Friday, February 19, 2010

Bits and Pieces

Just some various updates on what we have been up to for past few months. I have taken on some new partners and we are looking to expand our territory into Fairfield and Vacaville in addition to growing our ability to offer seller financing to people who want to own but do not qualify for financing.

We are in the middle of our first such deal - 5/3 3000 sq ft house (odd for neighborhood as was originally about 1400 sq ft and they LEGALLY added a two storey addition.

We are purchasing this house for $159k and then seller finaning it "as is" to a couple for $220k at 7.5% with $25k down.

This couple run a home for autistic children and were paying $2500 per month for a smaller place in Fairfield. Their new payment on this house will be $1400 or so plus taxes and insurance!!

Napa Rehab


Here are some interior pics of our 3/2 house in Napa midway through renovation - about another two weeks to go.

Biggest challenge with this house is the 150' high Redwood tree that the City of Napa says has to be removed due to encroaching on street and preventing sufficient access to garage - will definitely have pics to show when doing that work.

Progess Report Toledo Court Vallejo








Here are some progress pictures of our 3/2 in Vallejo. We are about 2 weeks into the project and expect to be finished and back on the market in another week or so.