All Forum Posts by: Erin Wicomb

Great Investment opportunity for investors looking for cashflow and equity appreciation

50k Minimum investment Max 200k per investor 

Looking for local investment partners that want to receive passive income in San Diego 

We have under contract a 4-Plex that the seller (who is very motivated) is selling significantly below market value the current tenants are paying $1150 per month and market rent for a 2 Bed 1 Bath in San Diego is $2100 we underwrote $1950 per unit renovated

Average Rent In San Diego 

How it works: We sign on the loan, we partner with investors for the down payment, we do the renovation and the management and split the cashflows 60/40 with our investors 

Hi Fellow Bigger Pocket friends:

Looking for an equity partner/lender on one of our latest fixer upper deals in San Diego. 

We already bought the property but one of our investors needed to be cashed out as they are qualifying for a bank loan. 

Deal Summary:

Purchased for 289k 

Renovation 60k 

Sales Price 429k 

Gross Profit: 80k (before financing and agent commission)

Median Home price in San Diego 550k 

Investment is 100k and we are offering 12% IRR or up to 20% of the profit of the deal whichever is greater, this property will be renovated and sold in the next 3 months.

Let me know if you have interest. 

Crush the week.