Hi I am Seeking a JV Opportunity. New to BP. Playa Del Rey Auction Property

[Safiya Stewart]

Hello,

Deciding to give this a shot! While I’m new to BiggerPockets and RE investing, my background is in commercial banking, and I have brief experience as a licensed Realtor in the NV market. I’m open to feedback and genuinely curious to learn more about who’s doing deals, what types, and how they’re getting done.

Now here’s my pitch — thanks for reading
JV Opportunity – Playa del Rey Trust Auction (This Saturday)

I’m seeking a joint venture partner for a trust auction property happening this Saturday in Playa del Rey. I’ve walked the property, run the numbers, and the opportunity is solid.

The main barrier to entry for me on this deal is capital, so I’m looking for the right financial partner to team up with.

Property Snapshot:

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  🛏 2 bed / 2.5 bath / 1,246 sq ft

  
  
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  💵 Starting bid: $475K

  
  
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  🏦 Auction registration deposit: $25K (cashier’s check)

  
  
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  🛠 Renovation: Cosmetic only — est. $50K max

  
  
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  📈 Comps: $610K–$640K

  
  
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  📊 Potential equity: $100K+

  
  

I'm fully prepared to manage the auction, renovation, and refinance or long-term hold strategy. Open to structuring the JV in a way that's fair, clear, and mutually beneficial.

Open to collaboration — feel free to reach out with any questions or interest. Would love to connect and learn, even if it’s not for this deal.