All Forum Posts by: Anshuman Thakur

Can you send me more details please?

Please DM me. 

Please DM me the details?

Could you all please DM lenders to me as well? Much appreciated 

# Fix & flip/ BRRRR/Investment Opportunity: Redevelopment Potential in Palmdale, CA (~ generate $117K+ additional revenue from land redevelopment/mixed use potential)

(Motivated Seller)

Property Overview

- Location: Prime location directly across from Palmdale Sheriff Station and the proposed High-Speed Rail Station.- Size: A total of 2.5 acres across three parcels with access from three streets.- Current Use: A decaying 7-unit property (1 unit apt) with 3 units occupied

Property Details

- 3 Units currently generating approx. $24,000/annually in rent. ($800/month/unit)- 4 Units in Poor Condition:o 1 Unit: In teardown conditiono Additional rehab cost ~ $50k - The existing tenants are family members of an employee, and rent has not been increased, leaving potential for improved rental income.- Proforma rental - $117,600 ($1400/unit/month) + additional revenue from land redevelopment

Zoning:

- Mixed Use Potential: Portions of the land are zoned for commercial and multifamily use, allowing for diverse redevelopment opportunities.

Redevelopment Possibilities:

This property offers vast opportunities for various types of development, including but not limited to:

- Fast Food Restaurants- Gas Stations- Multifamily Housing- Mixed-Use Developments

Background

- Purchased 20 years ago with the intent to build a strip center and office location for a Bail Bond business.- The condition of the property has deteriorated, and the current landlord is no longer involved in redevelopment due to distance and changing business priorities.

Market Insight

- As Palmdale prepares for the high-speed rail connection between Las Vegas and California, the area's property values, and development potential are poised for growth.

Seller's Perspective

- The seller is motivated to simplify holdings following the passing of a family member and is open to reviewing offers that reflect the property's potential.

Next Steps

- If you recognize the potential of this property and are interested in exploring this unique investment opportunity, please reach out to me for further discussions or to submit your offer.

Please let me know your thoughts

Hello BP friends and guide. Any inputs on 31204 zip code to buy investment properties? Is it safe and relatively okay to buy here. Please let me know as soon as you can.

Best regards 

Ansh

Can you please send me the details?

Hello
I am looking to buy a multi family in Birmingham Alabama. At this time I am looking for references on trusted home inspectors, esp for out of state investors. Please help me here.

Best regards

Ansh

Apoorv

fantastic job and kudos:). 
I am a new investor and not a landlord yet. However if you would like me to take a run at the product itself, let me know. 

Best regards 

Ansh