All Forum Posts by: Adriel Liwag

Hey BP, I just wanted to share my most recent flip. This was in Los Angeles. This is my 6th flip and I haven't had a chance to share every single one but I'm pretty proud of my accomplishments in the last 2 years since I started flipping. I got a lot of negative feedback at first from people telling me it's a bad idea, it's too risky, local seasoned agents telling me I'm too late to the game and you can't do any investing in Los Angeles with $0 money. Well, 2 years later here I am. I started with $0 out of pocket, I've completed my 6th flip, I just purchased my 7th one last week and have 3 other ones in my pipeline, I left my job a year ago to go into this full time, and each deal after the first just kept getting better because I kept learning how to make it better. I'm sharing this not to brag, but to show those of you particularly in Los Angeles, that it can be done if you have enough desire. This is not at all to say it was easy because there is nothing easy about this business. With that said here are the details and links to the pics.

Property: 2/1 800 sq ft./5,000 lot

Purchase price: $413k

Rehab: $55k 

Rehab time: 6 weeks

Initial ARV: $580k

Listed: $599k

Appraised: $635k

Sold: $653k

Pics:

Before - https://app.box.com/s/mhqk541iubkj84ibf4pa9x63cdex...

After - https://app.box.com/s/21n6e5igy958bl6wdzagvmciecyr59z7

Thanks to all of you who came out on Wednesday. The turn out was great. More people came than I expected. 

Because of the turn out, I'll be hosting another one next month and look forward to meeting with more people along with everyone else who went.

I a lot more responses than I expected and this is great. I'm looking forward to meeting everyone and chatting it up. 

Hi BP, can anyone refer me to a reputable and competitive Home Insurance agency? I'm trying to find Home Insurance for my flips instead of adding them to my personal policy. 

Thanks in advance. 

@Paul Benabente no worries. Yes, I do plan on making it a monthly thing. I'm hoping the turn out will be good enough to justify it. Looking forward to meeting you at some point.

Hey BP, I just wanted to bump this up this morning. I've got quite a few responses for this even and I'm really looking forward to it and meeting everyone. I'll be bringing a couple of pizzas so we can have it with some of CBC awesome beers and ciders. 

Have a great Monday everyone and keep on killin it!

Hi @Alexis Moore, that's great and I'm looking forward to meeting you. 

Adriel

Hey guys, it was just brought to my attention that the "Meetup" RSVP for this was closed. I'm not sure what happened but I re-opened it. Please feel free to follow the link below and RSVP.

https://www.meetup.com/Los-Angeles-Real-Estate-Roc...

Thanks for your support and looking forward to meeting everyone.

Hey guys, so I know there's not too many of us as of now but I went ahead and created the event. Here's the link:

https://www.biggerpockets.com/forums/521-events-an...

I also created it on Meetup. PM me your phone numbers so I can share the Meetup link with you guys. 

Here's the Meetup link:

https://www.meetup.com/Los-Angeles-Real-Estate-Rockstars/events/251206193/