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New lower reserve prices on FHA Foreclosures!
Good Morning & happy Wednesday investors! Just got an update from Hubzu: "The FHA recently updated its methodology, lowering reserve bid amounts across the country for CWCOT foreclosure and post-foreclosure sales. That means more competitive reserve prices on Hubzu’s available CWCOT inventory—giving you the opportunity to secure your next home or investment property at a lower reserve." See more properties here: https://click.email.hubzu.com/?qs=13a13e75d9f5fae0b9cbeeb24bd6477a8e944cd1548605ca1198e6933d79daab997a429f4246490d014a205aafaa31ce2e1e655890be0f51497a4dddad4ceb63
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New lower reserve prices on FHA Foreclosures!
Welcome to the Deal Hub
This discussion forum will be used to share deals between members, high profit opportunities I find & want to share with you, & deal breakdowns. Comment what market (City, State) you'd like to see some deals in👇🏼 Let's get investing!
🚨Multifamily Deals in Chicago, IL
A market that has surprised me recently is Chicago... We found multifamily properties going up for auction on Hubzu.com and some of them we're under $100k😳 The apartments in the area are renting for > $2k . Meaning we would most likely break the 1% rule - & be able to cashflow pretty heavily. Not to mention, some of these were NOT cash only, meaning you could probably get a fix and flip loan to acquire, fund the renovation, and refinance once it's all finished into a DSCR Loan (otherwise known as the BRRRR strategy) What do you guys think of these deals? https://www.hubzu.com/property/90016945606-8239-S-COMMERCIAL-AVE-Chicago-IL-60617 https://www.hubzu.com/property/90017301347-2535-W-WARREN-BLVD-Chicago-IL-60612 https://www.hubzu.com/property/91616777745-7155-S-SANGAMON-STREET-Chicago-IL-60621 *disclaimer: I am not familiar with this market/ area in Chicago in terms of safety and/or the surrounding neighborhood. You can check this by visiting the property which I highly recommend, or looking on google maps around to see what the area looks like.
🚨Multifamily Deals in Chicago, IL
✅ Deal Breakdown in Tacoma, WA
Property Snapshot: - Address: 6014 S D St, Tacoma, WA 98408 - Specs: 3 Beds, 2 Baths, ~1,414 sq ft, built in 1965 - Recent Valuation Insight: A property report estimates resale value as high as $470,000 — assuming top condition - ** Financial Breakdown:** Max Bid $280,000 Rehab Budget $20,000 Closing Costs $36,000 Holding Costs $9,000 ** Total Project Cost** $345,000 After Repair Value (ARV) $450,000 Projected Profit $105,000 Estimated ROI≈ 30% Calculations: - Total Investment = $280K + $20K + $36K + $9K = $345K - Profit = ARV ($450K) – Total Cost ($345K) = $105K - ROI ≈ $105K ÷ $345K ≈ 30% Why This One Stands Out - Strong ARV Spread: The aggressive ARV of $450K gives a healthy upside over total costs. - Modest Rehab: At just $20K, rehab scope seems limited—great for faster completion and lower uncertainty. - Auction Flexibility: Buying under market value at auction offers room to bid smart and control margin. - Recent Comparable Value: With resale estimates up to $507K, the $450K ARV sits conservatively—buffer built in. Fellow investors: With a ~30% ROI on this deal, what would your max bid ceiling be if you're aiming for a >= 25% ROI instead?
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✅ Deal Breakdown in Tacoma, WA
🚨Deal Breakdown in Davenport, FL
Just came across a deal going to auction that has huge ROI potential — one of those opportunities that gets your investor brain firing. 📍 Property Details - 5 Bedrooms / 3 Bathrooms - Nearly move-in ready — minimal renovations required - Located in a solid area with strong resale potential 📊 The Numbers - Projected Auction Purchase Price: $250,000 - Rehab Budget: $35,000 (mostly cosmetic updates & touch-ups) - Closing Costs: $40,000 (auction fees, title, insurance, etc.) - Holding Costs: $10,000 (utilities, taxes, short-term financing) - Total Project Cost: $335,000 💰 After Repair Value (ARV): $500,000📈 Projected Profit: $165,000💵 ROI Potential: ~50% Why I like this deal: - Minimal renovation = faster turnaround = less risk of market shifts eating into profit. - High spread between total cost and ARV gives plenty of cushion. - Auction format means there’s a chance to snag it below market if competition is low that day. If you were bidding on this, what’s the highest auction price you’d be comfortable going to while still keeping a healthy margin? https://www.auction.com/details/151-prestwick-dr-davenport-fl-1820928
🚨Deal Breakdown in Davenport, FL
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