Archive for the 'Deals' Category

Couple of zipcodes for super bargains

Thursday, November 15th, 2007

Since I am not into multi family, I am only interested in individual residential bargains, but there areas should also offer bargains on multis.

Prince William County: 20109, 22193, 22191, 22193 …, in general, Manassas, Woodbridge are storm areas.
Loudoun County: 20164, 20176, 20175, …
Fairfax county: 20170, 20151, 22015, …

The above are hard-hit areas with lots of middle to lower income families. However, if you want to see the wealthy belts, follow these corridors:

I-66 corridor in VA
I-267 corridor in VA
I-270 corridor in MD (along 355 as well)
Route 7 corridor in VA
Route 50 corridor in VA

Bankruptcy can delay a foreclosure

Sunday, October 7th, 2007

Q: Because of illness and unemployment, we are behind three months on our mortgage payments. The loan servicer has been very uncooperative when we tried several times to make partial payments.

Last week, the loan servicer began the foreclosure process by recording the legal documents. So far, we have heard from three lawyers who specialize in bankruptcy. They tell us to file bankruptcy to stop the foreclosure. Is this a smart decision?

A: Filing either Chapter 13 bankruptcy reorganization or Chapter 7 straight bankruptcy will delay the foreclosure sale of your house. When you file bankruptcy, an automatic stay stops creditors from collection efforts, including a foreclosure sale.

$50,000 CASH in Your Pocket at Closing

Tuesday, July 25th, 2006

North Las Vegas Gem in Elite Gated Preserve at Elkhorn Springs, Sprawling 1 story home on 1/4 acre with wide open floor plan, Fabulous kitchen with sub 0 type fridge, corian counter tops and custom cabinets, Double Build in ovens, center island and Breakfast nook with garden view, Private yard with spa, build in barbeque, covered patio and large side yard for 40 ft motor home. 

Desserty landscaping with drip irrigation. 

Bult in 1998 , this custom home has all the amenities for a comfortable lifestyle including cable TY wired with underground utilities, alarm system owned, blinds, ceiling fans and covered windows, central air and water conditioner. 

2 Wholesale Properties Available! - As of 05/30/06

Tuesday, May 30th, 2006
Property 1
This would be a great buy/fix/rent or sell. It is located in the Westbury Subdivision of SW Houston near the intersection of Hillcroft and W. Bellfort Ave.
2100 sq.ft., 8400 sq.ft. lot, 4 Bedrooms, 2 Baths, Single Family Brick Home
ARV = $190,000
Investors Cost = $120,500
Rehab Estimate = $30,500
Gross Margin after Rehab (CASH) = $37,387
Gross Margin after Financing = $26,513 

Property 2
This would be a great buy/fix/rent and is located in the Mayfair Park Subdivision near S. Post Oak and South Beltway 8.
1150 sq.ft., 5800 sq.ft. lot, 3 bed, 2 bath, Single Family Brick Home.
ARV = $93,500
Investors Cost = $53,000
Rehab Estimate = $15,000
Gross Margin after Rehab (CASH) = $24,516
Gross Margin after Financing = $18,396

Single Family 4 bedroom 2.5 Bath Rent-Ready

Thursday, April 27th, 2006

Property Description
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