Anyone fixing and flipping in the Bay Area?

Question

Title says it all. I've been looking into BRRR and buy-and-flip in the Bay Area and was curious which areas people have generally been focusing on for greater ROI and also if they have been investing as a solo investor or as part of a real estate fund. Thanks!

Zena Elkady · Answer

Hello Roshan,

I have been flipping in the east bay. The comments above are on point. You need a substantial amount of capital to flip. You can use loans from hard money lenders but most of them want to see a track record. Let me know if you have any specific questions. Would love to help out.

Carlos Ptriawan · Answer

Thing is if you see disclosure you have to sign contract with gov to repair sewer and siding ; the sewer contractor is asking for 6k only , I think total rehab cost is 80 to 120k , the city ask permit for all the jobs that require permit and shall be completed in 60 days.

I would not bid this one , these are yours folks LOL

Gi'angelo Bautista · Answer

I think wedgewood is a big company that flips. There was another investment company that had over 50-75 when I checked on tax records. I forget the name, but they had 2 funds. There are a ton of flippers in the Bay Area with all different type of strategies.I also flip a little bit. I see a lot more flippers at Meetups in the South bay from what I noticed.

Carlos Ptriawan · Answer

Most of them use conventus as HML …so conventus know the flipper list as well since it is all their customer

Alan F. · Answer

That's great, are they all well functioning houses too? Like title 24, manual J,S,D engineered HVAC, title 24 lighting, load balanced electrical system, ICBO seismic compliant type build outs? Or do they just have string inverter PV system slapped on the roof?

Carlos Ptriawan · Answer

I love the before and after of some of bay area flips renovation. Most good flipper in bay area what I notice is they really put attention to detail , especially in kitchen and bathroom, it seems as they use interior design, also most of the backyards renovation are very beautiful. This is different than flipping in OOS market where they purchased the cheapest material out of local home depot.

Roshan Srinivasan · Answer

Got it. Thanks Alan!

Carlos Ptriawan · Answer

There're just so many fixer,flipper in the area my friend .... area that's being targeted usually with the price range of house between 600K to $2 mil. the investor ranges from solo like me, company and fund (private equity or hedge fund).

Roshan Srinivasan · Answer

Hey Carlos, that's fine. I was more curious about people operating smaller funds that invest in the Bay Area.

Anyone fixing and flipping in the Bay Area?

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