Bargain Home Tour in Greenwood TOMORROW!

***Investor Special***

FREE Tour Sun. 8/1: Bargain Homes in Greenwood!


GreenwoodFixers.com

888-621-4999 X4

Itinerary: Sunday Tour of Bargain Homes in Greenwood

View up to six Greenwood homes on Sunday, August 1st priced $179,000-$345,000!

Our Sunday Tour of Bargain Homes is Very Different from a Traditional Open House

Our Sunday Tour of Bargain Homes is a great way to get an overview of what homes and features are available in your price range in your favorite Seattle neighborhoods. There is no pressure being a part of a group and you will enjoy the constructive comments of your fellow tour members. Each tour features a different Seattle neighborhood. This tour will be in Greenwood on Sunday, August 1st.

Here is how it works: Our tours begin on selected Sundays. Each tour runs from 2-4 pm and you may meet us at any home on the tour. Tours begin at 2pm SHARP at the first house on the schedule where you will pick up detailed maps, directions and information of the featured houses. I will post the schedule of houses on the tour 3 days in advance on my Seattle Real Estate Investor blog at www.wendywonder.blogspot.com.

On Sunday, Aug. 1st meet at our first house at 9217 4th Ave NW ($315,000) at 2 pm. The following other properties will be previewed at the times below (subject to change day of event):

2:25pm 8718 2nd Av NW $179,000
2:45pm 713 N 94th St #E $269,950
3:10pm 1215 N Northgate Wy $266,900
3:35pm Unlisted property at Dayton Av NW and 110th St NW
3:45pm 11732 Greenwood Av NW $345,000

Feel free to drive by the homes before the scheduled tour times, but once the tour starts, don’t be late for the one(s) you want to preview. There will be lots of other buyers on the tour, and show times are exact. If you are interested in one of the homes on the tour, we can arrange a private showing at another time.

Greenwood is an affordable, working-class neighborhood north of Ballard, Phinney Ridge and Green Lake. Businesses located in Greenwood include Wheatless in Seattle, Fred Meyer, Mondo Burrito, Jensen’s Smoked Salmon, and Lee’s Produce. Taproot Theatre provides live theatre with a Christian theme; and Carkeek Park is a one of Seattle’s premier forested parks with trails to the beach on Puget Sound.

The Sunday Tours of Bargain Homes are led by Wendy Ceccherelli, Designated Broker for Home Land Investment Properties, Inc. She is an experienced real estate investor, and the tour provides valuable guidance for first time home buyers, real estate investors and other bargain house-hunters. This Sunday she is joined by Greenwood wholesale investor Greg Martin, who is advising on both listed and unlisted properties in the Greenwood area.

To be notified of upcoming Sunday Tours of Bargain Homes, call our free 24/7 recorded real estate hotline at 888-621-4999 x4.

You will find the Sunday Tour of Bargain Homes to be much more convenient, efficient and productive than a traditional Open House!


Courtesy of Home Land Investment Properties, Inc.

PRIVATE FUNDS WANTED

I am looking for up to $50,000 in funds, in which I am already earning 8% interest. $50,000 X 8% = $350/month.

I own a buildable .7acre parcel of land in W Bremerton, free and clear. The lot includes a 750 sf 3-car garage with its own electrical service, an easement driveway through the property, and access to City of Bremerton water. This lot is generating $350 per month in rent for the use of the three-car garage and RV carport. It is tax-appraised at $98,000. An investor who makes a private loan, up to $50,000 will earn 8% interest ($350/month on $50,000), and their funds will be secured in a first lien position on the lot. The Loan-to-Value of this lien is 51% (LTV).

The buyer of the adjacent waterfront house parcel wants to buy this lot in 1-3 years, so anyone investing with me would be cashed out within this time frame. If you or someone you know may be interested in investing $10,000 - $50,000 to earn an 8% return secured by this income property, please let me know.

For details on the property, please see MLS #83813 and the Postlets link below:


http://www.postlets.com/res/2425749

Two Bedroom Furnished Apt Avail Aug. 1 near downtown Seattle

Rent this furnished 2BR apartment in elegantly restored house-share with old world charm and details -- walking distance to Lake Washington, stores and restaurants in a quiet residential neighborhood just 2.5 miles from downtown Seattle.

Dramatic lighting and divided living spaces, funky but nice! This unit has good light, its own separate entrance from the house, a small kitchen, lots of storage, washer and dryer (shared with upper floor), with wall-to-wall carpeting in a large living area and the larger of two separate bedroom spaces. The smaller room has hardwood flooring. Cozy, functional kitchen with refrigerator, electric stove/oven, exhaust fan and microwave.

Private partially-fenced backyard with deck and awesome view of Mt Rainier, Cascades, Lake Washington and Bellevue skyline. Not a noisy apartment complex--this space also comes with one off-street parking space in a shared driveway. Free utilities include wireless internet, electric, garbage, sewer.and lawn maintenance. Easy access to I-90, highways, and bus lines.

All tenants must submit an application, with screening on background, credit, income and rental history. If this sounds like a good fit for you, please email to schedule a showing.

Lease Terms

First month and security deposit--NO LAST MONTH COLLECTED UPFRONT (unless income cannot be verified) Utilities included; $50 for each extra person. Utilities include garbage, water, sewer, electricity, wireless internet and yard maintenance. Cable TV and phone service is extra. $20pp application fee

Where to find Investment Properties

Brian Buffini claims that the #1 reason why real estate entrepreneurs fail is due to lack of leads. Where do you find the properties to buy as an investor?

While there are thousands of properties for sale at any given time in our region, they must be properties that an investor can buy and make a profit. That means they must be bought at a good price, or they must have opportunities for adding value. The search for the right types of property begins with a well-defined list of criteria, which is driven by the business model that you have selected for your business.

The vast majority of properties for sale in the Puget Sound area are listed properties on the NW Multiple Listing Service. Every multiple listing service is a cooperative effort among real estate brokers to share listings of available properties. These listings are marketed to real estate agents, other brokers, and posted on the internet, where buyers can access much of the listing information directly. Consequently, there is the most competition for these listing. Most of them have already been fixed up for sale, and are offered at full retail value.

But occasionally investors will find fixer properties, undervalued properties (you HAVE to know values! See previous article on this topic), and properties that can be expanded by adding rooms or taking advantage of zoning opportunities. The NWMLS has recently recognized the boom in REO and foreclosure properties, and is now requiring that listing information identify these properties as such. Some investors focus on expired listings, properties on the NWMLS that did not sell in the time period denoted by the seller, and there may be good opportunities here. Savvy investors can use the NWMLS to identify properties both with and without equity. There is a lot of information that a trained investor-friendly agent can find for an investor who does not have a real estate license. Ask!

FSBOs (For Sale by Owners) are another good source of properties. Owners are not always aware of market value, and may be frustrated by the responsibilities of trying to market properties on their own. Read the local newspapers to find FSBO ads. There are websites devoted to FSBOs, and one of the best ways to find them is just to drive around. Call on any For Sale by Owner signs you see in your target neighborhood.

Craigslist is another good source of properties for sale. Search both the For Sale and the For Rent listings, as often an unsuccessful seller turns into a reluctant landlord. Call on properties, and see whether the owner is willing to sell. Do a keyword search for listings that include such language as “must sell, fixers, forced sale, medical illness, divorce, estate, moving, relocation, TLC, etc.” Post an ad to find motivated sellers, and get them to call you.

Walk or drive the neighborhoods in which you are most interested. Write down addresses of any property that looks neglected, abandoned, or in disrepair; then look up the name of the owner in County records and contact them. Knock on doors and ask about properties that may be coming available in the neighborhood. Talk to people out on the street, like the proverbial post man, and ask for referrals. Word-of-mouth can be extremely powerful.

Get a list of target properties that meet your investing criteria from the title company, and send direct mail to owners.

Join a foreclosure group, and bid on properties at different foreclosure auctions. REDC (Real Estate Disposition Corporation) holds regular auctions in our area of lender foreclosed properties, in addition to county auctions on foreclosed properties. Check out the annual King County foreclosure auction on properties that are delinquent in paying property taxes.

Look at specialized websites for foreclosed and distressed homes available from government agencies like HUD or the VA. Talk to probate, divorce and bankruptcy attorneys. Make friends with people in senior centers and assisted living facilities.

And don’t forget about networking with fellow investors through your Real Estate Investment association! Wholesalers are looking for rehabbers, and vice versa. Most investors buy and sell property, and they should be thinking about you when they put together a list of sellers or buyers.

Inspect Before you List your Home!

11 Critical Home Inspection Traps to be
Aware of Weeks Before Listing Your
Home for Sale

Seattle - According to industry experts, there are
over 33 physical problems that will come under
scrutiny during a home inspection when your home
is for sale. A new report has been prepared which
identifies the eleven most common of these
problems, and what you should know about them
before you list your home for sale.

Whether you own an old home or a brand new
one, there are a number of things that can fall short
of requirements during a home inspection. If not
identified and dealt with, any of these 11 items could
cost you dearly in terms of repair. That's why it's
critical that you read this report before you list your
home. If you wait until the building inspector flags
these issues for you, you will almost certainly
experience costly delays in the close of your home
sale or, worse, turn prospective buyers away
altogether.

In most cases, you can make a reasonable
pre-inspection yourself if you know what you're
looking for, and knowing what you're looking for
can help you prevent little problems from growing
into costly and unmanageable ones.

To help homesellers deal with this issue before
their homes are listed, a free report entitled "11
Things You Need to Know to Pass Your Home
Inspection" has been compiled which explains the
issues involved.

To order a FREE Special Report, visit
HomeLandSeller.com or to hear a brief recorded
message about how to order your FREE copy of this
report, call toll-free 1-888-621-4999 and enter 1.
You can call any time, 24 hours a day, 7 days a
week. Get your free special report NOW to learn
how to ensure a home inspection doesn't cost you the
sale of your home.


This report is courtesy of Home Land Inspection Properties, Inc.. Not intended to solicit buyers or sellers currently under contract

Homesellers 7 Deadly Mistakes

7 Things You Must Know Before Putting
Your Home Up for Sale

Seattle - A new report has just been released which
reveals 7 costly mistakes that most homeowners
make when selling their home, and a 9 Step System
that can help you sell your home fast and for the
most amount of money.

This industry report shows clearly how the
traditional ways of selling homes have become
increasingly less and less effective in today's market.
The fact of the matter is that fully three quarters of
homesellers don't get what they want for their homes
and become disillusioned and - worse - financially
disadvantaged when they put their homes on the
market.

As this report uncovers, most homesellers make 7
deadly mistakes that cost them literally thousands of
dollars. The good news is that each and every one of
these mistakes is entirely preventable. In answer to
this issue, industry insiders have prepared a free
special report entitled "The 9 Step System to Get
Your Home Sold Fast and For Top Dollar".

To order a FREE Special Report, visit
HomeLandSeller.com. Get your free special report
NOW to find out how you can get the most money
for your home.

High End Product in Low End Houses

I had a great visit with my friend Ricardo to go meet a Tacoma real estate investor named Walter Johnson yesterday. Walter has been investing in Tacoma real estate since 1997. Lots of investors I know are having success in this market, and I wanted to learn more about what they are doing.

Walter is finding properties in good middle-class neighborhoods in Tacoma that he buys for $40-50K. Many of them are in foreclosure. He then "re-faces" or "re-surfaces" them.

I'd never heard of that. That's because no one I know does what Walter does. Walter has an artist on his team, along with architects, engineers, in-house real estate agents. This artist used to work in high end "Street of Dreams" types of homes and won many awards for his work, before the market tanked. His work includes a very high end product which is inexpensive to produce, but looks like a million bucks.

It is ground-up granite mixed with (secret ingredients) that can be applied to any surface. It can be poured into a mold and used as window and door trim or base moulding. It can be thinned and applied as wall texture. It can be applied as faux brick or stone blocks, or used to build fireplace mantels.

Walt spends maybe $15,000 per house "re-surfacing" interiors and exteriors, and then resells it or keeps it as a rental. His costs have gone way down since discovering this product. Being this much below other commercial and residential listings has kept his business profitable and thriving.

And Walter explained to me the reasons to be optimistic about Tacoma: 3rd largest port in the country, a big military presence, and lots of money being pumped into casinos and related development by the Puyallup Tribe. It doesn't hurt that housing prices are so much lower than those in its big neighbor of Seattle.

Interesting model, interesting work. Good job, Walter!

The Left Hand is Unaware of the Right Hand....

Well, by most any expert, folks, we are in a housing crisis. The bottom has fallen out of the market, foreclosures are skyrocketing, consumers can no longer qualify for loans, credit is tight, and the first-time homebuyer tax credit has expired. Loan modification programs have had mixed reviews. Unemployment is still high.

So what to do? What more can the government do to stimulate investment?

Well, I may not have the solution, but I am quite sure this is not the answer:
According to my investor colleagues, Fannie Mae just added a clause in their REO (bank-owned property) sales contracts that investors can't make more than 20% profit within 90 days of buying a property.

Hmmm? Let's limit the potential profit without taking away any of the risk, and see if we can reduce housing inventory this way? Doesn't make sense to me.

You know that house the bank foreclosed on down the street? The one with the lead paint, asbestos and overgrown yard? You know, the one that went to auction on the courthouse steps, and that no one bought there? Yeah, that's the one. Now the bank owns it, and they are trying to sell it. No one wanted it at the discount price they last offered -- and now Fannie Mae says to investors "wait, wait. you cannot make too much money on this!"

"We want you to buy it,of course. That stimulates the economy. We want you to fix it up, of course. That employs workers in construction, and improves the neighborhood. We want you to sell it, further stimulating the economy -- oh, but there is one catch: you can not make more than 20% profit!"

Huh??

And do we think this policy will help banks get rid of their REO inventory? How many more banks have to fail before Fannie Mae changes this hare-brained requirement???

Next Sunday Tour of Bargain Homes - Greenwood

View up to six Greenwood homes on Sunday, August 1st priced under $350,000!

Our Sunday Tour of Bargain Homes is Very Different from a Traditional Open House
Our Sunday Tour of Bargain Homes is a quick and easy way to preview several homes in a couple of hours without any pressure or hassle.

Our Sunday Tour of Bargain Homes is a great way to get an overview of what homes and features are available in your price range in your favorite Seattle neighborhoods. Each tour features a different Seattle neighborhood. Our next tour will be in Greenwood on August 1st.

Here is how it works: The tour runs from 2-4 pm on Sunday, August 1st, and you may meet us at any home on the tour. The tour begins at 2pm SHARP. Meet at the first house to pick up detailed maps, directions and information on the homes on the tour.

Tentative schedule of showings are as follows: TBA

Feel free to drive by the homes before the scheduled tour times, but once the tour starts, don’t be late for the one(s) you want to preview. There will be lots of other buyers on the tour, and show times are exact. If you are interested in one of the homes on the tour, we can arrange a private showing at another time.

The tour is led by Wendy Ceccherelli, Designated Broker for Home Land Investment Properties, Inc. She is an experienced real estate investor, and the tour provides valuable guidance for first time home buyers, real estate investors and other bargain house-hunters.

For a confirmed list of tour properties, maps, directions, and details, call our free 24/7 recorded real estate hotline at 888-621-4999 x4.

You will find the Sunday Tour of Bargain Homes to be much more convenient, efficient and productive than a traditional Open House!

Courtesy of Home Land Investment Properties, Inc.

Best Bargains in Ballard!

View up to six Ballard homes on Sunday, July 11 priced from $259,979 - $345,000!

Our Sunday Tour of Bargain Homes is Very Different from a Traditional Open House

Our Sunday Tour of Bargain Homes is a quick and easy way to preview several homes in a couple of hours without any pressure or hassle.

Our Sunday Tour of Bargain Homes is a great way to get an overview of what homes and features are available in your price range in your favorite Seattle neighborhoods. Each tour features a different Seattle neighborhood. Our next tour will be in Greenwood on August 1st.

Here is how it works: The tour runs from 2-4 pm on Sunday, July 11, and you can meet us at any home on the tour. The tour begins at 2pm SHARP at 10037 8th Avenue NW (between 8th Avenue NW and 100th St NW, behind the QFC). Meet here to pick up detailed maps, directions and information on the homes on the tour.

Tentative schedule of showings are as follows:

2-2:15 pm 10037 8th Ave NW $290,000
2:25-2:40 pm 8720 8th Ave NW $259,979
2:45- 3:00 pm 8519 10th Ave NW $345,000
3:10 – 3:25 pm 2108 NW 73rd St $260,000
3:30- 3:45 pm 7527 24th Ave NW $290,000
3:50- 4:00 pm 5109 8th Ave NW $329,950

Feel free to drive by the homes before the scheduled tour times, but once the tour starts, don’t be late for the one(s) you want to preview. There will be lots of other buyers on the tour, and show times are exact. If you are interested in one of the homes on the tour, we can arrange a private showing at another time.

The tour is led by Wendy Ceccherelli, Designated Broker for Home Land Investment Properties, Inc. She is an experienced real estate investor, and the tour provides valuable guidance for first time home buyers, real estate investors and other bargain house-hunters.

For a confirmed list of tour properties, maps, directions, and details, call our free 24/7 recorded real estate hotline at 888-621-4999 x4.

You will find the Sunday Tour of Bargain Homes to be much more convenient, efficient and productive than a traditional Open House!


Courtesy of Home Land Investment Properties, Inc.