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Foreclosure home in Los Angeles. In
January of 2003, I represented the buyer, who bought this for
$130,000. He fixed it up and sold it for $185,000, a nice gain for 2
months worth of investing. |
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7 Units in Hawthorne. In January of 2003,
I locked this deal for a client of mine. There were 26 offers on the
property, but I was persistent, and went $10,000 above asking price to
lock the deal for my client. We got this for $585,000 at a 7.7 GRM,
great for the South Bay! He just put this one back on the market
after 7 months, and we have several offers over $765,000.... wow! |
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Home in Walteria. In February of 2003, I
represented the buyer on this deal. I submitted an offer within'
seconds of the property being listed on the MLS. This is a strategy I often use, I call it, "First in the door and slam it
shut!" It has worked for my clients brilliantly this
year. My client paid $435,000 for this beauty, which is already
worth about $510,000. |
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Home in Gardena. In February of 2003, I
represented the buyer on this 2 bedroom 1 bath house on a 8,000 square
foot lot. My client paid $245,0000 and this property is already
worth $305,000. |
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12 Units in Los Angeles, non-rent-control.
In April of 2003, I represented the seller on this deal. My client
bought the property a few months before for $560,000 and sold this one for
$650,000. A nice days work. |
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8 Unit REO in Los Angeles. In June
of 2003, I was first in the door again on this one. I locked the deal for
my buyer at $241,000 at a 6.7 GRM. He has this one at a 4.8 GRM for
himself. We recently received several offers on this same property
for $419,000. |
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4 Units in Los Angeles, non-rent-control.
In June of 2003, I represented the seller on this one. My client
bought this property for $215,000 and we sold it for $370,500. Easy
money on the gravy-train. |
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9 Units in Los Angeles. In June of 2003, I
represented the buyer and the seller on this one. For the seller, he
bought the property a few months before for $280,000. I negotiated a
price that would be fair so both parties could make money and we sold it
for $400,000. The buyer has the property at a 7.9 GRM and he's
cash-flowing. |
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21 Units in Los Angeles. A 5.5 GRM
building! I found this one while I was in the Amazon Jungle of Peru,
in March, and my Broker bought it immediately. We closed escrow on
it in August of 2003. He paid $650,000 and he's making some huge
bank on this one. I need to take vacations more often! |
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14 Units in Long Beach at a 7.8 GRM for
$650,000, non-rent-control. In May of 2003, I found this one on the
Loopnet. I made an offer on it within seconds, but this time there
were already 7 other offers on the table. I kicked up my offer
$10,000 and blew the others offers away. I locked the deal for my
buyer and his building is now worth about $850,000 at a 5.5 GRM in Long
Beach no less! |
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Foreclosure home in Los Angeles. I
represented the buyer on this one. I locked this deal at $138,000,
about $35,000 under market value. We closed escrow in July of 2003
and this property is already worth over $200,000. |
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14 Units REO in South Central Los Angeles,
non-rent-control. I really love this area, I feel that this is the
new hot-bed for Los Angeles Real Estate. I found this one and told
my Broker Steve, that this was an incredible deal and he should buy
it. In August of 2003, I wrote the offer, and again, I was first in
the door and we got it for $550,000. Steve is currently at about a
5.6 GRM, not a bad days work. |
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3 Units in Los Angeles. In September
2003, I represented the seller on this deal. My seller bought this
one for $160,000 and we sold it for $280,000. |
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3 Units in Los Angeles, non-rent-control.
I represented the buyer on this deal. I got the first offer on the
property and in November 2003, we closed it. My buyer paid $321,000
for this property and he already has it sold for $380,000 in one
month. He's even cash-flowing at a 8.7 GRM. |
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3 Units in Los Angeles, non-rent-control.
This is the sister-property of the one listed above. I got this deal
by tracking down the owner and telling him that I had a buyer for the
property. I locked it for my buyer at $315,000 and we closed in
November 2003. My buyer is cash-flowing at a 7.8 GRM. |
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12 Units in Los Angeles. I helped the
seller, a friend of mine, by posting this one on Loopnet. I had it
sold for him in a couple of days. We closed on this one in
November. He bought the property for $86,500 and sold it for
$565,000, nice bank, pardner! |
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11 Units in San Pedro, non-rent-control. I
represented the seller on this deal. He originally bought this
property for $409,500 about 4 years ago and we sold it for $1,375,000 and
that my friends is how we make money in real estate. My seller said
if we could get near 1.3 million he'd be happy, but I got him multiple
offers at $1,375,000, I have to pat myself on the back for this one!
Closed in January of 2004. |
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Condo in El Segundo. I found this one,
because I was farming the complex looking for sellers and I found
one. I got the offer in immediately and represented the buyer on
this one. This one went for $360,000, about $40,000 under-market
value, not bad for the great El Segundo! Closed in January
of 2004. |
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Remember this one. 7 Units
non-rent-control in Hawthorne. My client bought and closed escrow on
in March of 2003. I represented him on the buy and now I represent
him on the sale. He originally paid $585,000 for this beauty and now
we have it sold after only about 7 months for $832,000, and that is the
beauty of real estate... making bank! Closed in May of
2004. |
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10 Units in South Central Los Angeles for
$575,000, non-rent-control. My client just bought this property for
$415,000 and I already have verbal offers at full price. I will
represent both the buyer and seller on this one. There is a lot of
upside on this one! You will be able to have this one at a 6.9 GRM,
and that's great cash-flow in South Central Los Angeles, I love it
there! Closed August of 2004. |
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10 Units in South Central Los Angeles for $550,000, non-rent-control. My client just bought this one for
$415,000. I will represent both the buyer and seller on this
property. There is a lot of upside for both sides on this one.
It will be at about a 7.2 GRM. Closed in May of 2004. |
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8 Units in Watts. My client just bought
this one for $415,000 and he will be selling it for $600,000. Due to close in
August of 2004. This property will be
at a 7.8 GRM and will cash-flow nicely. |
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6 Units in Los Angeles, non-rent-control.
My client bought this one for $225,000 and has already received an offer
at $339,000. Many improvements on this one. Closed in March of 2004. |
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This one was bought and sold several times, for
a profit of $225,000. Closed in September of 2004. |
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My client bought this one in South Los Angeles
for $550,000. He closed in May of 2004. He will put it back
on the market for $650,000, is this better than the stock market or what? |
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This beautiful home in Gardena was purchased
for about $100,000. Sold for $355,000. Closed in March of 2004. |
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We sold this 8 unit building for
$415,000. It was originally purchased in Foreclosure for $241,000,
not a bad return. Closed in May of 2004. |
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Here is the same Duplex in San Pedro that my
client bought for $320,000. He just put $25,000 into it, and now has
it SOLD for $485,000, not a bad investment. Closed in February of
2004. |
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This Duplex, my client purchased in San Pedro
for $320,000. It's a complete fixer, but this guy is the best I know
at fixing and flipping. Look at the amazing work he did here.
Closed in September of 2004. |
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This is a Beauty. My client bought this 15
unit building near South Los Angeles for $605,000 and 7 months later,
we're on the market for $895,000, that is quite a gain. |
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5 Units in Los Angeles. My client bought
this one for $45,000, many moons ago and now he has an offer at $490,000,
what a great investment! |
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11 Units in Long Beach. My client bought
this one for $895,000, it was about 9.4 GRM, unbelievable considering the
market we are currently in. A very good deal. Closed in
June of 2004. |
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20 Units in Wilmington. My broker Steve,
originally bought this one for around $450,000, we now have an accepted
offer from one of my clients for $1,040,000. That is a $590,000
profit, that is what we call smart real estate 101. My client has
plans to make each one bedroom unit into 2 bedrooms. Closed in November of
2004. |
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My client Just closed escrow on this one at the
end of June of 2004. As you know, he purchased this one for $550,000
and I just brought him an offer in August for $670,000, a $120,000 profit
in 1.5 months. The owner is currently considering the offer. |
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My client just bough This 4 unit
beauty off Nadeau St., in South Los Angeles. All 2/1's
non-rent-control. She bought this way under market. I find the
deals baby! Cost $371,000, due to close 10/1/04. |
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My client just bough This 4 unit
beauty off Nadeau St., in South Los Angeles. This property is next
door to the one listed above. All 2/1's non-rent-control. She
bought this one for the same price as the one next door. I locked
these fast! Cost $371,000, due to close 10/1/04. |
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My client bought this triplex
for $350,000 off 83rd St., completely vacant, so immediately he can get
market rents. This will still cash-flow greatly with only 10%
down. Closed in November of 2004.. |
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I found my client this home in
Redondo Beach. This house is absolutely spotless, in like-new
condition. We just did the inspection and the inspector said this is
one of the best properties he's seen in a while. Felton in Redondo
Beach, Purchase Price $590,000. |
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