All Forum Posts by: Christopher Hunter

Hello Chris Hunter here looking to join a group or several REIA groups here in the Orange County area. I am willing to drive anywhere. I am close by the 22, 91, I5 and I405. Where is BiggerPockets meeting at?

@Joe Villeneuve Could not send AP number.  I sent over an introduction email.  I can send over the information when you respond.

@Joe Villeneuve

Property 1 ARV $800K

Property 2, ARV $800K

Property 3, ARV $440K

I am going over there tomorrow to get pictures and will discuss the lease back terms then.

@Account Closed Understood.  Thank you.

@Joe Villeneuve OK will get that right now.

I have a seller with 3 properties to sell.  If we can purchase the first one, I think she will sell the other 2 to me as well.  Here is the problem I face.  She wants to sell the property and cash out here equity and then lease back the property for a 3 year term.  Is there a deal in here to be made?  Homes in this area are going for $390/ft.  If I did not provide enough information just let me know. Thank you

@Account Closed Conducting another walk through to to get more pictures.  If you are interested in having your people come do there own numbers let me know.

@Account Closed Estimated rehab cost $50K-$70K

the photo with the cement floor is the basement. I can't remember what it is called but the black metal strip is what they use to prevent flooding from happening.

Items of concern that will most likely need to be replaced or fixed are..

Roof (About 20 years old)

Electricity (original wiring. Appears to not be up to code and needs to be replaced. Tenants mentioned how they have issues with it shorting out on them frequently.)

Plumbing (original piping and appears to not be up to code. Definitely needs to be replaced)

Building #2

Issues with flooding in the basement.

There is an upstairs to the home that appears to be a newer addition but is not counted on the county records and may not be permitted.

Evident of rodent activity. Tenants mentioned that they keep mouse traps in every room.

@Taylor Hazard Yes sir.  There is 2 houses on this lot.  I have it under contract.  We walked the  property yesterday to confirm the room count and estimate rehab cost.

Are you looking for a fix and flip or an investment property? 

Property A 3/1

Property B 1/1

Investment property or a fixer upper. Homes are early craftsman 2 story, much of the early charm remains, hardware, flooring etc.... Needs some repairs, bring your tool belt. Could be a great place for 2 families to have their own dwellings and still be close or rental properties as they are now.  Message me to get information.  Multiple Investors looking at property.  Come with strongest and best offer.