BUYING PROPERTIES AT 40% FMV OR LESS

I would be happy to show all of you some examples of properties that I purchased at 40% or less. I just want to make it clear I am not looking for business. This post is in response to Jeff who asked for examples. And to Omega1 who consistenly call me a liar and a board hustler.

You can verify the examples at the Allegheny county website in the real estate dept. Of course I don't have the properties in my name but you will see the following initials as the owner or previous owner:
L A W
Laurie Ann Waltz
Andros-LAW

2004
01/28/2004
6542 Odessa
Pgh, Pa 15206
Bought for $11,300.00 subject to appraisal $60,000.00. House almost completely, total expenses into house $4895.00. Selling for $60,000.00 and paying all closing cost for buyer. Net profit between $28,000.00 and $32,000.00. New buyer closing 03/26/2004.

2003
10/08/2003
3064,3066,3068 Chartiers
Pgh,Pa 15204
Bought off of Well Fargo for $10,600.00
The person that was foreclosed on by Wells Fargo Took out a loan for $46,900.00 in 1999 with them.
That speaks for itself. This is a 3 unit brick building. There are 2 rental units and I am in the process of putting my mortgage company in the other unit.

01/10/2003 and 01/17/2003 I bought two SFR's, I sold one and my account has all the info so it is sketchey so these figures my not be 100% accurate
Rodgers street
Pgh Pa 15207
I bought this in 01/2003 for around $36k It was sold for $69k. Beautiful part ofthe city but someonegot murdered in the house. Nothing need to be done except blood removal. So it was painted, carpeted, minor things, ect

01/7/2003
3103 Ashlyn
Pgh, Pa 15204.
This is my favorite property I own, One owner, Since it was built. An older woman died and owed the bank money. Must have been from home impovements
Everything is original in home, Hard wood floors, doors, staircase, ect.

I got it for $15,800.00
The appraisal $78,000.00, I have a mortgage on this for $62,400.00 at 4.375%. I rent this house out. The funniest thing about this is that I got the loan from Wells Fargo and bought the other house from them with some of the money. Both houses are within walking distance of each other.

2002
10/01/2002
5626 Wellsley
Pgh, Pa 15206

Paid $27,500.00
Sold it for $82,500
Actually got a $1,000.00 back after the closing from HUD.
This house needed about $12,000.00 in work. This was a partnership venture. I netted $23k on this deal. Plus got the guy his mortgage for $75,000.00 and made 5% plus $400.00 processing.
That wasn't a bad deal

Here is just a run of other ones you can look on the site at:

2001
100-102 Cherryhill
Pgh Pa 15210
Paid $11,500
Worth $105,000.00 in 2002 I own free and clear

1517 Celtic
Pgh, Pa 15210
Paid $23,500
Worth $52,000.00
Mortgage $41,600.00

This the best one
2001
02/02/2001
Paid $10,200
Worth $95,000.00
I own free and clear.

Those are just the ones that I personally owned or own. I wholesale at least 15-20 properties a month that never go into my name.

Please feel free to drive by any of the properties. I take great pride in everything I do. Some of the pictures may be outdated on the allegheny county website, so if you would like to see a picture I would be happy to e-mail you one.

I AM NOT INTERESTED IN SELLING ANY OF THESE PROPERTIES SO DO NOT OFFER.

Lori


[addsig]