Donald J. Leske II
Designated Senior Broker
Emily Leske / Lic. Agent
BCI PROPERTIES, LLC
P.O. Box 44065,
Tacoma WA 98448
11314 17th Ave. E.,
Tacoma WA 98445
Office: (253) 324-9699
Cell: (253)
241-6695
Accounting: (253) 444-7230
Fax: (253) 536-1236
We adhere to the Fair Housing Act
 HUD LAW
info link
Parent website:
www.HomesandProperties.com
Ben Leske / Loan Officer - Call: (253)
202-3355
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PROPERTY INVESTMENT INQUIRY -
Here is an email to a new client / investor on 12/26/2008 who had emailed a
request for my help to find a good deal.Hello,
Thank you for your interest in using my services to find investment
properties. I have personally helped many people to find good homes to
invest in. Some people come back to buy again later. My wife Emily and I
have bought four homes and a duplex in the past two years ourselves, because
like you we see that this is the best market to invest in. Its a true Buyers
Market.
Every body has their own idea it seems of what a good deal is. My idea is a
"good deal" is something around tax assessed value or under that will make
money, or at least break even, but not be in the red when rented. This is
not the time to sell. It is the best time to buy, rent the property out at a
profit and wait 5 years or so.... then sell if need be for a tidy profit. I
personally am keeping all of my homes and properties for the long term. I
recommend that all my friends do the same with a view to making great
profits later. I did sell one place we owned in Midland last year that we
purchased for $79,000 many years ago to a buyer who offered us $550,000.
That is an offer I could not refuse.
There are over 186 homes for sale on the MLS in the neighborhoods you are
interested in. I have Foreclosure and Short Sale info on my other site
http://www.realhomes.us ....which
includes a link directly to several
Bank and Lien Holder pages
where they have their REO Repossessed properties. It can take literally
hours and sometimes days to find one really exceptionally good deal. Then we
must fight with other agent and buyers over who gets it. You may want to
come in to our home office in Parkland and just talk about strategy for
finding a real bargain. Some of the best bargains are missed by buyers and
their agents because they cannot or will not see the value.
One example is that some buyers will not look at mobile homes on land and
some will. I would never advise anyone to buy a mobile home in a park, its a
waste of money and a bad investment. However there are some very good deals
on a few manufactured homes which are on land that come as a package. I have
one
3 bedroom at $112,000 in South Hill Puyallup that is a great deal, with
no way to loose in my opinion. Its not a Short Sale, its an REO Bank Owned
home. If I had not maxed out my own credit and buying power, I would buy it.
The owner is a Bank in California and they will even finance it with 10%
down.
If you currently have a lender, please ask what their requirements are for a
down payment on a non-owner occupied or investment home. Most lenders will
want 20% down. If you do not have a Bank or Lender working to help you yet,
please consider Ben Leske at City Bank
in Puyallup. He is my son and if he knows you are working with his dad he
will go the extra mile to help you.
As for stick built traditional homes, there are also a few good deals to
consider. Some are REO Bank owned properties, some are pre-foreclosure and
some are Short Sale offerings.... the short sale properties are the hardest
to negotiate and can take 4-6 months to work out, during which time the
lenders will look at all competing offers that come in. I have four short
sale deals in the works right now, two are in Escrow. One of these went into
Escrow last April. - It has gotten so bad trying to deal with these Lien
Holders who own the paper on these homes that I have actually hired an
Attorney to do all of my Negotiations for me, which is working better. I
think a letter from an Attorney simply holds more weight. - PLEASE BE AWARE;
many real estate agents and sellers are pricing these short sale homes way
below the actual sale price that any Lien Holder will take... in an effort
to get bids in and the negotiation process started. Their reasoning is that
perhaps the buyer will see several offers come in and one of these several
offers will be willing to raise their offer "to beat" other offers. One
example is a Puyallup manufactured home on land for
sale at $80,000 this is a Short Sale. This one "seems" like a good deal,
but it will take months to sell in my opinion and will only sell if well
above $100,000. On the MLS database there is a place for Brokers Only and I
must use a password to get in. On that hidden secret page is comments
from the sellers agent to all buyers agents, which contains information that
is not shared with the public. You didn't know that, but its ok because I am
here to disclose everything you need to know to you.
I am not just looking at manufactured homes. There are of course many other
good deals. The
MLS Search Engine is on my site, or I can send you some select deals
that I like if you prefer. I hope I have not rambled on too much. There is
so much more to show and tell.
Kind regards,
Don
Donald J. Leske II
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Designated Broker
BCI PROPERTIES, LLC
Real Estate Brokerage - Sales & Rentals
Mailing Address: P.O. Box 44065, Tacoma WA 98448
Office Location: 11314 17th Ave. E., Tacoma WA 98445
Office Ph: 253.324.9699
Direct Phone to Don: 253.241.6695
Fax: 253.536.1236
www.Homesandproperties.com
- Sales
www.BCIrent.com - Rentals & Management
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