SD CRE Blog

These days everyone is looking for a good cheap deal when they buy a home. Investors are definitely taking advantage of the foreclosure market and buying fixer upper homes. Many first time home buyers are also buying fixer upper properties and putting in their own “sweat equity.” They are hoping to cause the value of the home to be higher than the value of the money they put in with cash and/or borrowing power. Many things can be hidden from view when you buy a fixer upper. Fixing these items may cost more than you bargained for. Your best strategy to buy a fixer upper home is to consult with experienced investors and rehabbers like us at EnergyWise Properties. If you buy a fixer upper from an experienced wholesaler, often you can find out what needs to be fixed before you buy. Wholesalers find the best fixer upper properties for the rehabber/buyer to make money. At EnergyWise Properties we have detailed investor education, training and coaching to make your next fixer upper investment profitable.  Contact our office for info on our investor training or go to our web site to buy a fixer from us.   EnergyWiseHomeSellers.com

Wise Wealth University DEAL FORUM Webinar Monday Feb 8 at 5 PM
Please join me on Monday and listen to my guest speaker Rhett Halsey spill the beans on HOW TO Drive sellers to you and Build your own list of buyers

Rhett is an expert at online marketing and web site optimization. He is a guest speaker at LA Area REIA clubs and community colleges on this topic. Rhett will be doing a full day training later in Feb, so join us Monday and learn how to optimize your online marketing, use keywords and video.

Real Estate Profits through Internet Marketing and Virtual Assistants

Join the event by clicking on the blue widget below. You will get the log in info and call in number for the audio portion of the webinar.

On our last foreclosed homes investing tour, we learned a ton about how to buy and rehab REO houses.  We had 2 contractors on the tour.  Their insights and cost analysis were invaluable to everyone on the REO tour.  I want to share with you some video footage of garages converted to bedrooms or recreation rooms.  Sometimes this is obvious and in other cases it is hard to see unless you have looked at many other homes.
To sign up for a tour email us at info@energywiseproperties.com
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Tonight I interviewed Fred Eckert, Chicago Title, on title and escrow issues facing real estate investors. Here is a sample video. If you would like more investing advice, email our office to set up some coaching. students@energywiseproperties.com
For more videos by Fred go to his web site at http://www.fredeckertgroup.com

This older home was an REO and sits on a corner in an older area of town near apartment buildings. As we take our students through it on an REO/Foreclosure tour everyone is holding their noses. The smell of cat urine is bad! It was on the REDC auction. The bank rejected the bidders final price ~$90,000 from the auction and either re-auctioned it or put it back on the market. So if the auction is not absolute, you may not get the house even if you are the highest bidder.
If you are looking for a house to rehab you will get a bigger discount by making offers on houses that are too bad, ugly, or smelly for the average person. That eliminates most other competitors from making offers.