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The complexes are listed below with descriptions.

Address is: Houston Texas 77021

Repairs 55k, we have a contractor that can get this done for you if needed

Sales Price: 240k

ARV: 350k

Downpayment for Owner Financing: 90k

Mo Notes: $1550-1600 mo

This is a 12 unit apt complex we just got a contract on.This unit is a 2 story with a 2 bedroom up and a 2 bedroom down. The 10 other units are 1 bedrooms. This complex is owned by a local investor that needs to bail out fast because of lack of funds for rehab ect. This complex is surrounded by new construction of residential properties. This complex is in need of partial rehab to bring it up to top rent specs. I just sold a complex in Feb. in this area of this same profile(12units) about 4 lights away for the appraised value of $375K! This complex should appraise for at least $350K after total rehab according to the other i just sold! The rehab on the units vary from unit to unit. Some of the units have been started on and need less than others. I estimate that about $50-55k should make this complex really nice. We can wholesale this complex for $240K! After rehab leaving the new investor about $70k+ in equity! I have a really good management co. on board that has a ove! r flow of tenants ready to rent in this area, some even on goverment housing$$! The 2 beds will rent for approx. $525+ and 1beds $400+. Total rents over $5K monthly! This complex will be set up for very low owner expenses/maint as well.(Ins/Maint). As always, I can arrange all the rehab on the complex. This investment property is a slam dunk and will sell fast! Call for more info!

12 unit complex In Houston

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240 Units in Atlanta, GA. Sales Price $9.5 million. Appraisal and pics available. Must close in 30 days.

240 Units in Kemah. Sales Price 22.5mm. Condo conversion opportunity.

300 units in Spring. Sales price $26 mill. New Contruction completed May 2005. On site day care facility.

58 Acre Estate in AlpharettaGeorgia Sales Price 25 million. Italian and french gardens, backs up to Chatahochee River with 25 buildable acres that backs up to an 18 hole golf course. Appraised at $35.6 million. CASH ONLY.

12 Unit complex in Houston. Sales price $250k Repairs 55k ARV $350k

10 Units in Galveston. Sales price $550k ARV702k. 100% occupied, updated and new appliances.

35 unit apt complex + houses in Galveston. Price $1.82m. ARV 2 mill+.

2.7 mill and 2.9 million dollar houses in Memorial area. $450k equity in each house. Never lived in. Each sit on acre lots. Appraisals are ready to purchase at $750 each.

53 Ready to build lots in Conroe Texas- some waterfront lots. Sales price $7.7 million ARV 10 mill plus. Utilities in place, Streets paved, Builder selling, total lots in neighborhood are 301. Property has lake, fishing ponds, etc.

556 Unit apt complex in Houst sales Price 12.2mill ARV 15 mill. Foreclosed, bank managing property. Needs 150k in cosmetic repairs. Middle class, minority area. Complex sold in 1999 for $13.4 mill

29 Unit apt complex in Alvin Sales price: Take over payments/loan Repairs needed $150k (estimate available) ARV $1.2 mill (appraisal is in) Payments monthly are around 6k. Take over loan subject to existing financing for 90k cash due at closing

If interested, please email [email protected]

They don't have to be rehabs, just under market. None of my deals have been rehabs.

And you know if they're buying at auction, they have cash.

I have been working a few deals that have the same seller and the same selling agent. The seller has properties heading to foreclosure. The selling agent, whom I had never dealt with before contacted me and wanted me to buy the properties. I agreed that I would look into it.

Here's the catch, the seller bought a couple of properties by misrepresenting himself and saying that they were his primary residence. He took out these mortgages within a month or two of each other. Neither the LO or the borrower disclosed the other property on the REO schedule of the 1003 and the mortgage was not reporting on the bureau, so his actual DTI was not reflected. He took out 100% loans on these properties and has never occupied the properties. Since this fraud was committed just last year, there isn't a lot of equity in a few of them although there are a couple he bought under market. I'm sure that was a fluke :yahoo:

So I explain to the selling agent, the only way to handle these is to do short sales. This agent assures me he knows how to do them, tells me that he and the seller actually began the short sale process. Submitted the packet to the lender and were just waiting on the bank. I go ahead and contract one of the properties based on the short sale they have finally approved. The house goes to sale on Tuesday. My buyer is ready to close cash, and then I get a call that the seller wants to increase the price $20,000 saying it's because the bank told him there were back taxes. Well these taxes were not reflected on title, and certainly, this would have come up before a short sale approval, so admittedly overdue, my radar is up. Turns out there are no back taxes, it was the selling agent who wanted the money because he wasn't going to make any money on the sale.

I ask the selling agent, who refuses to let me talk to his borrower, some of the obvious questions I took for granted when talking with him initially. Today I finally get the real answer. They never had a short sale packet, they claim they sent a hardship letter and they don't even have a contact at the lender. Here's where it gets funny. After working this deal for over a month, 3 business days before sale, the selling agent calls me and says he has added me as a contact to the listing agreement and needs me to do the short sale. Using his words, at the final hour, he needs my help, the seller is a wreck, what can I do? I'm thinking I can bend over for you to kiss my ***. But I never write off anything and trying to contact the bank to see if they will postpone this sale to work out a short sale is a very slim prospect.

This agent is also the agent on another property I have been working on, another property that needs a short sale and now I begin to see what the selling agent is trying to do. When we start talking about price, I tell him straight out, the seller will not and cannot profit frm this in any way. There really is no negotiation for the sales price. The selling agent wants his commission reflected in the deal. I explain to him lenders will not allow that, if he knew about short sales, I shouldn't have to tell him these things. There are no realtor commissions, no seller profit, if he wants commission he has to work something out with the seller outside of the deal. The seller refuses to part with any of his fraudulently obtained profits but right now, desperately wants to stop these foreclosures. The selling agent will not advise his client as to what he needs to do and is telling his client that a short sale has been refused when it hasn't, because he doesn't want to lose his commission. His theory is basically, if he's not getting anything, neither will anybody else. I have told him, if he doesn't want to act in the seller's best interest, let the guy go. Don't hold him to the listing agreement, let the guy try for a fresh start.

The selling agent is going to let these properties go to auction, not giving his seller a proper chance, and doing it completely out of spite. I have offered to work out something outside of the deal with him to see he is compensated for his trouble but it's not enough. On the one above where he finally came out and said he needed my help, he STILL will not let me speak to the seller unless I make sure he makes $20,000. He wants 6% commission. no less. I am ready to report him but am not ready to give up on the other two properties. I do not commit fraud, and I conduct business in an ethical manner. What can I do or say to this guy to work with me instead of against me? I, personally do not want to work with the guy at all, but when I'm in a position where I can't ethically contact a motivated seller who is represented by an agent, and the agent is a snake who is working against his client what can I do?

yes. go to Amazon.com or bn.com and type real estate investing in the search area. You will have thousands to choose from. Also, don't forget about ebay. You can find some really good guru programs that people are reselling.

I don't know if all of your credibility goes out the window, but just as any other property, depending on the equity spread, I never offer more than 70%.

I'm in Houston too, Anthony. Welcome

Depending on the county and whether your state is a non disclosure state, but go to the county Central appraisal district, search by address or owner name and it should give you assessed value, owner, last sapes date and price etc.

What area of the country?

I thought spamming was forbidden. I can't understand why they feel they must copy and paste the same text in every thread. ecnabb and creditinvestorgroup, you will only lose business like that. I personally would never deal with someone who simply spams to drum up business. There is one topic that is devoted to businesses that can offer services. One post there would accomplish your goal. What you're doing is no better than spamming junk mail. Please stop wasting our space.