Aaron the House Buyer Wholesaling & Beyond 10 Profitable
Deals Utilizing Wholesaling, Subject-To, Seller Financing &
Cash Wholesaler from Riverside, CA www.AarontheHouseBuyer.com
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541 N Hargrave, Banning
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Seller ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories
Parking HOA Pool Occupied Rent Year Purchased Paid Old Lady $80K 2
1 700 8,276 1948 1 2 car detached No Vacant Was getting $550
(Market $800) 1973 $5,000
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Details of the Deal Owner got letter, had daughter call She
told me it had a new roof 2 years ago. Offered her $52,500 Net, I
pay transfer costs She countered at $54,000 She said God told her
shed get $54,000 Countered at $54,000 and she pays up to $1,000 of
her own escrow
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Rehab Trash /out. removed from yard: Chicken coop & metal
shed Gut room inside garage and remove old paint/tires Materials/
labor 150/225 House Toilet paper holder/towel bars Materials/ labor
10/20 8 Window blinds Materials/ labor 80/100
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Rehab (cont) New locks and deadbolts on all doors. I think
there are 6 sets total. Materials/ labor 100/65 Install closet
second bedroom, door shelves include dry wall Materials/ labor
115/175 3 window locks, 3 light plate covers Materials/ labor 25/25
Remove side shed off garage 225/350 Total Materials: $695 Labor:
$960 = $1,555.00
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32390 Marie Dr, Lake Elsinore
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Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories
Parking HOA Pool Occupied Rent Year Purchased Paid Lawyer $130K-ish
1 1 (1 & ) 911 3,485 1930 1 Space on Front Yard $75/year (Beach
Use) Lake use No ?? Parents Bought in 1982 Daughter Inherited
2006
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Details of the Deal Found me Online Wifes Parents Weekend Home
Asking $100,000 In House Buyer Suggested We Offer $85,000 Total
Dump 1 Bedroom 2 Bath?? (His & Hers?) Offered $75,000
Wholesaled it for $10,000 Buyer turned it into 2/2 & Sold in 26
Days for $160,000
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290 N Wateka, San Jacinto
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Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories
Parking HOA Pool Occupied Rent Year Purchased Paid 72 YO Man $140K
4 2 1,462 20,038 1929 1 1 car garage detached No Old, about to be
homeless woman Not paying rent 1989 - Parents $106,000
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Details of the Deal Seller & 2 Brothers Inherited Trustee
is Tired of Dealing With It He Said $40K in Rehab Offered him $60K
(3 Bros = $20K Each) He Accepted Then Didnt Hear From Him Closed 2
Months Later Wholesaled it for $15,000 In SDIRA
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Investor Sold for $170K 5 DOM
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2740 N H St, San Bernardino
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Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories
Parking HOA Pool Occupied Rent Year Purchased Paid Doctor $195K 3-4
2 10,000 1,742 1941 1 2 Car Detached No Grandson None 1989
$91,500
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Details of the Deal Listed 120 Days in 2001 for $115K Tired of
Dealing with Loser Grandson Seller Said $40K in Rehab Said if He
Listed it, He Could Get $170K Wants to Sell it As-Is for Something
Over $100K Offered Him $101K Closed at $102,500 Wholesaled it for
$23,500
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My Easement An exclusive Easement for the property described as
follows; extending 81 along the south property line heading in a
westerly direction from H St ending at the metal pole and extending
8 from the south property line in a northerly direction for ingress
egress on over and through said land. Said Easement is exclusive to
(neighbor's full name) and will terminate when (neighbor's full
name) no longer has an interest in the land described as follows
(neighbor's full address).
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Investor Sold for $215K 42 DOM
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13117 Lancaster Lane, Moreno Valley
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Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories
Parking HOA Pool Occupied Rent Year Purchased Paid Retired Guy
$195K 2 1 900 10,454 1959 1 1 Car Garage No Vacant None 1978
$31,000
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Details of the Deal Seller Called off a Letter Took Nephew to
the House Offered Seller $85K Got the Seller to Sign an Agreement
He Took it to an Agent Who Called Me Lis Pendis Wholesaled it for
$5,000 Investor Kept as Rental
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428 W Francis St, Ontario
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Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories
Parking HOA Pool Occupied Rent Year Purchased Paid
??????????????????????????????
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Details of the Deal Another Wholesaler Called Me I Called One
of My Buyers Under Contract at $210K My Buyer in at $225K Told
Wholesaler to Negotiate $5K Discount Closed at $205K Split $20K
Wholesale Fee 3 Phone Calls, 1 Email Wholesaler Now Working For
Me
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300 E Big Springs, Riverside
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Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories
Parking HOA Pool Occupied Rent Year Purchased Paid Woman $295K 3 2
1,344 9,583 1976 1 2 Car Garage No Dave 34 Year Tenant $550/month
Market $1795 1979 $50,500
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What Did I Buy!?!?
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Details of the Deal Disney Deal Didnt Actually Know it is A
Mobile (433) Original Offer Was Going to Be $190K!!! Asked What She
Wanted - $80K Another Investor Offered Her $83K Upped to $90K with
$100 Earnest Money Private Lender Lent $125K Sold to Dave for $160K
Net to Me
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Canyon Hills, Lake Elsinore
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Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories
Parking HOA Pool Occupied Rent Year Purchased Paid Young Woman
$215,000 3 2.5 1,633 N/A 2007 2 2 Car Garage $225 Community Owner
$1,595 2013 $139,000 Cash
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Details of the Deal Little Ms. Piggy Just Wanted Cash to Move
Asking $140,000 Offered $120,000 w/ $1,000/month Lease Back for One
Month Private Lender Funded $100,00 @12% Into it For Around $30K
Cash Return Sucks, But Captured $75K Equity
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Sale w/ Hold Over Seller Clause Seller to receive $115,000 at
close of escrow (minus negotiated rent credit). Seller authorizes
and instructs escrow to withhold $5,000 until seller vacates
property no later than June 15, 2014 and hands keys to buyer. If
seller fails to vacate property by 5PM on 15 June 2014, Seller
agrees to pay Buyer an extension fee of $1,500 plus rent in the
amount of $50 per day beginning June 16, 2014 and continuing
through the date the property is vacated. Escrow holder is
authorized and instructed to debit Sellers hold funds and credit
Buyers account accordingly for the extension fee and pro-rated
rent, in that event.
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Genevieve, San Bernardino
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Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories
Parking HOA Pool Occupied Rent Year Purchased Paid Old Woman $160K
2 1 1,004 6,250 1937 1 Carport No Owner $1,100 Jan 2001
$97,000
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Details of the Deal Gave Up and Wanted to Move to Alaska Found
By Another Wholesaler Driving for $$ Paid Him $5K and Her $5K Took
Property Subject To Her Loans $59,938, $730/month, ($453 P / $315
I), 6.275% 20 Year Loan 11 Years Old $49,000 HELOC, $135/month,
3.25% I/O Worst Cat Pee House Ive Ever Purchased
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Anti-Icky-Poo
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What Did I Buy!?!?
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Fireplace Oven to Living Room
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Ice Chest to Kitchenette
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N Weston, Hemet
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Seller: ARV Beds Baths Sq/Ft Lot Sq/Ft Year Built Stories
Parking HOA Pool Occupied Rent Year Purchased Paid Music Exec.
$160K 2 / 1 1 / 1 1,130 Front, 438 Back 6,534 1958 1 2 car Garage
Attached to Back House No Front Vacant $400 Back, $795 Front 1998
Dad Bought for $40K, Still Alive, but Gave to Son
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Details of the Deal Asking: $158,500, $25K Down, 6%,
$1,000/month, Due in 10 Years Listed with Friend Claimed to Have
Offer Just Under $150K My Offer: $150K, 10% Down, $675/Month Due in
10 Years, 6% I/O Seller Pays First $1,500 of Own Escrow Fees Had to
Sign Rehab Agreement Rented Front House for $795, Back at $400 What
is the Future Potential Profit in This Deal?
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Note Clause Maker has first right to match any bona fide offer
to purchase this Note at a discount before its maturity. The Maker
of this note reserves the First Right of Refusal should Note Holder
ever decide to sell all or any part of this Note before its
maturity. Note Holder must get a written quote from a licensed Note
Broker as proof of a bona fide offer to purchase this note as a
comparable price. Maker has 60 days to make a decision whether to
buy the note. Maker additionally has 60 days from his/her decision
to buy the Note to raise the funds required to buy the Note.
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Note Clause This note cannot be declared in default without a
fifteen (15) day notice of intent to do so. Any reason for default
must be declared and may be corrected during said notice
period.
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Note Clause The property located at shall serve as sole
security for this note.
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What did we learn today? All types of people sell to
wholesalers Retail to Investor Wholesale to Rehabber Wholesale to
Landlord Whole-tail to Tenant Hold as Rental Seller Financed Rental
Note Clause Subject To Rental Long-Term Good Financing for
Keepers
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Seller Lease Back Clause Assignment Fee Agreement Have more
than one way for sellers to contact us. Landlords pay more than
flippers, but less than owner occupant buyers, but sometimes more
Be flexible in your deals. Sometimes a house is just a pay check in
disguise. Until a Seller tells you to go to hell or threatens to
call the police on you, theres still a potential deal on the table.
Dont give up!
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How Do They Stack Up? $146,500 in Net Profits + $10K to
wholesaler 3 rentals 2 are 2-on-a-lot ($30K Equity) One is Almost
Brand New w/ $75K Captured Equity Total of $251,500 in Cash &
Equity Great Seller Financing All these properties are within a
short drive Very liquid Most Importantly