Seller Deed Restriction – Fannie Mae

Seller Deed Restriction – Fannie Mae
House #45 was one of the deals we closed in April.  Fannie Mae was the owner and this is the first time I’ve ever seen a deed restriction for a resale on a property. Right in the contract in reads: “Grantee herein shall be prohibited from conveying captioned property...
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House #39 – Video Update

House #39 – Video Update
House #39 is coming along quite well.  We have blueprints at the City awaiting approval and inspections, so we are not going to be able to complete any additional work if we don’t get approval soon. Southern California Edison approved us for temporary power earlier this week.  ...
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House #39 – Fire Damaged House

House #39 – Fire Damaged House
We closed escrow on this house about 3 weeks ago now.  It is another fire damaged house with substantial damage. It was built in 2004 and is over 3,000 sq feet.  The house is in a gated community and is perfect for someone who commutes to work Los Angeles. Our repair budget is just...
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April 2010 Review (been swamped)

April 2010 Review (been swamped)
Believe it or not, I am still alive, but my free time to blog lately has been greatly suffering. We are still buying properties and April was a really good month. 1. We sold one house in April.  It was a wholesale deal.  House #41. 2. We bought 7 houses in April.  House #38-House...
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