Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on .

User Stats

23
Posts
3
Votes
Julia Franklin
  • Los Angeles, CA
3
Votes |
23
Posts

Fix and Flip in Los Angeles, CA with 54%+ ROI | Insane deal

Julia Franklin
  • Los Angeles, CA
Posted

OVERVIEW:

The property we are going to acquire in La Canada Flintridge has incredible potential. It is a fairly large home at 2833 sqft on a 18,915 sqft lot, but we are more excited about what the property will become once our team has transformed it. This home is going to be an absolute masterpiece when we are finished. In collaboration with our architect/interior designer, we know exactly what is needed in order to integrate luxury amenities and a modern aesthetic into the design of any property, while taking care to create a functional, attractive living space.

We have a beautiful presentation available which will give you more insight into the overall concept of what this property will ultimately become. We will be re-imagining the entire home, adding a 1200~1500 sqft expansion, establishing over 4000 sqft of living space in all. Our intention is to create a luxury compound feel with a large privacy wall, also adding a high-end, modern pool with a large deck. All of this should bring the resale value up to between $2,800,000 - $3,000,000 which is supported heavily with 20 -30 comparable sales.

We have a full due diligence information so please email Steve directly at [email protected] or text or call Steve at 310-948-8585.

INVESTMENT:

We are looking for an investor or investors to provide a minimum of $50,000 in GAP financing for this great flip opportunity in La Canada Flintridge, CA near Pasadena in Los Angeles. We are raising a total of $500,000 and The group is buying the property at $1,425,000 (with the assignment fee already factored in). This is far below the all in asking price that the bank wanted at $1,567,000. The group will be doing all renovations and additions to the home for a projected total of $400,000.

RETURN ON INVESTMENT:

The investors will be receiving 40% of the profit from the sale of the project. This would equate to approximately $273,200 paid to the investors in the projected 9 month time frame (3-4 months for permitting, 2-4 months for construction, 1-2 months for marketing). Because we are going to be pre-marketing the home very heavily we project it to be sold before the construction is finished.

These projections would deliver a 54.64% return on your investment (ROI) in 9 months' time which yields a 72.85% annualized ROI. The loan will be structured for 12 months out of precaution, but we project it to be paid off in the next 9-10 months.

LA Market is scorching Hot!!!


Read these articles and you'll know your investment is solid!!

https://la.curbed.com/2017/7/31/16070220/la-home-s....

http://private-money-loan.com/los-angeles-home-pri...

http://private-money-loan.com/u-s-home-sales-highe...

http://www.private-money-loan.com

These opportunities are usually located in los angeles, orange county, southern California, palm springs, huntington beach, CA. This is not traditional financing or hard money or private money. Many lenders who provide hard money financing or private money financing are not gap investors, so we are looking for true private individuals who are looking for solid ROI (return on investment) investments by being part of new property acquisitions on properties that are for sale. These opportunities are primarily for single family residences that are fixer uppers, fix and flips, need TLC and are hangman specials. So please call us if you are interested in gap, or jv, or being involved in a joint venture capacity on this amazing house flip opportunity in the amazing neighborhood of Studio City in Los Angeles California.

Start putting your money to work!!!
Call or text Steve at 310-948-8585 or email Steve at [email protected]

Offering