Los Angeles, CA · Member since 2022 · 10 posts · 2 votes
I've been gathering a lot of information that investors typically pay 70%, 80%, 85% for properties here in Los Angeles County. But in my opinion, that is still outrageous.
How do we negotiate high end properties here in Socal or is better if I just virtual wholesale in a different area? Or should I just target probate, liens, and pre-foreclosure leads?
The reason why I want to wholesale in LA county is because everything will be local and more convenient for me. I got some cash buyers and escrow companies lined up already.
Hey Erik, not sure how others do it, but I can break down how I do it. I am currently an Acquisitions manager for a flipping company that focus on purchasing between 900k-1.7m. I always use an excel calculator that factors in ARV, rehab costs, roi, transaction fees and profit. I have noticed that different areas of LA have different ROI's. Hope this helps and let me know if you have something you are selling off.
Hey Erik, not sure how others do it, but I can break down how I do it. I am currently an Acquisitions manager for a flipping company that focus on purchasing between 900k-1.7m. I always use an excel calculator that factors in ARV, rehab costs, roi, transaction fees and profit. I have noticed that different areas of LA have different ROI's. Hope this helps and let me know if you have something you are selling off.
How did you get ahold of that excel calculator and how do you calculate areas in LA with different ROI's?
I wouldn’t want to take that fun away from you. Some of the best things come from trying things and testing them out yourself, then adjusting until you get it right. A calculator is just a guide for getting close. After seeing hundreds of properties you will get more of a feeling of what is a deal and what isn’t. Good luck!