aaron the house buyer wholesaling & beyond 10 profitable deals utilizing wholesaling, subject-to,...

Download Aaron the House Buyer Wholesaling & Beyond 10 Profitable Deals Utilizing Wholesaling, Subject-To, Seller Financing & Cash Wholesaler from Riverside, CA

If you can't read please download the document

Upload: cathleen-dixon

Post on 22-Dec-2015

216 views

Category:

Documents


1 download

TRANSCRIPT

  • Slide 1
  • Aaron the House Buyer Wholesaling & Beyond 10 Profitable Deals Utilizing Wholesaling, Subject-To, Seller Financing & Cash Wholesaler from Riverside, CA www.AarontheHouseBuyer.com
  • Slide 2
  • 541 N Hargrave, Banning
  • Slide 3
  • Seller ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories Parking HOA Pool Occupied Rent Year Purchased Paid Old Lady $80K 2 1 700 8,276 1948 1 2 car detached No Vacant Was getting $550 (Market $800) 1973 $5,000
  • Slide 4
  • Slide 5
  • Details of the Deal Owner got letter, had daughter call She told me it had a new roof 2 years ago. Offered her $52,500 Net, I pay transfer costs She countered at $54,000 She said God told her shed get $54,000 Countered at $54,000 and she pays up to $1,000 of her own escrow
  • Slide 6
  • Rehab Trash /out. removed from yard: Chicken coop & metal shed Gut room inside garage and remove old paint/tires Materials/ labor 150/225 House Toilet paper holder/towel bars Materials/ labor 10/20 8 Window blinds Materials/ labor 80/100
  • Slide 7
  • Rehab (cont) New locks and deadbolts on all doors. I think there are 6 sets total. Materials/ labor 100/65 Install closet second bedroom, door shelves include dry wall Materials/ labor 115/175 3 window locks, 3 light plate covers Materials/ labor 25/25 Remove side shed off garage 225/350 Total Materials: $695 Labor: $960 = $1,555.00
  • Slide 8
  • Slide 9
  • Slide 10
  • 32390 Marie Dr, Lake Elsinore
  • Slide 11
  • Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories Parking HOA Pool Occupied Rent Year Purchased Paid Lawyer $130K-ish 1 1 (1 & ) 911 3,485 1930 1 Space on Front Yard $75/year (Beach Use) Lake use No ?? Parents Bought in 1982 Daughter Inherited 2006
  • Slide 12
  • Details of the Deal Found me Online Wifes Parents Weekend Home Asking $100,000 In House Buyer Suggested We Offer $85,000 Total Dump 1 Bedroom 2 Bath?? (His & Hers?) Offered $75,000 Wholesaled it for $10,000 Buyer turned it into 2/2 & Sold in 26 Days for $160,000
  • Slide 13
  • 290 N Wateka, San Jacinto
  • Slide 14
  • Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories Parking HOA Pool Occupied Rent Year Purchased Paid 72 YO Man $140K 4 2 1,462 20,038 1929 1 1 car garage detached No Old, about to be homeless woman Not paying rent 1989 - Parents $106,000
  • Slide 15
  • Details of the Deal Seller & 2 Brothers Inherited Trustee is Tired of Dealing With It He Said $40K in Rehab Offered him $60K (3 Bros = $20K Each) He Accepted Then Didnt Hear From Him Closed 2 Months Later Wholesaled it for $15,000 In SDIRA
  • Slide 16
  • Investor Sold for $170K 5 DOM
  • Slide 17
  • 2740 N H St, San Bernardino
  • Slide 18
  • Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories Parking HOA Pool Occupied Rent Year Purchased Paid Doctor $195K 3-4 2 10,000 1,742 1941 1 2 Car Detached No Grandson None 1989 $91,500
  • Slide 19
  • Details of the Deal Listed 120 Days in 2001 for $115K Tired of Dealing with Loser Grandson Seller Said $40K in Rehab Said if He Listed it, He Could Get $170K Wants to Sell it As-Is for Something Over $100K Offered Him $101K Closed at $102,500 Wholesaled it for $23,500
  • Slide 20
  • My Easement An exclusive Easement for the property described as follows; extending 81 along the south property line heading in a westerly direction from H St ending at the metal pole and extending 8 from the south property line in a northerly direction for ingress egress on over and through said land. Said Easement is exclusive to (neighbor's full name) and will terminate when (neighbor's full name) no longer has an interest in the land described as follows (neighbor's full address).
  • Slide 21
  • Investor Sold for $215K 42 DOM
  • Slide 22
  • Slide 23
  • 13117 Lancaster Lane, Moreno Valley
  • Slide 24
  • Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories Parking HOA Pool Occupied Rent Year Purchased Paid Retired Guy $195K 2 1 900 10,454 1959 1 1 Car Garage No Vacant None 1978 $31,000
  • Slide 25
  • Details of the Deal Seller Called off a Letter Took Nephew to the House Offered Seller $85K Got the Seller to Sign an Agreement He Took it to an Agent Who Called Me Lis Pendis Wholesaled it for $5,000 Investor Kept as Rental
  • Slide 26
  • Slide 27
  • 428 W Francis St, Ontario
  • Slide 28
  • Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories Parking HOA Pool Occupied Rent Year Purchased Paid ??????????????????????????????
  • Slide 29
  • Details of the Deal Another Wholesaler Called Me I Called One of My Buyers Under Contract at $210K My Buyer in at $225K Told Wholesaler to Negotiate $5K Discount Closed at $205K Split $20K Wholesale Fee 3 Phone Calls, 1 Email Wholesaler Now Working For Me
  • Slide 30
  • 300 E Big Springs, Riverside
  • Slide 31
  • Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories Parking HOA Pool Occupied Rent Year Purchased Paid Woman $295K 3 2 1,344 9,583 1976 1 2 Car Garage No Dave 34 Year Tenant $550/month Market $1795 1979 $50,500
  • Slide 32
  • What Did I Buy!?!?
  • Slide 33
  • Details of the Deal Disney Deal Didnt Actually Know it is A Mobile (433) Original Offer Was Going to Be $190K!!! Asked What She Wanted - $80K Another Investor Offered Her $83K Upped to $90K with $100 Earnest Money Private Lender Lent $125K Sold to Dave for $160K Net to Me
  • Slide 34
  • Slide 35
  • Canyon Hills, Lake Elsinore
  • Slide 36
  • Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories Parking HOA Pool Occupied Rent Year Purchased Paid Young Woman $215,000 3 2.5 1,633 N/A 2007 2 2 Car Garage $225 Community Owner $1,595 2013 $139,000 Cash
  • Slide 37
  • Details of the Deal Little Ms. Piggy Just Wanted Cash to Move Asking $140,000 Offered $120,000 w/ $1,000/month Lease Back for One Month Private Lender Funded $100,00 @12% Into it For Around $30K Cash Return Sucks, But Captured $75K Equity
  • Slide 38
  • Slide 39
  • Sale w/ Hold Over Seller Clause Seller to receive $115,000 at close of escrow (minus negotiated rent credit). Seller authorizes and instructs escrow to withhold $5,000 until seller vacates property no later than June 15, 2014 and hands keys to buyer. If seller fails to vacate property by 5PM on 15 June 2014, Seller agrees to pay Buyer an extension fee of $1,500 plus rent in the amount of $50 per day beginning June 16, 2014 and continuing through the date the property is vacated. Escrow holder is authorized and instructed to debit Sellers hold funds and credit Buyers account accordingly for the extension fee and pro-rated rent, in that event.
  • Slide 40
  • Genevieve, San Bernardino
  • Slide 41
  • Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories Parking HOA Pool Occupied Rent Year Purchased Paid Old Woman $160K 2 1 1,004 6,250 1937 1 Carport No Owner $1,100 Jan 2001 $97,000
  • Slide 42
  • Details of the Deal Gave Up and Wanted to Move to Alaska Found By Another Wholesaler Driving for $$ Paid Him $5K and Her $5K Took Property Subject To Her Loans $59,938, $730/month, ($453 P / $315 I), 6.275% 20 Year Loan 11 Years Old $49,000 HELOC, $135/month, 3.25% I/O Worst Cat Pee House Ive Ever Purchased
  • Slide 43
  • Slide 44
  • Anti-Icky-Poo
  • Slide 45
  • What Did I Buy!?!?
  • Slide 46
  • Fireplace Oven to Living Room
  • Slide 47
  • Ice Chest to Kitchenette
  • Slide 48
  • N Weston, Hemet
  • Slide 49
  • Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories Parking HOA Pool Occupied Rent Year Purchased Paid Music Exec. $160K 2 / 1 1 / 1 1,130 Front, 438 Back 6,534 1958 1 2 car Garage Attached to Back House No Front Vacant $400 Back, $795 Front 1998 Dad Bought for $40K, Still Alive, but Gave to Son
  • Slide 50
  • Details of the Deal Asking: $158,500, $25K Down, 6%, $1,000/month, Due in 10 Years Listed with Friend Claimed to Have Offer Just Under $150K My Offer: $150K, 10% Down, $675/Month Due in 10 Years, 6% I/O Seller Pays First $1,500 of Own Escrow Fees Had to Sign Rehab Agreement Rented Front House for $795, Back at $400 What is the Future Potential Profit in This Deal?
  • Slide 51
  • Note Clause Maker has first right to match any bona fide offer to purchase this Note at a discount before its maturity. The Maker of this note reserves the First Right of Refusal should Note Holder ever decide to sell all or any part of this Note before its maturity. Note Holder must get a written quote from a licensed Note Broker as proof of a bona fide offer to purchase this note as a comparable price. Maker has 60 days to make a decision whether to buy the note. Maker additionally has 60 days from his/her decision to buy the Note to raise the funds required to buy the Note.
  • Slide 52
  • Note Clause This note cannot be declared in default without a fifteen (15) day notice of intent to do so. Any reason for default must be declared and may be corrected during said notice period.
  • Slide 53
  • Note Clause The property located at shall serve as sole security for this note.
  • Slide 54
  • What did we learn today? All types of people sell to wholesalers Retail to Investor Wholesale to Rehabber Wholesale to Landlord Whole-tail to Tenant Hold as Rental Seller Financed Rental Note Clause Subject To Rental Long-Term Good Financing for Keepers
  • Slide 55
  • Seller Lease Back Clause Assignment Fee Agreement Have more than one way for sellers to contact us. Landlords pay more than flippers, but less than owner occupant buyers, but sometimes more Be flexible in your deals. Sometimes a house is just a pay check in disguise. Until a Seller tells you to go to hell or threatens to call the police on you, theres still a potential deal on the table. Dont give up!
  • Slide 56
  • How Do They Stack Up? $146,500 in Net Profits + $10K to wholesaler 3 rentals 2 are 2-on-a-lot ($30K Equity) One is Almost Brand New w/ $75K Captured Equity Total of $251,500 in Cash & Equity Great Seller Financing All these properties are within a short drive Very liquid Most Importantly
  • Slide 57
  • Slide 58
  • Slide 59
  • AaronMazzrillo.com
  • Slide 60