LIST PRICE: $114,900  ARV: $280,000

SUMMARY This Tampa wholesale deal is the hottest deal available.  With only $30K – $40K in repairs needed, there’s over $100K of sweat equity in this property.  The property is a block structure, 1,800 sqft, has 4 bedrooms, and a car porch.  The home needs central air/heat, carpet, paint, roof repaired, and other repairs.  The max needed for repairs is $40K based on the estimate we got from several contractors.

VIEWING INSTRUCTIONS: drive by only- call for appointment

TERMS: Cash or Hard Money ONLY!!

SALE TYPE: Direct Sale

IMPORTANT INFORMATION: 1. All CASH, Hard Money Purchase.  No FHA, Conventional Financing etc.

DOWNLOADS:

Zillow

Sale Comparables for Renellie Dr.

Location Map

All information is deemed reliable but not guaranteed
Please call Torrey at 336.347.8727 or email for additional information on this Tampa Wholesale Deal

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Tampa, St. Petersburg, & Port Richey Florida Wholesale Deals

Great Florida wholesale Deals available.  We currently have these deals under contract.

8315 N 18th St., Tampa FL 33604
2 X 2/2 Block Duplex 1,296 Sq.Ft.    Built 1975
Lot Size 50 x 100, Block Duplex
PRICED TO SELL $29k
Zillow

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Reduced Price!!!

3/1 Block in St. Pete

1410 26th Av. S., St. Petersburg FL 33705
3/1 Block 1,191 Sq.Ft. Built 1951
Lot Size 53 x 130
PRICE $31K
Zillow

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NPR 3/2 with 2 Car Garage

11530 Meadow Dr,Port Richey FL 34668
3/2 Block 1,595 Sq.Ft. Built 1980
Price $69k

VIEWING INSTRUCTIONS: drive by only- call for appointment

TERMS: Cash or Hard Money ONLY!!

SALE TYPE: Direct Sale

IMPORTANT INFORMATION: 1. All CASH, Hard Money Purchase.  No FHA, Conventional Financing etc.

All information is deemed reliable but not guaranteed.  More information available upon request!
Please call Torrey at 336.347.8727 or email for additional information on this Florida Wholesale Deals

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Though the real estate market is down in most places across the nation, there are still a number of hard money lenders available, if you know where to look.  A hard money loan is an alternative means of financing apart from the traditional lending industry.  Hard money lenders are individuals that are seeking to get a “more then average” return on their investment. 

Below is a list of active hard money lenders.

  1st Quick Funding

Blazevic Funding Group

BlueWater Funding, LLC

Brookview Financial, Inc.

Equity Development Corporation

Lighthouse Capital Funding, Inc.

SDI Funding

Valuation Mortgage Capital

These are a few hard money lenders that can fund your closing.  You can also network at investor club meetings, search in financial newspapers and newsletters, talk with people with money in IRA’s, 401K, mutual funds, stocks or bonds, or anyone with equity in their property.  Most hard money lenders will outline their payment options, but the best option is to allow the interest to accrue until the house is sold and they get one check for the principle and interest. 

With this information, you should be able to fund your next rehab or great deal.  Happy Investing!

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Today’s economy is making it very difficult for average hard working people to qualify for a loan to purchase a home.  As real estate investors, we must adapt to the current market and provide the needed element to be successful.  And as of now I see the need for homes to be sold with owner financing.  This will open up the number of buyers available to a home and give the seller a higher probability of selling. 

In order to meet this demand for owner financed homes, I’ve created a new website where I advertise my owner financed homes to the general public to view.  There are interior and exterior pictures, details of the home, and buying options available. 

The homes that I offer with owner financing are available to those that have some type of down payment.  We are willing to work with anyone but must get some upfront funds to secure the deal.  We have several selling programs available for buyers, this includes owner financing and rent-to-own.  We also provide you with a credit repair specialist to assist you with getting your credit in order and removing those negative marks so that you can qualify for a loan or refinance down the road.  If you are seeking a home for your family, contact me so that we can work together to get you the home you deserve. 

You can get more information here www.HomesCashorTerms.com.  I look forward to hearing from you soon.   Happy New Year!

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High Equity Wholesale Greensboro, NC 27406

WON’T LAST LONG!!!!

Wholesale Price: $108,000   CMV: $165,000+

SUMMARY Greensboro wholesale property 3 bedroom, 2 bath home in a lovely country setting.  This home is outside of the city limits but conveniently located off of Interstate 85 bypass.  There’s plenty of privacy.  The rear has two large decks.  MAKES A GREAT INVESTMENT TO FLIP OR A GREAT RENTAL!

COMPARABLES:

4005 SHILAND DR
Sold for $221,000 on 9/25/2009

2909 CHAROLAIS DR
Sold for $185,000 on 8/25/2009

3794 NORTHUMBERLAND DR
Sold for $166,000 on 8/21/2009

REPAIRS NEEDED:  No major repairs needed, only cosmetic (New Carpet & touch up paint)
                                                       
TERMS: Cash, Private Funds

SALE TYPE: Assignment of contract
                                   
IMPORTANT INFORMATION: 1. Our contract requires you as the buyer to pay for the seller’s closing costs. These include seller’s docs stamps and Misc. title fees. This is in addition to your customary buyer’s closing costs.
                                        
DOWNLOADS/LINKS
Map

Zillow

All information is deemed reliable but not guaranteed
Please call Torrey at 336.347.8727 or email to schedule a viewing or obtain a purchase contract.

HotWholesaleRehabs.com your place for wholesale properties. Great priced real estate in Greensboro, Charlotte, and surrounding areas. 
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In today’s real estate market, the lending guidelines are so tight that normal blue collar people cannot qualify for a loan to purchase a home.  Due to these tight lending guidelines, the market is suffering tremendously and sellers have very few options.  One option that is shining enormous light on the situation is seller financing, also known as “agreement for deed” or a “land contract”. 

In a typical seller financing or agreement for deed, the seller/owner sells the property to a buyer for an agreed upon amount of money.  In essence, the seller is the bank.  The buyer makes a down payment then the monthly payments to the seller.  The seller does not transfer the title until the loan is refinanced or paid in full, thus the name “Agreement for Deed”.

The seller may have an underlying mortgage on the property, but it can still be sold via seller financing.  A wrap-around mortgage is where the seller owes money on the property.  This amount should be less than what the buyer has agreed to pay, so the buyer must pay for the mortgage amount, plus an amount to the seller each month. 

The seller signs a contingency in escrow that he will not place additional liens on the property.  Also the seller agrees to keep an insurance policy and pay the taxes through escrow.  Most loans today have the taxes and insurance escrowed through the lender. 

All “Agreement for Deed” purchases should be closed with an attorney to protect both the buyer and seller.  If you keep the insurance policy in the owner’s name and hire an attorney for protection, seller financing via agreement for deed is a great deal. 

Seller financing offers benefits for sellers.  If the seller does not mind getting the money in small increments, they would gain the interest on the payments instead of the bank or mortgage company.  Sellers can sell their property very quickly vs a normal conventional purchase.  A number of sellers may be falling behind on their payments and can’t wait for a buyer to get qualified for a loan, which could take up to 3 months to close.

I predict an increase in the number of seller financing deals in 2010.  The number of foreclosures will increase which will make it more difficult for a seller to compete with banks.  We also plan on increasing our number of purchases and sells via owner financing.  It is the best buying/selling instrument in the business.

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SALE TYPE: Direct Sale    

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811 Gaines Rd.
High Point, NC 27263

List Price: $28,500   Total ERV: $57,000

SUMMARY High Point  wholesale property 2 bedroom, 1 bath home with updated kitchen and bath. This gem has central air and heat but if that’s not your thing, relax on your front porch or enjoy the great weather playing in the big back yard! Within walking distance to  Allen Jay Park.  GREAT RENTAL INCOME POTENTIAL!
                                                  
VIEWING INSTRUCTIONS: drive by only- call for appointment
                                                       
TERMS: Cash, Private Funds

SALE TYPE: Assignment of contract
                                   
IMPORTANT INFORMATION: 1. Our contract requires you as the buyer to pay for the seller’s closing costs. These include seller’s docs stamps and Misc. title fees. This is in addition to your customary buyer’s closing costs.
                                        
DOWNLOADS
MAP
Zillow

All information is deemed reliable but not guaranteed
Please call Torrey at 336.347.8727 or email for additional information
_________________________________________________________

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Now that Congress has passed the Home Buyer Tax Credit Extension and President Obama has singed off on it, the homebuyers’ tax credit will be extended to April 30, 2010. 

The housing credit portion of the bill extends the $8,000 tax credit for home buyers who are purchasing  their first home from the current November 30 deadline and expands the program to offer a credit of $6,500 to other homeowners who have lived in their current home for at least five years and are seeking to relocate. 

Another modification to the original legislation raises the income limits for program participation from $75,000 for a single purchaser to $125,000 and from $125,000 to $225,000 for a couple.  There are also credits available on a diminishing basis above those income limits. 

Some say that this bill is merely accelerating purchases that would have occurred anyway and creating an artificial housing bubble.  Others say it is likely that the prior tax credit’s Nov. 30 expiration has already stolen a portion of housing demand from 2010. 

In signing the bill President Obama stressed that the measure is revenue neutral and will not increase the deficit.

What do you think?  I would love to hear your opinion.

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