Investor Special - Look What You can Buy for Under $50,000 in the Hemet - San Jacinto Valley

By
Real Estate Agent with Mason Real Estate CA BRE 01444168

Wow... a Single Family Home for Under $50,000...only $45,000 to be exact!  That's right it's almost 1,100 sq ft and includes 2 bedrooms, 2 baths, an attached garage and even a covered carport and covered patio in the back yard.

 

The new listing for sale is just hitting the MLS today, and already there is excitement from the investor community.  I have one savvy buyer looking for a great investment property who is looking to leverage her own resources with hard money, or as it is more commonly known today - as 'Private Money'.

 

The seller is a bank and yes the home for sale is an REO... or Real Estate Owned.  There are two basic investment strategies this home will work with - both for the investor who wants to fix and flip - thereby generating some rather quick and easy cash flow or for the one who wants to build long term wealth by buying and holding the property - generating both a positive cash flow every month and positioning themselves for long term equity.

 

Some investors will want to negotiate a lower price - but I really don't think the bank will consider anything less, not at least until it has been on the market for a week or two...but come take a look and lets see what we can do.

 

Feel free to contact me at 951.443.6259.  If you want to search the MLS for other great investment opportunities, then visit the website www.Come2Temecula.com.

 

 

 

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Until Next Time, Have a Blessed Day,

John Occhi, ePRO, REALTOR®
DRE Lic No: 01444168


ePro,John Occhi,www.johnocchi.com,realtor      Certified Probate Real Estate Specialist Logo Awarded to John OcchiFive Star Logo,Certification,REO,Five Star Institute     

Excellence in Real Estate,Team Log,John Occhi,www.johnocchi.com,hemet,san jacinto,CA  

This blog and the contents written here is the intellectual property of John Occhi, Temecula - Murrieta, CA REALTOR® in the South West Riverside County region of the Inland Empire of Southern California.  The views and opinions expressed are just that - views and opinions of John Occhi and those who comment.  Please note that I am not an attorney or a tax professional and any time I discuss either topic, I suggest you consult with the proper professional for relevant assistance. 


I am proud to be a full time REALTOR® who is proud to be a contributing member of the ActiveRain community.

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California Riverside County San Jacinto Mt San Jacinto
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CALIFORNIA REAL ESTATE
California Short Sales, REO's, and Foreclosures
City and State
FIX AND FLIP IT
Foreclosures
Tags:
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san jacinto
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mls
investment
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Rainmaker
238,366
Donna Paul
Keller Williams Realty Gold Coast - Dix Hills, NY
Long Island Home Specialist,All About Real Estate
John:that sounds like a great investment. i'm sure the resale value is a good on this one too.
Jul 24, 2011 10:24 AM #1
Rainmaker
312,455
John Occhi
Mason Real Estate - Temecula, CA
SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate

Thanks Donna.  Yes, if a Fix n' Flip investor buys - spends about $2500 in materials (carpet, paint, a few doors, etc) and some sewat equity - this home would sell for $60 to $65,000 in todays market

Jul 24, 2011 01:12 PM #2
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