All Forum Posts by: Marco Chaidez

Hi,

We have recently experienced an issue trying to fund 20% DOWN on multiple properties at the same time.

Our Pipeline is Nice and healthy, the issue is now funding them all....The problem originally was finding deals, now found them and we have Several deals in the Pipeline that are all ready to close escrow. We Now, need to find 2nd lien holdes /gap funding investors to help. The issue is, We don't know too many gap funders that can move quickly. 

Question ? How do the expert investors approach this and how do you resolve this ? where are  all the gap funders at  ?

thanks !

Thanks for your input, we have heard of this already from the agent that sold the house you are referring to. they over paid for that house, so there profit margin was very slim. I have done my homework and made a solid purchase offer that would calculate the   DOM it will take to resell. 

Investment Info:

Single-family residence fix & flip investment in Los Angeles.

Purchase price: $400,000
Cash invested: $100,000
Sale price: $662,000

Amazing LOCATION-OCATION LOCATION LOCATION. THIS PROPERTY IS LOCATED IN THE LEIMERT PARK NEIGHBORHOOD OF LOS ANGELES CA * * * 10 MINUTES FROM USC * * * . . BEAUTIFUL REMODELED HOME WITH EXCELLENT CURB APPEAL. THIS HOME IS A MUST SEE AND WILL NOT LAST LONG. UPDATED ELLECTRICAL AND PLUMBING . NEW KITCHEN, COUNTERTOPS, AND CABINETS. NEW FLOORS THROUGHOUT. NO EXPENSE WAS SPARED ON THIS HOME. ADDITIONAL 150 SQ FT OFFICE LOCATED IN THE DETACHED GARAGE MAKING THIS PROPERTY APPROX 1322 SQ FT.

What made you interested in investing in this type of deal?

Prime location with so much potential.

How did you find this deal and how did you negotiate it?

Through a previous sale I had done with the owner.

How did you finance this deal?

hard money

How did you add value to the deal?

Opened up walls, completely remodeled interior and exterior

What was the outcome?

great profit

Investment Info:

Single-family residence fix & flip investment in Long Beach.

Purchase price: $360,000
Cash invested: $55,000
Sale price: $474,000

FIX AND FLIP PROPERTY IN LONG BEACH.

What made you interested in investing in this type of deal?

It was a short sale and I purchased it for a great price.

How did you find this deal and how did you negotiate it?

I found it through my marketing efforts and had a real estate professional negotiate it.

How did you finance this deal?

hard money

How did you add value to the deal?

added an enclosed laundry room and completely updated and remodeled the interior.

What was the outcome?

GREAT PROPERTY- and a great return

Lessons learned? Challenges?

This one took longer than expected as we had to submit renderings etc to the city as we were adding a room.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

YES, JENNY CHAIDEZ...SHES THE BEST!

Hello RE Investors,

We have a Great Investment opportunity for someone who is looking to Earn 15% ROI .

Were  seeking a Gap funding Investor to loan  approx. $45-50k for the Purchase of the property referenced below. The property is a 3 bd 2 bath in Guard gated, Golf course community in North Las Vegas NV.

The Purchase price is 210k, Rehab 35k and the ARV= 335k. Please see the property below.

5509 Excelsior Springs N. Las Vegas NV.   Zillow Link Below.

https://www.zillow.com/homes/5...

We have a verifiable background in fixing and flipping houses and our team has successfully completed approx. 30-35 flips within the past 16 months. We have a full Investment team operating and managing our process and systems. We have the proven track record, experience and references available. 

Please notify us via email should you be interested at.   You can view some of our past flips on our website.  http://macregroup.com

Thanks

Marco Chaidez

President

MAC Property Redevelopment

[email protected]. or call, text 949-278-1564

Hello RE Investors,

I have a couple of homes we are purchasing in LV to fix and flip that we need gap funding for.

We also have a couple more in Southern CA ( Orange County) which is where we are headquartered at….

We are currently looking to bring in an Investor that would put down the down payment needed to close the deal for the Las Vegas properties… We already have a hard money lender that will cover 80%-85% and give us the rehab money.

We are looking for Gap funding of approx. 20% - 25% down and we are offering up 15% Net profit.

We have good projects to keep everyones money working and we have our own GCs in place to handle our workload. We usually get our properties to Net approx. 45-55k per deal. Our average return was 52k per unit this year. Our usual rehab timeframe is 30 days and our list to sold timeframe is 60 days.

We have completed approx. 30 -35 flips in the past 2 yrs and will probably do more in 2020 if we can bring in other investor money. We currently are working in Dallas, TX, Las Vegas, NV & Southern CA.

You can check out some of our recent projects. At. www.macregroup.com scroll down to the bottom of the 1st page.

Please let me know if this is something that would be of interest.

You can call me to discuss at. 949-278-1564.

thank you,

Marco Chaidez

MAC Property Redevelopments 

I am in the expansion process of my RE investing company and need to reduce my IRS Taxes.

What is Best to use ? A. Roth IRA or Solo401k ?

@Anita Anand The Hardest part for me when i started was the Unknown and lack of confidence i had because of my inexperience.

However, the more u practice in this business as in anything else the Better u will become and when u get that momentum built up, it just really gets going as u start to get the hang of it !

Feelings are normal, the trick is to not let ur feelings hold you back and remind urself why u started this journey to begin with !! Good luck and Dont Quit !

@Mindy Jensen when is it ?