All Forum Posts by: Marco Chaidez

Permits and Inspections take longer than expected. End Buyer Loans are sometimes harder to get approved on fix and flip properties due to the Upgrades made and appraisers not knowing the true cost of repairs made to the property. You Must have a solid Expenses report to provide to the appriaser to show the Improvements made to the property to ensure no appraisal value issues arrise.

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

Real Estate Agents and Private Money Investors

1 Vote

Fellow Investors,

We are seeking a qualified Private Investor / lender to come and invest with us on our Latest Fix & Flip Acquistion in Lake Forrest, California.

We have a proven track record Over 9 yrs and produce safe returns for our investors with an average of 10%. Our Rehab time frame is usually 4 months.

We are Seeking to Raise $80k @ 10% Interest.

Here is a Quick snap shot !

Purchase price = $775,000

Rehab Budget is = $80k

Resale Value= $950,000

please message me if you are Willing and able to invest.

Referrences are available upon request.

Please click the Proeprty Link below for more details.

https://www.zillow.com/homes/24275-Verde-St-Lake-Forest,-CA-92630_rb/25536866_zpid/?

0 Votes

Investment Info:

Single-family residence fix & flip investment in Buena Park.

Purchase price: $570,000
Cash invested: $95,000

Fix and Flip in Buena Park scheduled for completion mid December 2021

0 Votes

Investment Info:

Single-family residence fix & flip investment in Buena Park.

Purchase price: $570,000
Cash invested: $95,000

Fix and Flip in Buena Park scheduled for completion mid December

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

Off market seller called us on our sign posted on our completed flip in the same neighborhood

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

off market, seller called us. Hoarder home that needed EVERYTHING. Seller wanted an as is offer with no headaches. Told her that's how we roll.

How did you finance this deal?

HML, and private money

How did you add value to the deal?

opened up the kitchen, cosmetic rehab

What was the outcome?

permits for all work stamped, passed all rough work, being insulated and closed up by end of November. for sale by end of December

Lessons learned? Challenges?

because our flips are now "owner build" we had to learn how to read plans. Each city has different wait times for plan review, so it's best to carefully review plans for accuracy and compliance prior to submission. Some cities take up to 2 weeks for simple plan review. And that feels like FOREVER. Takes even longer with the holidays!

0 Votes

Investment Info:

Single-family residence fix & flip investment in Mission Viejo.

Purchase price: $807,000
Cash invested: $95,000

Under contract for over asking price! Scheduled to close with an all cash buyer (vetted), no contingencies or assignments, on 11-24-21. Total interior remodel, fully permitted, and completed! Professionally staged. We are so proud of our team.

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

Having other flips in the same tract made this an easy purchase.

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

MLS deal, showed seller our history of purchases. made a fair all cash offer that best suited their needs.

How did you finance this deal?

HML, & Private Money

How did you add value to the deal?

cosmetic rehab. very close attention to detail

What was the outcome?

rehabbed in 2 1/2 months. Got over 30 offers. Under contract now with an all cash buyer over asking. Will update after CoE

Lessons learned? Challenges?

Communicating, being fair but firm with contractors, and keeping a clear chain of command is key to run a tight ship.

0 Votes

Hello Friends! I wanted to share one of my flips our team just finished rehabbing in the City of La Mirada CA! Are you actively flipping?! What do you think of the rehab?

PP:590k

Rehab: 70k

Closing fees: 4%

Holding Costs: 40k (7 months because our GC totally bailed on us on week 2!!!)

Sale: 840k

15714 La Barca La Mirada CA

I hope to inspire anyone who wants to get in the game. If there's a will there's a way. Find your why and you'll find a way.

3 Votes

Hello Fellow Investors,

An HGTV Flipper seeking to bring in new investors to flip houses with. We are an Experienced team Expanding and now looking to bring on new investment opportunities to those who wish to learn and work with a seasoned and proven track record company.

Seeking to Raise $150k-200k, paid back at 10%.
Fix and flip Investment opportunity.
Length of the Project, 5-6 months.

Here is the snap shot:

24262 Castilla Lane, Mission Viejo, CA 92691

Purchase price = $800k

Rehab Costs = $75,000

Resale price = $1,000,000

https://www.zillow.com/homes/2...

Please message me if you are Willing and able to invest. References are available upon request.

Marco Chaidez

949-278-1564

[email protected]

www.macregroup.com