Most people think that they have a pretty good idea about what real estate investors do, but I am not so sure. In this video I wanted to introduce myself and also explain what a Real Estate Investor in Stockton, Sacramento and Modesto does. I wanted to capture the essence of what I do when we find a house, evaluate it and how we look at each aspect of it from beginning to end. It really is an analysis of many economic forces, but at the end of the day, our mission is to take a property that is distressed and make it valuable again.
In its purest form, we buy houses in Stockton that are currently undervalued and underperforming and we add value by restoring them to at least their previous glory. Oftentimes we remake a home into something more, transforming the house and a neighborhood together. As a real estate investor in Stockton, my motivations are not driven by emotion. When I look at a house it’s about what we can do to transform it to add value. We want to extend its usefulness so the the next owner can realize their dreams and create multigenerational memories. I want the house to reflect that effort.
My Name is Peter Westbrook and I am a real estate investor in Stockton. I have been in the business for over 10 years and I have helped hundreds of families fulfill their goals by either removing a real estate burden or selling them a dream home. Either way I love what I do and I can probably help you too.
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Video Transcription
Real Estate Investor In Stockton, Peter Westbrook: Hello, my name is Peter Westbrook with Westbrook Real Estate Investments. Today, I wanted to make a video, not only to introduce myself but to kind of tell you what I do. I get asked all the time from even friends and relatives that know about being a real estate investor. I don’t think it really jumps out at people what that means. I think everybody has seen the HGTV homes show like, Flipping Vegas and Fix or Flip and all the other ones. Those are pretty much staged. But this is what I do for a living. I buy houses like this one. This is 8352 Cutler Way in Sacramento, California.
I buy a house in Stockton like this and it needs a lot of work and you see the neighbors would probably love it if I would cut the grass right away and this grass will be knocked down tomorrow. We’ve been working on this house for around for days and sometimes what’s in the house is more important than what’s outside the house. We really needed to get this and all the debris cleaned up. This house, like I said, needs a lot of work. It is just had a rough life and what I mean by that is it’s been lived in very hard. The fence on this side is falling down, you can see maybe through the cracks over there. The fence on the other side is falling down all the way around really and the neighbors really want to get that rebuilt.
I’m sure the reason they haven’t done it up until now is the lady who owned this, who lived in Fresno, had the house rented out, and the tenants that were in the house really didn’t do anything. They didn’t have the money. I know that she was going to sell the house so she wasn’t thinking, “I need to put more money into the house.” In fact, the truth of the matter, she didn’t have the money to put into the house and she was really waiting for somebody to come along and almost be an angel and buy the house. And really that’s what I think real estate investors are, at least the real ones. The ones that come in, make a commitment to a homeowner to purchase a house and then follow through on that commitment. Make sure that all the i’s are dotted, all the t’s are crossed and they can walk away without any liability.
One of the unique things about my company is we don’t order any inspections. Now, what I mean by that is, I don’t require it because I’m not going to get a bank loan when I buy a house like this, I’m going to pay cash. So I don’t have to go and say, “Okay, I want a home inspection to see what’s wrong.” I can pretty much tell when I walk through a house what’s wrong. It makes it very easy then for me to evaluate because I’ve done so many of these houses before. When I walk into a house like this, I know that I’m going to have to replace fixtures, electrical, others. I know I’m going to have to go through the plumbing. I’m going to make this house brand new. There was very little that I’m going to keep. I know that I’m going to knock down walls and open things up. You can see this here, wires hanging down, things like that.
That sitting right next to the fireplace is what used to be the center fluorescent light structure for the kitchen. We’re going to change all of that and we’re going to put cans in the ceiling. We’re going to put fixtures on for the dining room over there and then we’re going to put new cabinets in. We already took all those out. We’ve expanded the master bathroom and closet in this and that’s on the other side of this wall. But we were going to walk around and I’m going to show you. If you have a house that is in disrepair. I don’t know mate, look at this. We’ve had actually plants growing through the attic in this house here.
But if you have a house like this that is in disrepair, I mean you can see that there’s this so much deferred maintenance on the fence. You can look at it and see, I’m going to kind of get up close here and you can see the gutters are rusting out. There’s dry rot in this wood all underneath and the rest of it. The roof needs to be repaired. The foundation is really good on this house, but you can see that a normal homeowner, what they’re going to do is say, “What do I attack first? How can I fix this house?”
I’ve got windows in this house that are 30 years old. They’re aluminum frame. They may be double paned. They’ve got screens that are broken. It doesn’t matter. You could put $5, $10, or $15,000 into the house all doing the wrong things.
I don’t know if that’s a bird’s nest or if that’s just branches that have fallen, but you can put so much money into a house like this and pick and choose all the wrong things unless you have the experience to know exactly what to do. It makes it very difficult to make the right decisions. And, let me tell you this, real estate agents, while they do know what sells, but they’re not writing checks themselves and they cannot tell you what provement or upgrade is going to be the one that makes or breaks the deal. What they’re going to do is they’re going to walk into a house that you have like this and they’re going to say, “You’re going to have to fix it.” They’re going to want you to order a home inspection, and we had started out this conversation saying, “I don’t order home inspections.”
As a Real Estate Investor in Stockton, I know I’m going to need to fix everything that I see. But, I’m expecting to spend $60, $70, or $80,000 on a house when I get it in this condition. I’m going to call the right people, I have my crew and we’re going to come in and we’re going to go through the house from top to bottom. Again, my name is Peter Westbrook. I am a real estate investor in Stockton, Sacramento and Modesto. I am also a general contractor in the state of California, so when I look at something, I know exactly what needs to be done.
This is actually a bedroom with patching the holes in the walls. We’re putting new drywall. We’re doing a lot of different things here. The HVAC system is probably going to need to be replaced. We’re going to replace all the ducting in this house, get rid of all the crap that’s been in this. We’re going to replace all of these windows. You can see this, its so bad.
Most people wouldn’t do that because it is so costly, but as a general contractor, my cost to do those things is a lot less than a normal homeowner because, for you, you’d have to call somebody to get it done. What would cost me $50, $60, $70,000 …
And look at this bathroom. We had pulled down the entire ceiling because of mold and other issues. Literally, we’re just going to eradicate the house of any of those problems whatsoever. Like I said, it’s going to be a brand new house when we’re done or virtually a brand new house. A sliding door, eight foot sliding door here. Not standard, but we’re going to order it. It’s going to cost extra, but this is what we’re going to do.
Again, my name is Peter Westbrook with Westbrook Real Estate Investments. If you have a house like this that you need to sell, please give me a call. My phone number is (209) 481-7780. My website address is www.westbrookrei.com/we-buy-houses-sacramento or www.westbrookrei.com/ … I’ll say that again, or www.westbrookrei.com/we-buy-houses-Stockton or www.ibuyhousesstockton.com. Either way, just give me a call, (209) 481-7780.
I am a Real Estate Investor in Stockton, Sacramento and Modesto. I’m a real nice guy. I’m very approachable. I understand the nature of house problems probably better than anybody else. I’ve been in the business for over 10 years. I’ve done hundreds of house transactions. I’ve helped hundreds of families and I am certain I can help you. If I can’t, I know exactly where to go and who to call. And if there’s anything you want, it’s somebody in your corner that knows where the resources are to get that job done. Again, my name is Peter Westbrook. I think that after one phone call with me, you’ll understand why I’ve helped hundreds of families. I would love to help yours. Again, call me at (200) 481-7780 and thanks for watching.