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Austin Hutcherson
Pro Member
  • Real Estate Consultant
  • Long Beach, CA
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Palm Springs CA Desert Home (Private Money or JV Partnership)

Austin Hutcherson
Pro Member
  • Real Estate Consultant
  • Long Beach, CA
Posted Jul 24 2020, 15:47

Fix & flip B+ property in Palm Springs, CA. Current owner is highly motivated and looking to downsize/relocate.

3 bedrooms (4 bedrooms if office is counted), 2 bathroom (but there an area where a half or full bathroom can be built out). Pool & landscaping well kept. Kitchen & bathrooms need full renovations. New flooring, interior paint and exterior paint needed. Modern light fixtures would also give this property the modern Palm Springs feel.

Asking price is $550K. Renovations should not be more than $80K (contractor to estimate for verification). Due diligence inspection & appraisal will be performed. ARV approximately $850K. Comps are widely $800K-$900K.

Seeking private money investor OR joint venture capital partner/investor. Deal currently structured for hard money & investor capital, but will welcome an investor who is willing/wants to put up all the funds. I am a real estate development project manager, who will perform all the management work in exchange for the capital needed for this deal. I have experiencing delivering projects and know how to push general contractors to meet a schedule. Looking to turn this property over within 3-4 month tops.

Please reach out if you are interested! Serious investor inquiries only please! If I missed anything, please ask me for more information.

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