Hello, welcome to my blog. I’m rusty at this, but stick with me because I am working with a group of investors who will be flipping properties in Riverside county and this should be fun to see how it is done. Did my clients make a profit or did they take a bath? This is real time blogging and I would appreciate any comments/suggestions/horror stories/happy endings who ever wants to share.
We just closed escrow on this house in Moreno Valley on Marte Circle. This was a short sale and the approval process went rather quickly, which is very unusual for a short sale. The listing agent was an ace negotiator, sharp and maintained a strong line of communication during the “approval” process. The house was vandalized when an appraiser accidentally left a back door open. Thankfully the vandalism wasn’t brutal, mostly a thrashing about with wide paint brushes and white paint. The house has 4 bedrooms and 3 baths and a pool which helps with the resale in Moreno Valley. It’s a large house, with 2,227 square feet of living space on a lot size of 7,405, all for the price of $136,000. In August 2006 this same house sold for $335,200.
The house is located in a cul-de-sac in very nice neighborhood of Moreno Valley, close to schools, shopping and the 60 freeway.
