Unlisted Units in So Cal
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SO. CA BANK PROPERTIES FOR SALE Details: - Bank owned Multi-family assets - All properties are tenant occupied - Bank wants in the mid $0.70 cents on the dollar of the unpaid balance (UPB) MAKE YOUR BEST OFFER A.S.A.P, THESE WILL SELL FAST!!!! DO YOUR DUE DILL AND LET ME KNOW. LOI + POF. - Broker Commission +4 points (add what you want on the deal) 1) 1952 W 39TH ST, LA (6 UNITS) – UPB $510,969.29 2) 211 E 29TH ST, LB (7 UNITS) – UPB $469,193.14 3) 10803 FIGUEROA ST, LA (6 UNITS) – UPB $367,437.95 4) 2326... continue reading >>Rehab in So Cal
Commercial Investment
FHA FLIPPING RULE, EXTENDED
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FHA extends suspension of ‘anti-flipping’ rule for another year
The rule was intended to prevent speculators from defrauding the government, but it also stifled the purchase and renovation of foreclosed homes by legitimate investors.
For years the federal government prohibited the use of Federal Housing Administration mortgage financing by buyers purchasing homes from sellers who had owned the property for less than 90 days. The idea was to prevent speculators from defrauding the government through quick flips of houses — often involving straw buyers and corrupt appraisers — at wildly inflated prices.
One side effect of... continue reading >>
Multi Unit Fixer in West Los Angeles
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This is a 4 unit with 5,500 sq feet of living space. It should be work high 900's - $1.1 million.
Selling for $750,000 total. I was told it needed $60,000-$80,000 or so in rehab. That would be $800,000-$820,000 or so all in.
They appear to be all 2 bedroom and 2 bath units as the property is 8 bedrooms, 7 baths on title.
Paying $200,000 or so for each unit in is exceptional, and you should see cash flow.
I have alot more pics, if you want to see them... continue reading >>

Wholesale in Duarte