Blah, blah, blah

head_left_image

High end buyer here

I have been buying short sales for a few months now. 6 going on 7 to be kind of exact. Business has been brisk to say the least. In my opinion short sales in the US are still an expanding market. Maybe not everyone has heard about the Stimulus Package yet. But I digress.

As an investor (new to the field of investing but learning quickly), I have been working on a new tack- a little sailing terminology there even though I am more of a powerboat guy. While I am still looking to buy preforeclosure shorts and then resell them, all the while attempting to make a net of $10K per unit, I am now adding to my system. Starting as of yesterday, I am looking for high end luxury homes with a wholesale price tag of up to $1M. I will buy them as shorts and then resell them at a profit. On these I need to make over $50K per deal- more money at risk and all.

As an agent this means great commissions for you. Represent me as a buyer and then sell the thing for me. Do the math and get back to me. Hopefully it adds up nicely for you.

If you have high end shorts, please email me ASAP.

Kevin Robinson

crownlinehomebuilders@yahoo.com

Comment balloon 3 commentsKevin Robinson • April 29 2009 05:14PM

Comments

Hi Kevin -

what's your target geographical area?  What tolerance do you have to fix these homes up?  Have you built in your carrying cost and sellers commissions into your model?

Posted by Martin Kalisker, Professional Standards & Legal Assistant (Greater Boston Association of REALTORS) over 9 years ago

Weichert- Hi and thanks for the reply. Just like in my median price system, I am looking anywhere in the US. I do not fix homes up anymore. Those days are over for me. I buy and resell. I will however throw some dollars back to the buyer at closing. My minimum net is $50K per deal.

Please email me what you have. so far today I have made 2 offers using my new plan. Ready for more.

Posted by Kevin Robinson, Fractional Developer over 9 years ago

Hey Kevin,

You have a similar mind set to many of my buyers here in the phoenix market, however, your venture towards "luxury" homes, is a little unique.  If you're interested in the Phoenix market, let me know, I'll start looking for deals for you.

Posted by Katiejo Franks (Real Estate and Beyond, LLC) over 9 years ago

Participate