Tag Archive | "Investment"
Best Bank Owned Deal in Mira Mesa “The Villas of New Salem”…
Just got the list price last night. Already one cash offer in hand. Another reason to keep an eye on the blog constantly as these deals move quickly. 2 bed/2 bath in a very nice community with low $180 per month HOA fees. Single level. Bank in process of adding new stove, carpet cleaning and full [...]
Continue reading...Carlsbad’s Aviara Hold’s its Value
Saturday, December 26, 2009
We at The Lund Team, Inc have been involved with selling Aviara since its inception. And even as the Four Seasons sat uncompleted and the area was mostly unbuilt, we pushed a constant stream of positive arguments for the value of the area. Sandy and Carlton purchased in Mar Fiore in 1995. And this years sales numbers show that the value of Aviara has [...]
Continue reading...Pacific Beach Foreclosure – 1870 PACIFIC BEACH DR #2
Wednesday, December 23, 2009
Garrett just checks out a new Lund Team foreclosure property: A four-unit property in Pacific Beach.
Continue reading...Adding Value and Income in South Oceanside (South “O”)…
Wednesday, December 23, 2009
Looking to live by the beach, west of I-5, no homeowner or Mello Roos fees? Want to live in an area where all the homes don’t look identical? You will like South “O” or South Oceanside; located adjacent to Carlsbad along the Buena Vista Lagoon, south of Oceanside Blvd all the way to the Pacific [...]
Continue reading...Not Buyer Beware. Buyer Prepare.
Thursday, December 17, 2009
If you are a buyer writing offers on short sales, be prepared. A short sale is not a foreclosure, but it is a “distressed sale” with a distressed seller. In order to start the short sale process, the seller must write a hardship letter to the bank explaining how their situation has changed since they [...]
Continue reading...What’s the deal with the “No FHA Offers for 90 days”?
Thursday, December 17, 2009
What’s the deal here… Buyer: So I’m seeing a new home (detached and attached) which would qualify condition wise, complex approved for FHA sales and so on. Why is the listing agent saying no FHA offers for at least 90 days? Check out the Housing and Urban Development site for all the details. But basically it’s likely a [...]
Continue reading...“All I want for Christmas is a Bank Owned deal in Pacific Beach…”
Wednesday, December 16, 2009
Upcoming REO/Bank Owned property in Pacific Beach. Large townhome walking distance to the heart of Pacific Beach. Great location, quiet street, parking, bedroom/bathroom on 1st level and so on. We’re planning cash for keys in the next week or so which gives us a couple weeks after that before list price. Built in 1987, 3 bedroom, 3 [...]
Continue reading...Carlsbad’s Mystic Point Upswing
Friday, December 11, 2009
Prices are starting to increase in Mystic Point! This is due to the attractive price-point and recent drop in inventory levels. There is currently nothing for sale in the neighborhood. I participated in three different transactions in Mystic Point over the last year. The first, a Plan One on Peninsula, was a bank-owned foreclosure. The [...]
Continue reading...Foreclosure investment in Oceanside – 11.4% return
Tuesday, December 8, 2009
Here’s another investment potential. As we took the time to blog about this, the listing agent marked this “contingent” and let us know that an offer was accepted. But just for fun, here are some numbers. 429 Los Arbolitos Blvd 3 Bedroom, 2 Bath, 1,150 sq.ft Foreclosure property in Oceanside. $123,300 – Property taxes, 30% down, 5.5% rate, [...]
Continue reading...10.5% return on $89,900
Tuesday, December 8, 2009
This is worthy: An approved short-sale at $89,900. In Summerset Villas, a condo conversion that went belly up. A large portion of the homes are owned by a single entity and thus financing is a problem. So cash is the only thing working for this. With $250.00 a month HOA, $100 for insurance, $500 year (misc) at [...]
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Tuesday, December 29, 2009
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