Under Contract
This deeply discounted REO has got a leaky roof that has caused lots of water damage on the inside. Drywall has fallen from the ceiling.
Back taxes due: just under $1200 dollars.
Your price: $10,000.
Address: 400 Block of Buena Vista, Anderson SC.
Address: 11 Petty Court, Petersburg, VA, 23803
3 Bedrooms, 2 Baths, 1202 ft2 Rancher. Possible 4th Bedroom in the addtion.
Current tenant paying $875 mo, on time every time since 2005.
House has Central Heat / Air, recently painted
Contract for Assignment at $85,000 or best offer.
That’s 65% ARV!
Do not visit the property without securing my permission.
Call Chris to schedule access, 804/915-9475.
Do your own diligence. All information deemed reliable, but not guaranteed
Contact Chris at 804/915-9475
To hear about more great deals before they even get to the general public, sign up for deals at our Walker’s Wholesale Houses Buyer’s List.
4 Bedrooms, 2-1/2 Baths, 1664 SF Dutch Colonial.
Needs 10 to 15K work, has ~ 30k in ground pool that needs about 2K work including liner.
Sales price: 82K.
Co-marketed with permission from Smart Home Builders.
Property Address: 585 Roberson Street, Petersburg VA, Berkeley Manor Subdivision
Small rehab job! Should be under 15-17k for updating. Get it back on the market or ready to produce rental income quick.
Great Profit margin – including repairs, assuming arv of ARV of 150, an 82k price plus maximum repairs is 66% LTV
In last 12 months, in that subdivision.
Add a premium for the 30k inground pool, suggests an ARV in the 150s – 160s.
These sold comps in the subdivision are similar ft2 and remodelled.
Do not disturb the tenant.
Call me for details on how to access the property.
804/915-9475.
SOLD via private placement!
Note: If you are a cash buyer and can make a quick decision, I need to know that. Call me at 804/915-9475. This one was placed to an investor with just a phone call before the rest of my list even knew about it!
Your price:
Only 19K.
This shell of a rehab has already been stripped to the studs and covered with vinyl siding.
This former Bank REO couldn’t even make the cut on the open market, so you can pick it up for an even deeper steal. . .
House is open and available to look at.
ARV about 145.
Address: 3500 block of Maryland Avenue, address hidden to attempt to protect against vandalism.
Call Chris at 804/915-9475 for more information
Duplex in Hopewell.
Pending short sale approval
Make your best offer around 100k.
621 and 623 Broadway, Hopewell VA.
Side one (621) assessed: 80,000k
Side two (623) assessed: 78,400
Each side is 3/1, 1440 ft.
2 story duplex
Some minor repairs needed to make rental ready, under 10K.
Long term repairs will include some soffitt work, replacement windows.
Contact Chris at 804/915-9475 for access.
I’ve not seen a house this ugly in a long time.
Estimated repairs: $40,000
Your price: $80,000
ARV: $175,000 for upgraded repair (granite, tile, etc).
This puts you about 68% of After Repair Value
Your Price $20,000
Mt. Holly, North Carolina
Address not printed to avoid vandalism to empty property.
Priced 16K below City Assessment of $36,318
Land alone is assessed at 22K.
House is uninhabitable in its condition.
Contact Chris at 804/915-9475 for access, address and photos.
2 br, 1.5 bath
819 ft.
No heating system listed on tax record.
Asphalt shingles.
Mill house Built 1920
Wood frame
Lot 10,019 Sq feet (.23 acre)
Condition is run-down.
You could tear it down or gut it and rehab it.
Rehab budget depends on what you want to do with it.
Comps between 60-80 depending on end use.
House is one of those older mill homes. Houses on the block being renovated.
Photos show that this one and one more need to be brought up to par with neighborhood.
Serious inquiries only. Proof of funds needed with offer.
Call Chris at 804/915-9475 to Get photos emailed to you and arrange access to property.
Do your own diligence.
All information deemed reliable, but not guaranteed
Handyman special to fix up property outside of Charlotte NC.
Before offering a wholesale property for sale, make sure you contract the property first.
Get as distant of a closing date as you can while being able to close early if you like. I usually ask for 45-60 days.
You will need to put up an earnest money deposit to make the contract legal of course but this can be anywhere between $10- thousands. Do what you can to negotiate the least amount while giving you the most freedom for closing. If it is more than $100 I always require to have the deposit put in an attorney or title company escrow account.
My sellers tend to accept $1, or $10.
The next and most important thing is your inspection clause. This is what will give you the safety you are looking for. Ask for at least 15 business days which will give you 19 actual days, to do your inspections.
The main thing here is to give yourself enough time to get a contract with a buyer.
Here is a sample clause [check with your own state and attorney]
"In the event the property does not meet the buyers approval, all earnest money will be promptly returned to buyer and the contract will be voided."
Now you can legally go to your buyer and offer to sell them the contract on the property.
Don’t offer a property for sale that you don’t have a contract on. That can get you into legal hot water real fast.
I will sometime get a call from investors asking if they can promote their property on my list. I will not do that if they don’t have a contract on the property. Nor will I put it on my list unless I have an option or something on it.
I might call a few investor friends with a lead, but I will not advertise it or offer someone else’s contract for sale unless I get made party to it.
There are investors who can buy a house for cash.
Where does the cash come from?
In the last few weeks I’ve encountered two sellers are waiting on a settlement so they can buy their next property for cash.
Is that your situation?
Are you looking to buy a fixer upper for cash that you are wanting to repair?
Would you like to get a house for pennies on the dollar and do so by cash?
Sign up for our Wholesale Buyer’s list and get on our list to be made aware of what we have in our inventory.
You’ll be asked for a phone number. Make sure we get that as well.
Click here to join our list ->Wholesale Buyer’s list
This house comes with sub2 owner financing for up to two years, making it perfect for a lease option exit strategy and collecting your check on the back end.
Little money to get in, just take over payments on 1st mortgage for 1st year, then both on 2nd year.
Move-in Ready for those who do lease options.
Around 180,000.
First year payments at $1202. 2nd year payments at $1500.00
Approximate ARV between $220-240 if you can hold onto it while the market sits and collect a nice backend payment if your buyer cash’s out.
Currently listed neighborhood property between $215 and $250.
At $220,000 arv, this sits around 82% ARV for now.
This is not a fix/flip opportunity.
4 bedrooms 2.5 baths, 2100 ft2 +/-
This home is great for entertaining and features an open floor plan with a two story living room and fireplace, a large updated kitchen with newer flooring and countertops as well as access to the rear deck that overlooks the wooded private lot.
There is also an extra large (19 x 19) family room with a half bath and French doors that lead you to the front patio.
The first floor master suite boasts a walk in closet and full bath.
There are three additional bedrooms and a full bath located upstairs. What a great value!!
Elem School: Providence
Middle Schoo: Providence
High School: Monacan
Contact Chris at 804-915-9475 to arrange access.
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