Sweet duo

So lets take a peek at a life of an ordinary real estate investor from California who "coincidently" closely follows the career of our "favorite" Sales Manager and Associate Vice President at Fannie Mae Lea France. Here are just a few random transactions from the county sales records.  Here, boys and girls, you can see how the big guys are doing it.

69xx W McLellan Rd, Glendale AZ 85303
Sold by Fannie Mae to Orchard Terrace Estates LLC on 2/17/2011 for $55,650, flipped a few months later on 7/14/2011 for $84,000. 51% profit in short five months. Not bad for a property investment in a falling market.

36xx W Sierra St Phoenix, AZ 85029
Sold by Fannie Mae to Orchard Terrace Estates LLC on 3/23/2011 for $47,500, flipped three months later on 7/8/2011 for $75,000. 58% profit in three months. Sweet deal.

16xx N Alta Mesa Dr #75, Mesa AZ 85205
Sold by Fannie Mae to Orchard Terrace Estates LLC on 3/28/2011 for $61,950, flipped three months later on 6/28/2011 for $96,500. 56% profit in three months. You know, at this rate our sweet duo can quadruple their investments in one year, no risks attached.

13xx W Sack Dr, Phoenix AZ 85027
Sold by Fannie Mae to Orchard Terrace Estates LLC on 3/17/2011 for $63,000, flipped less than three months later on 6/7/2011 for $104,900. That is 67% profit in less than 3 months. Did anybody notice there was a 3 months deed restriction on the original sale? But, who cares when big boys are playing.

53xx W Poinsettia Dr, Glendale AZ 85304
Sold by Fannie Mae to Orchard Terrace Estates LLC on 3/30/2011 for $73,500, flipped four months later on 4/14/2011 for $115,000. That is 56% profit in four months. Not bad at all.

Of course sometimes mistakes happen:

150xx W Bottle Tree, Surprise, AZ 85374
Sold by Fannie Mae to Orchard Terrace Estates LLC on 4/15/2011 for $73,500, flipped less than three months later on 7/12/2011 for $85,000. Just 16% profit in 3 months. Guys, with such strong support from the management you can really do better than this.

Over the years we worked with a lot of real estate investors and to be honest this is the first time we have seen such a lucky guy. But again, coincidences happen.