I thought you might like to know about an auction opportunity at discount prices in the Marina for brand new construction. Perhaps you’ve heard about it – Element. I see opportunity written all over it.

There are 41 units being auctioned off, at up to 66% discounts. I grew up in the auction business, so I understand how the process works. I also know approximately how much over the asking price these units typically go for, and at the price per square foot, for new construction and this close to the beach, I guarantee there will be hundreds of people at this auction.

If you want to go and take a look, I will gladly accompany you and give you some inside info on what this market is doing – and never at any cost to you.

I believe this could be an excellent opportunity. I trust this finds you well and look forward to working with you on this. If you know of someone interested, please give me their number so I can bring them into the opportunity.

Call soon – time is on our side – for now.

DB

http://la.curbed.com/archives/2009/11/element_auction_will_include_other_peoples_kitchens.php#more

http://auctionelement.com/

I have a 1 bedroom 1 bath condo pocket listing in Santa Monica 90404 that is FHA approved with inside laundry, bamboo flooring, granite countertops, stainless steel appliances, and clean lines everywhere.  $385,000 asking price.  Please contact me if you or someone you know is interested.  With FHA, you can purchase with as little as $13,475 down, plus closing costs.  This unit can be easily rented out as well if you are interested in a cash flow property.

Your most discerning friends will be impressed with how great this unit is.  Will not be publicly shown.  By appointment only.

Contact me if you are interested in learning more.

Looking for a real estate deal? It's here

If you are looking for a deal, this is the place.  Here’s three prOpportunities that might be of interest to you if you are in the market for a steal on Los Angeles real estate.  We’re always looking for stuff like this.  Does that interest you?  Thinking about taking advantage of the marketplace right now with historically low interest rates and a market that looks like its bottomed?  Contact us today to find out more.

Here’s today’s updated board.  See something you like?  Have a question when it comes to homes for sale in Santa Monica, or condos for sale?  WestsideDB is here for your needs.

This condo on Brockton is a smoking deal.  For 200K, you can move right into West LA, a stone’s throw from Santa Monica and the beach.

We have an active real estate office. Almost 200 agents, working and thriving, making people happy because they just bought or sold an amazing property. Here’s the latest great deals off of the PrOpportunity board. Let us know if you want to go and see them.

I attended the REDC auction for Los Angeles to see firsthand how many of these bank owned, foreclosure properties are being dispersed of.  I grew up as a son of an auctioneer – I started at the age of ten holding things up for the crowd to bid on and in later years, managing the auction itself.  But I’ve never bought a house at auction!  And it is super simple!

Here’s how it works:  You get the list of available houses, condos and income property at auction.com.

You attend one of the open houses the weekends before the auction.  You can even bring along your real estate agent who can give you data as to the value of the home and assist in representing your interests.

Next, you bring a cashiers check for 5 grand and a checkbook.  You wait in the crowd that looks like this:

You wait until the unit comes up to the auction block and bid up to your limit.  Once you are the successful bidder, you head over to a table full of lenders to choose from.  Pick your loan product, finish some paperwork, give them a check for the balance of the deposit, and in 30 or 45 days, you own a new home!

It really is that simple and I’m going to the next one to look for investment opportunities.  If you are interested in going, please let me know and we can carpool.  As always, WestsideDB is working hard so you don’t have to.

I love this board at our office.  Anytime you want a deal on a great real estate opportunity, you are welcome to come on by the office, or just visit my real estate blog because I’m always updating it with deals on santa monica and westside homes and condos for sale.  And yes, even apartment buildings.  For under 2 million, you can get into a newer built 16 unit building with a 7% cap rate.

And if you want someone to property manage it for you, we’ve got folks who do that as well.  If you are interested in accumulating wealth through passive means in real estate, drop us a line.  We’re happy to help.