CRR Blog

5 deals in just one day... And there were many more than that...

Just look at these bargains from yesterday...


1BR/1BA CONDO at 5050 Linden Ave. #90 in Long Beach...


Value:  $124,500.00  Est Bid:  $41,769.90  Sold for only..   $47,200.00   !!!


3BR/2BA Home at 14320 Broadway in Whittier...


Value:  $321,500.00  Est Bid:  $227,444.00  Sold for only... $231,000.00  !!!


3BR/2BA Home at 6660 Allston St. in Los Angeles...


Value:  $592,500.00  Est Bid:  $209,000.00  Sold for only... $209,000.00   !!!


2BR/3BA Home at 3058 Weldon in Los Angeles...


Value:  $383,000.00  Est Bid:  $389,558.00  Sold for only... $264,700.00   !!!


4BR/1BA Home at 1128 W. Kensington Rd. in Los Angeles/Echo Park...


Value:  $756,500.00  Est Bid:  $699,844.00  Sold for only...   $426,000.00   !!!


 

A nice little subscriber story....

One of our subscribers mentioned that he bought a house during the time when dropped bids were not as constant as they are today.


This was in November, 2009.


The property had been postponed from sale several times, from an earlier August auction date.


He followed the postponements on our site, did his due dilligence, and showed up on 11/12/2009, ready to bid.


The lender was owed $450,561.00 on a foreclosing first TD.


Market value was around $389,000.00


The bidding opened at $308, 799.60, and he bid just one penny over that amount.


He was able to take possession and sell the property without conflict.


He made a nice profit, selling the property at market value to a funded buyer, who paid right around the estimated bid price.


The property is in Anaheim. 


Name and address withheld, as the property is no longer available.


 


 


 

3 Gems in Riverside County from just yesterday.......

Duplex at 41790 Briarwood in Hemet...


Value:  $165,000.00  Est Bid:  $309,978.00  Sold for only... $96,800.00   !!!


4BR/3BA Country Club Home at 84186 Canzone Dr. in Indio...


Value:  $186,000.00  Est Bid:  $352,144.00  Sold for only...  $119,100.00  !!!


3BR/2BA Home at 8465 Galena St. in Riverside... 


Value:  $157,500.00  Est Bid:  $247,048.00  Sold for only...  $96,315.01   !!!

Under $100,000.00 can be done...

4BR/3BA House on large lot at 926 Douglas St. in Calimesa...


Value:  $239,000.00  Est Bid:  $70,489.00  Sold for only...  $78,200.00   !!!


3BR/2BA Home at 3860 Capella Dr. in Barstow...


Value:  $142,500.00  Est Bid:  $154,616.00  Sold for only...  $22,700.00  !!!


4BR/2BA Home at 21889 Esaws Ave. in Apple Valley...


Value:  $92,500.00  Est Bid:  $196,376.00  Sold for only...  $62,000.01   !!!

Tell me something good..... Like low bid prices at aution... Tell me that you like it....

Duplex at 1195 E. 49th St. in Los Angeles...


Value:  $552,000.00  Est Bid:  $569,658.00  Sold for only...  $228,000.00  !!!


2BR/1BA Home at 4942 Union Pacific in Los Angeles...


Value:  $150,500.00  Est Bid:  $57,719.00  Sold  for only...      $93,000.00  !!! 


Triplex at 1111 Walnut Ave. in Long Beach...


Value:  $523,000.00  Est Bid:  $518,168.00  Sold for only....   $275,000.00   !!!


Duplex at 1805 Locust Ave. in Long Beach...


Value:  $618,000.00   Est Bid:  $523,949.00  Sold for only...   $265,000.00   !!!


2/2 Home at 24382 Cimarron Ct. in Laguna Beach...


Value:  $533,000.00  Est Bid:  $532,012.00  Sold for only...    $385,000.00   !!!

Big Homes Big Lots Big Deals with over $100,000 in Equity each....

4BR/4BA Remodeled Beauty at 5010 Chimneas Ave. in Tarzana...


Value:  $902,000.00  Est Bid:  $696,511.00  Sold for only....   $592,500.00  !!!!


4BR/3BA Huge Home at 7055 E. Country Club Ln in Anaheim Hills....


Value:  $796,500.00  Est Bid:  $680,500.00  Sold for only...    $621,000.00   !!!


3BR/3BA Sprawling Ranch Home at 32380 Crooked Arrow Dr. in Wildomar...


Value:  $439,500.00  Est Bid:  $432,743.00  Sold for only...    $285,000.00   !!!


 

The deals are there... where are you?

2BR/1BA Home at 38241 16th St. E in Palmdale...


Value:  $77,500.00  Est Bid:  $165,171.00  Sold for only...   $42,000.00  !!!


2BR/1BA Home at 29226 Avenida Gaviota in Cayon Lake....


Value:  $123,500.00  Est Bid:  $202,948.00  Sold for only...   $39,178.81   !!!

One from last Friday....

Duplex at 2971 Seabright Ave. in Long Beach....


Value:  $440,000.00   Est Bid:  $431,048.00   Sold for only...   $245,000.00   !!!

Great Deals translate into instant equity at the courthouse steps.....

HUGE-MONGOUS WHITTIER PROPERTY...


5BR/4BA HOME at 8534 Enramada in Whittier....


Value:  $802,000.00   Est Bid:  $928,535.00  Sold for only....     $654,500.00   !!!!!!!!!!!!


 


HUGE-MONGOUS EQUITY IN LA......


3BR/1BA HOME at 3505 9th Ave. in Los Angeles....


Value:  $424,500.00  Est Bid:  $424,906.00  Sold for only...      $182,400.00   !!!!!!!!!!!

Instant Equity in Los Angeles...

Duplex at 6011 S. Main St. in Los Angeles...


Value:  $547,000.00   Est Bid:  $568,887.00  Sold for only...     $211,500.01   !!!


That represents more equity value than was spent at auction.


Twice as much value as what was spent !!!


This can be instantly sold at a nice profit.


Where were you at this sale?

You cannot make this up.....

A Sprawling 5BR/3.5BA Ranch Home on acreage, recently built and just gorgeous....


at 11761 Kitching St. in Moreno Valley...


Value:  $361,000.00   Est Bid:  $110,010.00  Sold for only...       $108,100.00   !!!

Rolling Hills Luxury Well below market...

5BR/6BA Manor Home with over a dozen bonus rooms...


at 15 Caballeros Rd in Rolling Hills...


Value:  $2,643,500.00  Est Bid:  $2,369,766.00   Sold for only...   $1,805,500.00  !!!!

3 Deals from Yesterday....

2BR/2BA CONDO at 317 W. Hyde Park Blvd #3 in Inglewood...


Value:  $162,500.00  Est Bid:  $251,790.00  Sold for only...  $84,674.71   !!!


2BR/3BA CONDO at 808 S. Osage Ave. #9 in Inglewood...


Value:  $178,000.00  Est Bid:  $312,729.00  Sold for only...  $101,500.00   !!!


Duplex at 6639 San Mateo St. in Paramount...


Value:  $212,695.50  Est Bid:  $576,323.00  Sold for only...  $212,695.00   !!!

$300,000.00 in instant equity on Catalina Island....

Just yesterday...


Duplex at 240 Descanso Ave. In Avalon...


Value:  $862,000.00  Est Bid:  $644,457.00  Sold for only...  $558,000.00   !!!


That represents a net gain of $300,000.00 in equity for the bidder.

Lakewood 3 Bedroom... What a Deal!!!

Just yesterday......


3BR/2BA Homeat 12354 Centralia St. in Lakewood....


Value:  $349,000.00  Est Bid:  $283,008.00  Sold for only...    $244,388.71   !!!


Over $100,000.00 in instant equity....

Whittier 4-Plex with Instant Equity

4-Plex at 12314 Breezewood Dr. in Whittier....


Value:  $720,000.00  Est Bid:  $759,618.00   Sold for only...  $514,000.01   !!!

Just one look....

Duplex at 1451 E. 54th St. in Los Angeles...


Value:  364,000.00  Est Bid:  $557,184.00  Sold for only...  $228,000.00   !!!

4-Plex Vs Duplex A tale of two sales....

Below are two properties from today and yesterday.. The stories are similar but very diffierent.....


Duplex at 2363 Locust Ave. in Long Beach...


Value:  $526,500.00  Est Bid:  $570,926.00   Sold REO back to the Lender for only...    $227,250.00   !!!


4-Plex at 325 W. Magnolia St. in Compton...


Value:  $583,500.00  Est Bid:  $521,080.00  Sold to a bidder for only...   $208,500.00  !!!


The Compton property had a low starting bid of just $100.00  !!!


There was obviously a fight, but the winner had a steal at the end of the day.


The Long Beach property also started lower than they had to, but the lender was the winner because no one topped the lender's bid.  It could have been a similar situation on the Compton property, but the lender set their sights low.  This is what we all should be looking for.

More great deals in Los Angeles for @ $100k or less per door... just last Friday...

2BR/1BA Home at 152 W. Century Blvd. in Los Angeles...


Value:  $180,500.00  Est Bid:  $332,068.00  Sold for only...  $105,000.00   !!!


Studio CONDO at 425 S. Kenmore Ave. #104 in Los Angeles...


Value:  $196,766.00   Est Bid:  $177.500.00  Sold for only...  $69,000.00   !!!


4-Plex at 539 Bittania St. in Los Angeles...


Value:  $739,000.00   Est Bid:  $684,697.00  Sold for only...  $335,250.00   !!!


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