All Forum Posts by: Account Closed

Hey Shawn,

I just saw this.. Too late. How's the project going?

Have you guys finished yet?

I'd love to come by some time. I'm pretty close to Silver Laker!

Best,

Mathieu

Hi @Jeff S. Thank you very much for this very detailed answer, I appreciate it!

To compare with @Jeff S. answer, @Account Closed is your 15% to 20% per project calculated on the purchase price (including or not the repairs) or the ARV?

Hi @Brett Goldsmith is this number Net? Can you give an example of projects that you've been working on just to have a better idea on how you can achieve this ROI? Wha types of deals is it usually? Short sale? I would love to have your input on it.

@Andrew S. That's awesome, how did it go? Did you end up buying one property this morning?

Thank you to everyone for your replies!

@Nick Hedberg this is exactly the type of feedbacks I have received from my investors, typically the returns are around 8 to 12% net. A lot of investors are now buying in rougher areas like you said, South L.A mostly, Inglewood, Compton and Jefferson Park have been found a lot of interests lately!

And thank you for mentioning @Shawn Ward into this post, I totally agree with this strategy of spending a bit more into the rehabs and do some quality work.

@Luc Boiron Yes exactly, same feedback as well, how's the market in Toronto like? Have you been investing in Southern California? 

@Josh Gorokhovsky I totally agree, it wouldn't make sense to spend too much money on a specific project if the returns are too low, it's a matter of risk / reward balance, the amount of time, money and energy that you are willing to spend on each project. Do you typically use Cash or Hard Money for the projects that you are working on?

Good afternoon everyone,

I would like to know on average, what is your expected ROI for a Fix and Flip in the Los Angeles County?

I know every city is different, and it depends on the project... But in average, what numbers would make sense for you when you analyze a deal? 

Do you usually come up with a percentage, or with a specific $ amount?

Thank you in advance for your help!