Tag Archive | "Investment"
What’s the deal with the “No FHA Offers for 90 days”?
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 [...]
Continue reading...
Thursday, December 17, 2009
0 Comments