BiggerPockets

I recently obtained a loan committment from a couple of private money investors, and therefore, am now looking for deals.

I am looking ONLY in SCAL, specifically the greater Los Angeles area. Don't ask about Georgia, Florida, or any other states. Because these are private money investors, I will only do deals that I can drive to within an hour. Sorry, no Inland Empire, either. Maybe later, I can expand out there.

This is a perfect opportunity for someone that has more time than money.

I am willing to partner with you on a deal, 50/50 profit split.

Here are my requirements:
acquisition price of no more than $300k
Acquisition price no more than 70% of After Repair Value less cost of repairs
Repair costs - I will only repair to original structure, will not add square footage
I will consider Short Sales, but must be a really good deal.
I would strongly prefer that you have the property under contract, this will protect both you and me.
It does not matter to me if property is listed on MLS and/or with an agent. I respect all agency relationships.

My email address is in my sig, please do not call asking about this or that, I answer emails much more efficiently.

This is a limited time offer, at this time I only have enough funds to do 2 or 3 deals. However, once we get a couple done, I can probably get more funds.

I would also appreciate any advice from the BP experts.

Hi Sonda,
Yes, I am still looking.

I am looking anywhere in the greater Los Angeles area. Anywhere from the Valley to Long Beach, and Orange County. I live/work out of, zip code 90670. I am open to anything up to 30-45 minute drive from there. The further I need to go, the better deal I am looking for.

At this time, I am only looking at SFR, generally 3 bd's or more, although I would consider a 2bd if it makes sense.

I am primarily looking for a fix n flip properties, to purchase myself. I also have a few clients (I am a RE agent as well) that are looking for buy and hold SFR rentals.

I must be able to acquire the property for 60-65% of After Repair Value. The repairs needed to get it up to the "nicest in the neighborhood" should not require any major remodeling. Typically, I go in an remodel the kitchen & baths, paint inside and out. I will only redo the roof or other major systems (electrical, plumbing) if it absolutely needs it.

I have access to both private investors as well as Hard Money lenders, so I can close in less than 2 weeks, if necessary.

I have no problem paying a wholesaler his/her earned fee, I just need to know what that fee is, going into the transaction.

Also, If/when you approach me with a deal, I need to know the address. It would be better for you, to have the property under contract, prior to you contacting me.

I see you are from Virginia, are you marketing here in Los Angeles?

Thanks,
Brian

HI Juan,
I am not interested, necessarily for myself, but I do have some clients that may be interested, depending on the area.

Must be nice area, not gang areas.

Brian