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Comps range from outdated to upgraded to high end.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 
)
Hi all! Ok I'm in! Need all the information I can get and I'm mailing it all over the place! Let's have fun with this one! Angie
Deimen, I sent you an email; your email hides on the message boards but I know how to get it from there despite that
Please contact me if you have further questions after seeing the wholesale report
Betsy,
The garage could add another 4-500 square feet of living area. The city building requirements will goto 3000 square feet of living area w/o adding a 3rd garage; however, because there isn't going to be any new structure, they may make an exception. But, I have not gotten your email address; the detailed information is in my wholesale report. Wish I could attach it here, but my thread will go to the spam fairies here. LOL
Please PM me your email information.
Hi Tammy send me your wholesale report, thanks, Jim
jbischoff
Hi Tammy,
i want to make 5k if the house is still available I do know have buyers who buy across the U.S.
Sincerly,
flo-88
Hi Tammy, tried sending you my contact info, but couldnt????Ugh
Trying again!!!
"Cut not the wings of your dreams,
for they are the heartbeat and the freedom of your soul." ~ Flavia
Kathy Wholesales TX
KM WholeSale Properties LLC
469-587-9967
1888-591-1096
the house is still available as of right now.
Hey Tammy,
I just pm'd you my contact information so you can send me the wholesale report. I am just starting out but I am going to see what I can do.
I wish you all the best!! Everyone should be marketing like crazy!! I am still surprised how long this Offer has been on the Table!!!! THIS IS MINE! LETS GO!!
Failure is Not an Option!
Jim, I'll send it to you too. I believe I have sent it to everyone so far; have I missed anyone? Please let me know if I inadvertently missed anyone.
Sounds like a grat opportunity!How did you come across this deal?
mike
and we had to work with the seller's about 2 months to get it under contract for the price we have it at. It is NOT listed on the MLS.
Another prime thing of importance when dealing in Southern CA! It gives a little advantage tot he buyer if it doesn't show up as previously listed when someone goes to resell it. 
Thanks for sharing with dg family. (Looks like it was a good idea judging by the posts on here ready to help you and to earn that 5K for themselves!)Sent you my email address and will be eagerly awaiting your wholesale report. This is an exciting RE transaction and cudos to you for hanging in there for 2 mos. to close it. You have been an inspiration to all who have watched your progress as a REI from your first posts on this site. Congratulations on your 2011 Send Me Away award..I loved your video! and was in awe of your amazing accomplishments and growth in such a short time. Continued success and best wishes for a fantastic 2012! Semper Fi. D-LO
Too tired to do 1st Post over again..don't know why I can't get it to submit. Just want you to know I loved your video and so proud of you for the amazing progress you've made as a REI in such a short time. Hope you received my PM. Semper Fi. D-LO
Hell-o my name is Darlene! I am interested in the Challenge! I have had no trainning. I have just ordered the 30 Days to Real Estate Cash! My new husband and I are tired of renting. We both are now on SSDI (Social Security Disablity Income). We want and NEED finacial freedom! He has 3 sons range of ages from 28-25-18 and a 10 month old grand daughter.
We need to help them be finacially well too! First I need to know how to start making deals without using my money....which I don't have. I'm very confused on how all of this works.
I do have deans book your Town Your Real Estate. I'm on chapter three
I like to get the info sent I'll pm you. Co-wholesaling is one of my biggest goals for the rest of this year!
Moving forward daily will get you to your goals!
"You become what you study" - RTK Rich Dad Poor Dad
http://bulkassets.com
This is a great opportunity in a hot market.
Think less, Do more, Get results. - Dean Graziosi
http://www.rcmfunding.com
http://www.StopForeclosureOptions.org
http://www.RichardsCapitalManagement.com
if I did NOT email you a wholesale report. I have tried to get it to everyone as quickly as possible.
Dolores, thank you so much! I did email you the information as well, let me know in PM if you got it.
CO-wholesaling in Southern CA is the way to succeed with wholesaling here. I always tell people that your netWORTH is only as good as your netWORK! Networking is the best way to successfully close deals in Southern CA.
I will say only one person has brought in a buyer that drove by the property. And funny enough, that was someone I already knew, but I know him on the commercial side, not SFRs, so I didn't send him the information! So, if he was to buy it, even though I already knew the buyer, because *I* didn't bring him to the table, that person would still get paid *IF* he bought the property.
That is actually how my first wholesale deal closed! I brought in a buyer I knew would jump at their property. Turns out the buyer and seller knew each other so well they were going to go into business together at one time. I did get paid.
I had a buyer a few days ago that I have on my list who was going to buy it, but he needs to get financing for a part of it for this amount and doesn't think its going to work out, so act fast and YOU can still make $5K on my deal!
please let me know, i think we can get this sold. Funny I found him today from an ad i put up online.
I am in SD
-Chris and Kether Sprague
“I do not think much of a man who is not wiser today than he was yesterday.” -Honest Abe Lincoln
Want off market sellers to call you? I think writing letters to vacant home owners is a great marketing avenue. I have vacant homes in every state! With the owners address! I want to partner with other wholesellers. If you are interested, please PM me! -- This is how I got my first deal, and I will give you leads and help you build your/our team! if you don't have them already.
Can you email me, as I won't be around the next 2 days, so I can get my emails on my phone. Let's hope he is the one to buy the property! I've had many look at it and decide against it. The comps can't just be done by looking at a map; they have to look at the commps to determine the high end comps, or they'll never calculate the ARV right on their own. I've had 4 people do it right and they do agree with the value, as well as talking to an appraiser and several local El Segundo RE Agents. But, if the buyer doesn't know this area, they'll make the same mistake some of the other buyers have.
I'm trying still as well, but if it sells before I get anything...no worries! There's plenty more! Though its been really frustrating getting people to say "yes." or at least contact me back!
Regardless, I'm not staying on the sidelines here!
Together, we can be successful!
Its still on! Keep on marketing it!
Tammy, i shopped this out a few weeks ago to my buyers list, no bites until today! I've emailed you from my personal email as well. Very active buyer, does lots of business and seminars in CA area. Crossing my fingers we can make this happen. What a wonderful opportunity!
Kristen
But, I've only heard from a handful of you. The challenge is STILL on! Keep on making it happen! If you are from out of the area, what have you got to lose? This would be GREAT practice, with a REAL deal, and not having to post any ghost ads, its a real property! Let's see who can do this!!
Still waiting to hear back from my buyer after talking with you this week. I sent a "follow up" email today hopefully to light a fire, said he was reviewing it on Monday...it's Wednesday, the suspense is killing me! I hope to hear back soon. Crossing my fingers, praying, swearing, praying again and hoping it works out for everyone!
Kristen
Is this still on? I sent you a PM with a couple of questions.
Thanks
You have all made great efforts and done great things and taken action! I am bummed because several of your efforts and my own have brought forth many buyers wanting to buy the property. But, this is a divorce situation and the wife is now trying to buy out the husband with a loan. Everything is on hold until we hear further on her loan. So far, things look like a go, but I know from experience in this loan environment that just because someone is approved it doesn't mean anything. I even know that being approved through 2 underwriters nowadays doesn't even mean anything; the 3rd underwriter could decide not to do the loan. So, if you have buyers, let them know that this property is on the backburner; it may become available again, but it may not. This is the thing when dealing with FSBOs, they never go as planned. I actually have a buyer willing to pay the $785K of my own as well, but didn't come forth until later in June when she was pursuing it. As of today, she got her pre approval.
So a lot of work went into this one , but it may go nowhere. Lots of new buyers for all of us though and a lot of action taking by all of us. I will let you know if anything changes. ;(
Can I get in on this, I would like to give this a try.
Unfortunately I just saw this today. I will check back with you on any changes.
However, I did read something in one of your posts that peaked my curiosity. It was the NDA and the NCND form you use on a co- wholesale. Any possibility I could get a copy of that from you?