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All Forum Posts by: Adriel Liwag

Adriel Liwag has started 41 posts and replied 155 times.

Post: 6th flip in Los Angeles

Adriel LiwagPosted
  • Specialist
  • Los Angeles, CA
  • Posts 165
  • Votes 88

@Account Closed thanks!

Post: 6th flip in Los Angeles

Adriel LiwagPosted
  • Specialist
  • Los Angeles, CA
  • Posts 165
  • Votes 88

@Ezichi Oha thanks!

@Lilly Wang from the network I've built. Most of the time they are sent to me by people I know in my network.

Post: 6th flip in Los Angeles

Adriel LiwagPosted
  • Specialist
  • Los Angeles, CA
  • Posts 165
  • Votes 88

@Jerry Murphy thanks!

@drew 

@Drew Slater thanks! Most of my off market deals are brought to me by my network of different people but I'm also doing my own campaign. 

Post: 6th flip in Los Angeles

Adriel LiwagPosted
  • Specialist
  • Los Angeles, CA
  • Posts 165
  • Votes 88

@Joseph M. thanks! ya, there really aren't a lot of local flippers that are on BP.

Post: 6th flip in Los Angeles

Adriel LiwagPosted
  • Specialist
  • Los Angeles, CA
  • Posts 165
  • Votes 88

@Vinay H. Thanks!

It's crazy because quite frankly I wouldn't buy the houses I flip myself at those price points. lol If I had that kind of money to spend on my home, I'd be buying something bigger and away from the city. But that's just me and I have a family to raise. 

Post: 6th flip in Los Angeles

Adriel LiwagPosted
  • Specialist
  • Los Angeles, CA
  • Posts 165
  • Votes 88

Thanks @Matt Schuberg

Post: 6th flip in Los Angeles

Adriel LiwagPosted
  • Specialist
  • Los Angeles, CA
  • Posts 165
  • Votes 88

@Matt R. these are seasoned retail agents who don't understand investing in general at all, they are focused on the retail sales. That's the problem with most agents, they either don't do any actual investing theirselves and don't understand calculating rehab, holding cost etc. Ofcourse not all are like that but there are very few agent that are knowledgable on the investing side. As far as areas go, I do flips anywhere but mainly focusing on the hot up and coming areas around DTLA. 

@Jay Senaratna Thanks!

Post: 6th flip in Los Angeles

Adriel LiwagPosted
  • Specialist
  • Los Angeles, CA
  • Posts 165
  • Votes 88

@Jon Crosby thanks for the support! My initial ARVs were conservative numbers based on solid sold comps. I don't want to over price my ARV and set high hopes and it also keeps my over all numbers conservative and easier or more realistic to sell to my passive investors. My favorite part in the process is being able to deseign and renovate a home to the highest quality possible at the least dollar amount possible.

Post: 6th flip in Los Angeles

Adriel LiwagPosted
  • Specialist
  • Los Angeles, CA
  • Posts 165
  • Votes 88

Thanks @Brian Garrett

@Alex Price there is house hacking opportunity for sure but the cash flow really wouldn't be that great and neither are the tenant laws. This is not to say it can't be done and be somewhat profitable. 

Post: 6th flip in Los Angeles

Adriel LiwagPosted
  • Specialist
  • Los Angeles, CA
  • Posts 165
  • Votes 88

@Alex Bekeza Thanks Alex, I've always had a partner and we've used HML on all our deals.