I Buy Houses Paul

All About WaBenzer

WaBenzer's picture
Paul Mac
San Diego, CA
Real Estate Profits once again! Pilot, Mechanic, Instructor and Computer Programming

Topics I've Participated In

Basic Info

RE Investor
No Children
Completed College


Welcome aboard

keb64's picture

Welcome to the site and the family. Take time and fill out some more on your bio. This is where we come to see who you are and what it is you are trying to do here. If you need help with mentoring or have a question shoot me a PM.

SD property

willowme's picture

Hi Paul,

I looked at the numbers on this property and as listed by you and the flyer, it doesn't add up. Help me understand. Is the ARV listed wrong?

Cost $267K + Repairs $75K = $342K
and you have the ARV listed at $324K
How does that make the investor any money?

Fairmont Av Numbers Off

WaBenzer's picture

Hi Willowme!

Yes, sorry, that was the first locked-up deal for me.

I had difficulty with how to market it and at one point obtained CMA twice and used my own title company data.

One strategy was to afford a lesser sale price by targeting less money to just fix the dwelling and let the garage wait for a year, thus the $30k repairs.

Another was to bring the shop and dwelling to acceptable condition, thus the $75k repairs which didn't make sense.

The flyer app I used generates html to copy and paste manually into some popular sites like CL and others. It looks like I didn't regenerate the html after changing the repair field in the app. The field value appears in one place and the html-built value was no longer the one in the auto-post version of the ad.

But, you may find that my latest contract is better:
http://paulsllc.vsites.com/home ;
http://sandiego.craigslist.org/csd/reo/4034673726.html ;
. Please let me know what you think!

Thank you for the note!