want people driving by the property with the kids there. Instead of doing a ghost ad, you are advertising a real property that is under contract.
If a buyer is serious, I will give the address and can provide a copy of the contract and the extension. I usually sign what is called an NDA (non disclosure agreement) or NCND (non circumvent non disclosure) so no one can circumvent (go around) another person; including using the buyer again w/o you getting paid.
You will be working with your buyer throughout, so you will not be sharing your buyer's list with me or anything. If anyone has any other questions, please post them here.
Go on!
Game on!
post on craigslist?
Tammy, i've PM'd you. This is a great opportunity!
~Kristen
My bandit signs got taken down. I put em up Friday, 50 of them (25 in two cities) and i have not gotten a call yet. And some of them that i checked even got taken down. its okay though! it just means i have to pick my spots better and spend more time making the font thicker & bigger. haha!
i hope you email us all back soon. we all want this deal!
Just got back from family time.
I did respond to all the IMs I've gotten! I am so impressed with all of you taking action!!!!!
Greetings!
Let me see what I can do for you! I will do my best.
Together, we can be successful!
I also want to say that public records has the wrong square footage. I did physically measure the house living area and verified the correct square footage as public records had 1 thing, the seller's thought it was another and the building department had yet another. (I have the building department documents too, but they scanned at 20MB.
So, that is why I'm not sending them with my wholesale report and layout.
The seller also recently found the appraisal report from when they moved it and the appraiser measure it at 2613, so my measurements were done very well. (Believe it or not someone did tell me if an appraiser didn't do it they wouldn't believe my measurements could be right. LOL)
Great Stevin! Send me your email address in a PM and I'll get the information to you asap!
Yes, this is a great opportunity!
I also want everyone to let their buyer's know that this city has one of the best school districts in the area. It is true, but I also know from experience, as I graduated from ESHS.
.
A LOT of investors do not know this area as it is a very tiny city, the last Mayberry type of city left in Los Angeles.
So glad to see everyone taking action! Make it happen! We'll get it done together!
i can't wait for the results.
I have a few interested buyers already lined up, but unfortunately it is a little late for most of them to be awake.
Goodluck finding buyers DGFamily! This is A lot of FUN! LETS DO THIS!!
Hi Tammy,
You mentioned the area over the garage that could be finished to give additional square feet. Do you have an estimate of the amount of square feet that would be added if someone choose this option? Could be very helpful to present to buyers. Thank you!
I can't believe I didn't see this sooner, I'm off!
Jean Maestre
The Maestre Property Group, LLC
"Our deepest fear is NOT that we are inadequate, Our deepest fear is that we are powerful beyond measure"
"Do or do not, there is no try"
"Every adversity, every failure, every heartache, carries with it the seeds of an equal or greater benefit"