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Updated almost 8 years ago on . Most recent reply

Los Angeles: Pasadena, altadena Potential flips
I have several potential deals:
I am really looking for Partners that can fund the entire deal: purchase, rehab, holding costs etc for 50% to 60% of Net Profits. (sometimes negotiable)
I have a deal in culver city right now: Purchase price : $700k construction cost: remodel only (no additions): $100k ARV : resell price: $1.150 Million (a margin of about 450k): after commissions and closing costs: you are looking at a profit of 300k (50/50)
I also have a home in the city of El Sereno: Purchase price $400k rehab 35k plus 5k (foundation): so 40k total resell: 550k to 575K (easy in and out deal).
Looking for people that want to invest 50k to 200k for a 10% to 12% flat return.
or people that want to do a Joint Venture: where i find the home, I bring in the crews (i.e. contractor, drafter, architects etc) and I sell the home.
Homes come a go fast: usually I like to meet face to face with interested parties, then I take them to projects that we have in process and then if they feel comfortable, then we can move forward.