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Thursday, April 15th, 2010 at 9:37 PM

Mid-Range REOs

You’ve seen every house on the market, you think the new listings are pathetic, and you keep wondering about those bank deals on the court house steps.

Eventually JtR’s going to have some video showing that it can be done.

If I’m willing to risk it, what will roughly $700,000 get me?

Posted on Thursday, April 15th, 2010 at 9:37 PM in Buying at Trustee Sale, F-List, Jim TV, North County Coastal, REOs, Thinking of Buying? | 22 Comments » | Print Print You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Reader Comments: 22 Responses

  1. What will $290k get me?

    HopefulBuyer | April 15th, 2010 at 9:48 pm

  2. Upstairs…

    Jim the Realtor | April 15th, 2010 at 9:54 pm

  3. That’ll get you a really nice replacement car!

    tj & the bear | April 15th, 2010 at 10:07 pm

  4. E63?

    So to buy at a trustee sale you have to have cashiers checks? It would be a bummer to liquidate a bunch of investments and then not get outbid or have the auction get cancelled.

    DNR | April 15th, 2010 at 11:41 pm

  5. Mac daddy? You better be getting one of these:

    http://www.maybachusa.com/landaulet/maybach-landaulet.php

    lgs | April 15th, 2010 at 11:49 pm

  6. So a blown fuse was the final straw?

    Lambo?

    Genius | April 16th, 2010 at 12:17 am

  7. Mac daddy? You better be getting one of these:

    http://www.maybachusa.com/landaulet/maybach-landaulet.php

    lgs | April 15th, 2010 at 11:49 pm

    LOL! Maybe then Jim can have someone drive him around so people can stop worrying about him driving, filming, flipping through paperwork, and talking at the same time. ;)

    CA renter | April 16th, 2010 at 1:16 am

  8. Considering how often Jim records everything while driving, how about the Google Car? :)

    http://en.wikipedia.org/wiki/File:Google_Street_View_car_Switzerland.jpg

    François Caron | April 16th, 2010 at 5:43 am

  9. DNR – Trustee’s Sales are not supposed to be easy…that’s why deals are possible.

    If they we’re giving money away everyone would be doing it. Wait, they are giving money away and everyone is doing it. Off to get my free cheese before it goes away in 10 years.

    clearfund | April 16th, 2010 at 8:08 am

  10. Any thoughts/knowledge/ideas on the banks’ criteria as to when to price a property to sell at the trustee sale verses when to price it so they know that they’re going to get it back and sell it themselves? At first blush one wonders why the banks just don’t sell them all themselves on the open market. They’ll always get more that way, even after paying the realtor’s fees, than they’ll get at the steps.

    Waiting to feel the magic | April 16th, 2010 at 8:57 am

  11. Hey Jim, The car that’s enroute, did you end up getting the gull-wing?

    Al | April 16th, 2010 at 9:40 am

  12. HopefulBuyer-$209k will get you anything from a dumpy studio condo to a three year old five bedroom house with 3,500 sq ft.

    It just depends on where you are looking. When you buy a house, you aren’t actually buying a house. You are buying a bit of land in a certain location on the planet that happens to have a house on it. Where that location is matters much more than the size of the actual structure.

    Geotpf | April 16th, 2010 at 10:05 am

  13. I hope it’s this:
    http://www.autoblog.com/2010/03/29/officially-official-2011-cadillac-cts-v-sport-wagon-unleashed/
    Plenty of room in the back for signs and realtor stuff!

    DNR | April 16th, 2010 at 11:46 am

  14. WOW – 556 horses!!!

    Jim the Realtor | April 16th, 2010 at 11:49 am

  15. I’m thinking a Prius….

    JimG | April 16th, 2010 at 2:00 pm

  16. HopefulBuyer, that was the range I was looking in last year. In Carlsbad you can get an older 2bdrm condo in the La Costa area and that’s about it. If you want detached you’ll need to look in Oceanside, Vista, San Marcos, Escondido. There you can get a decent 3bdrm foreclosure if you are patient and lucky.

    I think Jim’s getting a 5 series bimmer maybe?

    osidebuyer | April 16th, 2010 at 2:13 pm

  17. People are getting closer….there was definitely a clue in the video.

    Jim the Realtor | April 16th, 2010 at 2:35 pm

  18. Ice cream truck?

    alles_klar | April 16th, 2010 at 3:11 pm

  19. Re: What will $290k get me?

    What will $290k get me _in Oceanside (maybe near San Luis Rey)_?

    HopefulBuyer | April 16th, 2010 at 4:45 pm

  20. Was Track 7 on the radio the hint? Are you getting one of these?
    http://www.thetorquereport.com/2009/07/2010_bmw_7_series_to_offer_xdr.html

    Nice!

    MarkB | April 16th, 2010 at 7:43 pm

  21. Track 7 = 7 series BMW

    Bill | April 16th, 2010 at 7:48 pm

  22. Haha! I was wondering why JtR kept that video clip with the “Hello there!” and the pan to the radio.

    Jeeman | April 19th, 2010 at 10:26 am

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