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Hello,
I am a wholesaler, and for the last 3 years I have acquired more bargain investment properties than I can handle myself. I acquire Las Vegas single family homes at 30 to 70% below market in all price ranges in all parts of town and wholesale them to other investors who are able to resell them for considerable profit, refurbish them for even more profit, rent them out to tenants, or use them for very profitable lease/purchase deals. When I put a property under contract it is at a price of 30 to 70% below the market value. Most of these properties require at least cosmetic refurbishing, and some require major rehabbing. These properties come to me from highly motivated and distressed property owners who sell them to me for cash. I find them through pre-foreclosure, probate, bankrupcy, and divorce situations utilizing extensive newspaper advertising, Internet advertising, outdoor advertising, various other types of advertising, individual contacts in each industry, and from bird dogs in the community. I offer these properties only to investors who are cash buyers, or to those who have made previous arrangements with hard money lenders so that they can close within 5 to 10 days for all cash, without a formal appraisal, without a formal inspection, without any contingencies, and with a $3,000 to $5,000 non-refundable earnest money deposit. These very low wholesale prices are due to distressed, foreclosure and bankruptcy court situations. The properties are most attractive to contractors, experienced investors, rehabbers, landlords and other cash buyers who are able to see past easily corrected deficiencies that most first time buyers avoid. Many properties are in need of at least some remodeling to become habitable or resalable. All properties are deemed to have clear title but no representations are made to that fact. Whenever I acquire a new property that I wish to wholesale, I immediately send it out to a list of investors via email. These investors have all requested the information, and they all are qualified cash buyers. I send them an email with detailed description, link to the photos, and date & time when they can view it. Usually the viewing is a Saturday morning from 8:00 am to 11:00 am. Most are able to do their own inspections, but first timers often bring a home inspector or contractor along. They do their appraisal and preliminary title work in advance, and they come ready to leave a non-refundable deposit. The first non-contingency offer takes it. You must be either a 100% cash buyer, or already have cash available from hard money lenders. I can provide referrals to reputable hard money lenders and contractors, as well as sources for preliminary title work and appraisals. If you are interested in purchasing one of my wholesale properties, go to http://www.hotcashdeals.com and register to get on the list. Sincerely, Jeff Wenger Managing Partner Luxury Home Buyers, LLC 8635 W Sahara Ave # 614 Las Vegas, Nevada 89117 http://www.luxuryhomebuyers.org http://www.cashbuyerguy.com http://www.hotcashdeals.com |