20092 Bayfront Ln 201, Huntington Beach, CA 92646 (MLS # S688591)

RIGHT ON THE WATER! INCREDIBLE LOCATION WITHIN THE GUARD GATED RESORT COMMUNITY OF SEABRIDGE WITH AMAZING GORGEOUS LANDSCAPING, PONDS, CREEKS, POOLS, TENNIS COURTS. TOP LEVEL SPACIOUS TWO-STORY CONDO: MAIN FLOOR MASTER SUITE AND GUEST BEDROOM; SPIRAL STAIRCASE TO LARGE LOFT OVERLOOKING THE FORMAL DINING AND LIVING ROOM. VAULTED CEILING; OPEN FLOORPLAN; LARGE LIVING ROOM WITH FIREPLACE OPEN TO FORMAL DINING ROOM AND KITCHEN WITH WHITE CABINETS AND TILE COUNTERTOP. LARGE MASTER SUITE WITH 2 SEPARATE CLOSETS WITH MIRROR DOORS; GARDEN TUB WITH GLASS ENCLOSURE; GUEST ROOM HAS MIRROR CLOSET DOORS AS WELL. NEW PAINT, NEW CARPET, TILE FLOORING IN KITCHEN AND BATHROOMS; SMOOTH CEILING; DETACHED ONE-CAR GARAGE; PLENTY OF OPEN PARKING...

Property Type(s): Condominium, Residential

Last Updated	2/18/2012	Tract	Seabridge Townhomes (SBTH)
Year Built	1983	Community	South Huntington Beach
Garage Spaces	1.0	County	Orange
Total Parking	2	Walk Score ®	60

Schools

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with Kristin Boyd DRE# 01869503, Harcourts Prime Properties

(view all details for MLS #S688591)

A mere 1.5 miles from the Pacific Ocean make this home ideal for the active outdoor types.  With the wide open beaches of Huntington Beach and the Newport Bay all close by you will never have a lack of plenty of things to do!

As if that is not enough, you are very short drive to a wide range of restaurants and shopping at South Coast Plaza.  This location really has it all!

1035 Sea Breeze Dr 5, Costa Mesa, CA 92627 (MLS # S687725)

ONLY 1.5 MILES FROM THE BEACH! NICE CAPE COD STYLE COMMUNITY; END UNIT 2-STORY TOWNHOME. LIGHT AND BRIGHT WITH VAULTED CEILING IN LIVING ROOM AND IN LOFT OPEN TO THE LIVING ROOM; MASTER BEDROOM AND GUEST BEDROOM SHARE A LARGE BATHROOM ON THE FIRST LEVEL; HUGE LIVING ROOM/DINING ROOM WITH CORNER FIREPLACE; SLIDER TO BRICK PATIO; LIGHT MAPLE CABINETS IN KITCHEN; TILE COUNTERTOP; DOWNSTAIRS LAUNDRY CLOSET; LARGE LOFT WITH HUGE WALK-IN CLOSET AND PRIVATE BATHROOM. NEW PAINT, NEW CARPET, LAMINATE FLOORING IN LIVING ROOM, DINING ROOM AND KITCHEN; TILE FLOORING IN BATHROOMS; SMOOTH CEILING; DETACHED GARAGE. READY TO MOVE IN.

Property Type(s): Condominium, Residential

Last Updated	2/16/2012	Tract	California Seabreeze (CASB)
Year Built	1978	Community	Southwest Costa Mesa
Garage Spaces	1.0	County	Orange
Total Parking	2	Walk Score ®	40

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with Kristin Boyd DRE# 01869503, Harcourts Prime Properties

(view all details for MLS #S687725)

The house itself has been completely remodeled with a brand new kitchen and bathrooms. All you need to do is buy the house and move in.

Call Rusty Eddy at (714) 362-5402.

Click on this link to get all the details and amenities for this turnkey property you don’t want miss.

Are you ready to make a move or just want to know more about the area or any other real estate questions, you can always contact me at RustyEddy.com

1725 Pine St, Huntington Beach, CA 92648 (MLS # S669765)

Custom Craftsman home built in 2003 in the charming 'Park Area' of Downtown Huntington Beach. This home is built with luxury quality materials & workmanship and is truly a one-of-a-kind. Entering the home you see a living room & dining area awash in light from the high ceilings & windows. Large chef's kitchen features professional quality (Thermador & Subzero) stainless appliances, island, granite counters, and a view out onto the flagstone patio. Also downstairs, there is a cozy family room, large separate game room & bar, two downstairs bedrooms, 1.5 bathrooms. Game room looks out onto a beautifully landscaped flagstone patio with spa, fountains, & outdoor living space centered around a fireplace. On the second level is a spacious master suite featuring a luxury master bathroom with separate shower, bath, & walk-in closet with island. There is also a secondary bedroom upstairs with full bath & an open loft style office work space. Finally on the third floor is a rooftop sundeck

Property Type(s): Single Family, Residential

Last Updated	2/1/2012	Tract	Downtown Area (DOWN)
Year Built	2003	Community	West Huntington Beach
Garage Spaces	3.0	County	Orange
Total Parking	6	Walk Score ®	74

Schools

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with Scot Campbell DRE# 01235106, Coldwell Banker-Campbell Rltrs

(view all details for MLS #S669765)

This house has some other weirdness’s to it.  Thin 2″ walls with plywood (no plaster or drywall), light switches that are sideways below waste level right about where your hand would hand allowing you to turn on/off lights as you walk by, literally with out lifting a finger!

1119 W Vermont Ave, Anaheim, CA 92802 (MLS # R1107310)

Incredible opportunity for the handyman homeowner or investor. This home is loaded with potential. Four spacious bedrooms, two baths and a very large living room. Kitchen needs some upgrades, but is in good shape. Large atrium like patio/courtyard between the garage and the house. Large back yard with pool and a grassy area. Bring in your highest offers asap... this one won't last.

Property Type(s): Single Family, Residential

Last Updated	2/21/2012	Tract	Other (OTHR)
Year Built	1954	Community	Anaheim East Of Harbor
Garage Spaces	1.0	County	Orange
Total Parking	3	Walk Score ®	52

Schools

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with Patrick Owen DRE# 01076539, Century 21 Allstars

(view all details for MLS #R1107310)

2000 Beryl Ln, Newport Beach, CA 92660 (MLS # S682921)

GORGEOUS HOME ON CORNER LOT WITH SMALL POOL AND SPA. EXTENSIVELY REMODELED IN 2005. PLANS AVAILABLE. GREAT CURB APPEAL. WHITE PICKET FENCE AROUND BACK AND SIDE YARD; COVERED FRONT STOOP. FORMAL DINING ROOM OPEN TO KITCHEN WITH WHITE CABINETS, GRANITE COUNTERTOP, TILE BACKSPLASH AND STAINLESS STEEL APPLIANCES; HUGE LIVING ROOM WITH CORNER FIREPLACE;SPACIOUS MASTER BEDROOM WITH VAULTED CEILING, BAY WINDOW AND LUXURIOUS BATH WITH GARDEN TUB, WALK-IN CLOSET WITH ORGANIZERS. GUEST SUITE WITH VAULTED CEILING; THIRD BEDROOM WITH DOORS TO HUGE BACKYARD; FOURTH BEDROOM CURRENTLY USED AS OFFICE WITH BUILT-IN DESK AND BOOKCASES. HARDWOOD FLOORING THROUGHOUT EXCEPT FOR BATHROOMS; SMOOTH CEILING; HEAVY CROWN MOULDING AND BASEBOARD; RECESSED LIGHTING; BEAUTIFUL GLASS DOORS TO MOST BEDROOM CLOSETS; READY TO MOVE IN.

Property Type(s): Single Family, Residential

Last Updated	2/3/2012	Tract	Harbor Highlands I (HH01)
Year Built	1955	Community	West Bay - Santa Ana Heights
Garage Spaces	2.0	County	Orange
Total Parking	4	Walk Score ®	52

Schools

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with Kristin Boyd DRE# 01869503, Harcourts Prime Properties

(view all details for MLS #S682921)

328 17th St, Seal Beach, CA 90740 (MLS # S677995)

DREAM BEACH COTTAGE; WEST OF PCH, 4 BLOCKS FROM THE BEACH AND .7 MILE FROM THE PIER! COMPLETELY REMODELED AND GORGEOUS INSIDE AND OUT. GREAT CURB APPEAL; SODDED FRONT YARD WITH SPRINKLERS; REAR ENTRY 2-CAR DIRECT ACCESS GARAGE. DRAMATIC FLOORPLAN: VAULTED CEILING IN LIVING ROOM AND ALL THREE BEDROOMS UPSTAIRS; SYLIGHTS; OPEN FLOORPLAN: LARGE LIVING ROOM WITH STACKED STONE FIREPLACE OPEN TO FORMAL DINING ROOM WITH SLIDER TO PATIO AND TO CUSTOM GOURMET KITCHEN WITH NEWER CABINETS, GRANITE COUNTERTOP AND BREAKFAST BAR; STAINLESS STEEL UPGRADED APPLIANCES, INCLUDING BUILT-IN REFRIGERATOR; GORGEOUS BATHROOMS WITH CUSTOM TILE, STONE AND TRAVERTINE FLOORING AND SHOWER/TUB SURROUNDS. TRAVERTINE THROUGHOUT DOWNSTAIRS; DISTRESSED HARDWOOD FLOORS IN MASTER BEDROOM; MOSTLY DOUBLE PANE WINDOWS AND SLIDER; AIR CONDITIONING AND CEILING FAN IN EACH BEDROOM; CLOSET ORGANIZERS. READY TO ENJOY!

Property Type(s): Single Family, Residential

Last Updated	2/4/2012	Tract	Unknown (OTHR)
Year Built	1977	Community	Seal Beach
Garage Spaces	2.0	County	Orange
Total Parking	4	Walk Score ®	82

Schools

Additional Details

Features

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with Kristin Boyd DRE# 01869503, Harcourts Prime Properties

(view all details for MLS #S677995)

To quickly evaluate a property and come up with an offer price.  This will be preliminary, after a property inspection we may, and often do adjust our offer and rehab prices.

Keep track of what offers we have to prepare, offers that are active and in negotiation and offers that have been rejected that we may want to followup on because they stay on the market, fall out of escrow or just expire, etc.

Use our initial evaluation once the project has been completed to see if we need to make adjustments to our evaluation process.

Keep notes as negotiations progress or things of interest about the property, etc.

How we make offers:

1. We contact the listing agent and offer to let them write up the offer and represent us. We do this by sending the offer (letter of intent) & POF in email and following up with a phone call.
2. If the agent does not want to, or is non-responsive, I’ll write up the offer myself.
3. If another agent brings the deal, they write it up.

I Use the MLS

This is how I create and track offers.  I use the MLS for a the following reasons:

• I have access to it.
• The user interface pretty much sucks but it is powerful
• I get the private remarks on listings
• I can download properties in a format that can used by other programs, like my Google docs.
• MLS allows you to get very specificsearches that I have not found in other program will, such as a polygon map search.
• MLS allows me access to Realist tax records which makes it super easy to get high level comps with the click of a button.

NOTE: redfin will also allow you to download captured listings, but you have much less flexibility regarding your searches.

Example

Here I have done a very simple search to provide me with all Single Family (SFR), REO under 500k in Huntington Beach.  This resulted in 7 properties, of which I browsed through and found 4 that I am interested in.

I then selected the 4 properties I am interested in and hit the Download button as follows:

This results in a “Tab Seperated Text File”, basically a file that can be read into a spreadsheet such as Excel or (as in my case) a Google Docs spreadsheet.

What are Google Docs

Google Docs (Google apps to be more specific) are basically an online version of a Word Processor, Spreadsheet and Power Point.   In otherwords they are very simple versions of the MS Office programs: Word, Excel and Power Point, and they are all accessible via a web browser.

If you use Gmail, you have access to Google Docs.  I happen to have a business version of Gmail that allows me to run my email services or rustyeddy.com and barracasproperties.com through gmail, and hence Google Docs.

Anyway…

I access Google docs through my ‘rusty@barracasproperties.com’ gmail account as follows:

Getting MLS Listing Into Google Docs

This will take me to my Google docs account, where I select a spreadsheet called ‘MLS Listings’:

This brings me to my MLS Listings spreadsheet in which I have create my Offer Making/Tracking script.

While in the MLS spreadsheet, I import the Tab Separated Text file that I previously saved from the MLS Download.  (I am going to skip the screen shoots for that, just because it is pretty simple and I am getting lazy .

The imported file will have the top row being the Column Headers there will be one row for each property, this file consists of a ton of information for which we will just pick out the stuff we are most interested in.

Here is what the spreadsheet looks like after I have imported the MLS listings:

Stage The Offers

I now select the “Process MLS” menu item from the MLS Menu item above.  These menus were added by the script I wrote.  This is the point the script runs off and does it’s magic.  Depending on the number of properties to be processed, it will typically take a few seconds.

When it is finished, I will end up with a Google Docs folder “Offers – Prepare” used to stage our offers.  ”Offers – Prepare” will in turn have one folder for each property we want to prepare an offer for.   The Offer folders use the following naming convention:

City – Street – Address – MLSNUM

Prepare the Offers

Now I will go through and actually stage our offers:

NOTE: Prior to this I have run quick comps and make a wild ass guess as to rehab costs

Now I go into the property folder, in this folder are two documents:

• Rehab Analyzer Spreadsheet
• A Google document just to keep notes on the property (counter offers, etc.)
• I will also upload a PDF of the Realist comps report in this folder (I skipped this step here).

The analysis spreadsheet is the key to this whole thing.

The spread sheet above ending in ‘-analysis’ is the key to this whole thing.  It gets pre-populated with 4 sheets or tabs as follows:

1. A Summary sheet: to a summary of the deal
2. An info sheet with specifics about the property, access info and agent remarks (how to make an offer)
3. Rehab Evaluator, this sheet calculates the offer price and profits to be made.
4. A sheet with the raw data.

The Summary Sheet

The following sheet is the first sheet you see, to make this whole thing work you only need to enter two pieces of information:

• The ARV
• The repair costs

The Summary Sheet

The summary sheet allows you to just take a quick look at the property, it provides access information to go look at the property and the agent remarks which, among other things typically provide information on how to make offers, etc.

The Evaluator

The last sheet of interest is the Rehab Evaluator.  This sheet has all the costs and calculations that go into deriving the Offer price , profits and amount of money to be borrowed.

Sadly, I could not fit the whole evaluator sheet in one screen shot, but I think you get the idea .  Any of these numbers can be adjusted to play out different scenarios, etc.

That’s all folks!!

If you are going to buy a home, put up your hard earned cash and go through the challenge and inconvenience of managing and living through a rehab project or two, you are also, in all likelihood looking for a good deal.  And that is where the challenge is. Guess who else is looking for a good deal? Yep you got it, the dreaded investor.

To alleviate that problem, check out the Freddie Mac First Look Initiative.  The purpose of the program is to give home owners (people that want to live in the house) first chance at purchasing those homes.  Freddie Mac is giving home owners 15 days to look at these homes (Home Steps)  and make an offer before they will entertain offers from investors.

Side note: Now, the reality of it is that most investors are typically looking for really steep discounts. They know how to negotiate and are very seldom willing to pay as much as a typical home owner is willing to pay.   With that in mind, a home buyer with decent credit and a stable job does have an advantage over the steep discount seeking investor.

Are you looking for your first home?  Would you like to know the secrets to buying a house that will give you a big advantage over investors?

Of course, you can feel free to contact me at any time. After all I am an investor and I work with many first time buyers. I know how to help you buy your first home, even houses that investors are swarming after!

If you are just looking for information, provide your name and email below to receive your complementary Beginners Home Buying Guide. Additionally, you will receive periodic information and tips of what is happening in the market right now.

Houses that only a rehabber could love.

Since I started rehabbing houses with my partner, we have have looked at hundreds of houses.  Some of them are ugly, some of them are eerily hideous. There are times when I’ve been afraid to open a closet or look into a green pool in fear of seeing a dead body.

Some houses have had really weird designs to begin with or glopped-on in a way that makes you think they were created by Dr. Frankenstein.   Anyway, here is my collection of Monster Houses (not the type you would find on The Learning Channel :)

With the proliferation of TV shows that have highlighted Orange County, you know The OC,  Laguna Beach and the House Wives Of Orange County that are obsessed with demonstrating the ugly side of “beautiful people” I thought it appropriate to expose to the world the ugly side of ugly in “The OC”.

These are houses that not even a mother would love, as matter of fact any self respecting mother would run screaming from.  These are houses that only a rehabber would love, if you are a rehabber you may find some of these houses gorgeous!

Enjoy!!

Monster Houses

• Rickety Shack in Anaheim Near Disneyland!
• Monster Houses Of Orange County

Showing properties 1 - 4 of 4. See more UGLY Houses.
(all data current as of 2/22/2012)

1. $259,000 : 1119 W Vermont Ave, Anaheim
   
   4 beds, 1 full, 1 part baths

   Home size: 1,339 sq ft

   Lot size: 6,360 sq ft

   Year built: 1954

   Parking spots: 3

   Days on market: 86

   Walk Score®: 52
2. $789,900 : 328 17th St, Seal Beach
   
   3 beds, 2 full, 1 part baths

   Home size: 1,703 sq ft

   Lot size: 2,500 sq ft

   Year built: 1977

   Parking spots: 4

   Days on market: 121

   Walk Score®: 82
3. $275,000 : 648 E Ash St, Brea
   
   4 beds, 2 full baths

   Home size: 1,426 sq ft

   Lot size: 6,120 sq ft

   Year built: 1957

   Parking spots: 4

   Days on market: 127

   Walk Score®: 91
4. $285,000 : 7521 Warner Ave, Huntington Beach
   
   3 beds, 1 full bath

   Home size: 1,240 sq ft

   Lot size: 4,770 sq ft

   Year built: 1964

   Days on market: 211

   Walk Score®: 89

Listing information deemed reliable but not guaranteed. Read full disclaimer.