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Updated almost 8 years ago on . Most recent reply

User Stats

469
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263
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Sebastian Marroquin
  • Real Estate Agent
  • Pasadena, CA
263
Votes |
469
Posts

Los Angeles: Pasadena, altadena Potential flips

Sebastian Marroquin
  • Real Estate Agent
  • Pasadena, CA
Posted

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. 

  • Sebastian Marroquin
  • Offering

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