Two More Properties
Monday, April 13
In addition to getting REO houses directly from banks, I have also been networking with other wholesalers and marketing their properties for them. I have two Oakland SFRs for great rentals at about 15% to 20% CAP rates! In the S.F. Bay Area? Wow. 7007 Orral St. Oakland, CA 9...
The Good, the Bad and the Ugly
Friday, April 03
I'm going to need a more robust marketing system. I thought 500 "interested" real estate investors would get two or three of my wholesale deals sold, but not so so far. I have networked with a few other wholesalers to slightly better effect, but nothing fantastic yet. I did have one person make a...
Looking for Advice
Monday, March 30
Well, it's been a rather unsatisfactory week. Got a very excited call on the Oakland properties only to be told that he was leaving on vacation and would get back to me in 10 days. Another call from a local wholesaler who buys four to eight properties a month, but who likes to work the North Bay:...
Looking for Advice
Monday, March 30
Well, it's been a rather unsatisfactory week. Got a very excited call on the Oakland properties only to be told that he was leaving on vacation and would get back to me in 10 days. Another call from a local wholesaler who buys four to eight properties a month, but who likes to work the North Bay:...
Slow Start
Wednesday, March 25
Just an update from my first e-mail campaign for my four wholesale deals in Oakland. Sent to 500 real estate aficionados, not “specific” buyers, but associates and people I’ve communicated with in the past who were interested in investing and real estate. Number of calls received: zero.Ironically...
$120,000 in equity!
Monday, March 23
107 Catron Ct. Oakland, CA 94603 Multi-family 4-Unit: 2/1 2/1 1/1 1/1 Wholesale Price: $238,000After Repaired Value: $375,000LTV - including rehab: 67% Rehab: $8,000 - $12,000Square Feet: 3,000Vacant, Rents: $3800 a monthCAP Rate: ~ 15% Recent "as-is" appraisal: $350,000Zillow value: $450...