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Anyone looking for 65% of value SFR deals in CA?


CazzDeluca said: "Usually Bulk Foreclosure Portfolios are purchased in the 50 MIL and up range. This makes it difficult for most beginner to intermediate investors to make a play. We have set up a system where the smaller investors (100K-2 MIL) can get into properties in CA for 65% of current value. So a 400K home can be picked up for 260K plus closing costs. We've been doing this for some time and even though there are a lot of people out there saying that they CAN do it we ARE doing it. We've also setup a program with one of our lenders for an immediate refinance based on 65% of appraisal with your capital reimbursed. So basically, you are able to leverage your cash to pick up a few properties at a significant discount to market (which make most cash flow) and then get almost all your capital back to do it over again. For the larger investors that want their own portfolio, we have a separate program for them but this might be a viable option fo anyone looking to cash in on the REO MARKET while we still have some leverage. Best, CD"

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