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All Forum Posts by: Shawn Ward

Shawn Ward has started 27 posts and replied 580 times.

Post: How many flips before hiring help?

Shawn WardPosted
  • Real Estate Investor & Consultant
  • Los Angeles, CA
  • Posts 620
  • Votes 386

@Jackson Tate keep self managing until you physically have no more bandwidth to do it. 

At that point, IF you have the cash flow form real estate to pay someone to manage it, do it. If you do not, then I suggest finding a partner who could be the eyes and ears while you are at  work, and give them a piece of the action after you sell the property. That's what I'd do. Saves you money and gets you a partner in line with your priorities,...maximizing net profits.

All the best!

sjw

Post: Proof of Funds vs Pre-Qualify for House Flipping

Shawn WardPosted
  • Real Estate Investor & Consultant
  • Los Angeles, CA
  • Posts 620
  • Votes 386

@Ryan Johnston I recommend you get a letter of POF form your HML. They will provide this. You can still put in ALL CASH offers using HML because really it means that you can close fast and not traditional.

Post: Mastermind group focused on Short-term Rental Niche

Shawn WardPosted
  • Real Estate Investor & Consultant
  • Los Angeles, CA
  • Posts 620
  • Votes 386

Count me in @Anand S.

Post: Broker or Agent Specializing in High-End Rentals in LA

Shawn WardPosted
  • Real Estate Investor & Consultant
  • Los Angeles, CA
  • Posts 620
  • Votes 386

BPers,

I am looking for a real estate broker and/or and agent that specializes in renting high-end rentals in LA. 

If anyone has a recommendation, I'd really appreciate it. 

Thanks!

Shawn

Post: Good way to find partners in Los Angeles?

Shawn WardPosted
  • Real Estate Investor & Consultant
  • Los Angeles, CA
  • Posts 620
  • Votes 386

Yes. @Jeff Greenberg and @Brandon Foster@KJ L. have great meetups

Post: First House Flip DONE!

Shawn WardPosted
  • Real Estate Investor & Consultant
  • Los Angeles, CA
  • Posts 620
  • Votes 386

Congrats @Kelly Eschman !!! 

1. You DID IT. That's the main hurdle. You can really move faster now. 

2. Remember, it doesn't get easier, you just get better. 

All the best!

sjw

Post: How to come up with the best after repair value

Shawn WardPosted
  • Real Estate Investor & Consultant
  • Los Angeles, CA
  • Posts 620
  • Votes 386

@Carlos Araujo I agree with @Charlie MacPherson , get a local realtor who has a good reputation and get them to pull comps for you. Most will do , with the understanding, if you buy the home, you'll be able to have them sell it for you. 

Also, to do a quick and dirty comp lookup, find homes with similar SQFT for home and lot, same beds and bath and that have been rehabbed...best to get within 1 mile radius and within the past year. 

All the best!

sjw

Post: Looking for feedback from flippers and rehabbers

Shawn WardPosted
  • Real Estate Investor & Consultant
  • Los Angeles, CA
  • Posts 620
  • Votes 386

I'd help you guys out!

sjw

Post: Good way to find partners in Los Angeles?

Shawn WardPosted
  • Real Estate Investor & Consultant
  • Los Angeles, CA
  • Posts 620
  • Votes 386

@David Martin Jr I'd suggest you look up a few people on here and visit a few meetups and get a feel for the people first. See who you admire...see who has a temperament and professionalism and business model that you think you would be a fit with...and before partnering, get to know them a bit...see how you guys can 'date before you marry'. 

People are not always what they seem, so ask around about their reputations before you do a JV also.

Good luck man!

sjw

Post: Join Us: Walk-Through/Q&A at our In-Progress Flip in Los Angeles

Shawn WardPosted
  • Real Estate Investor & Consultant
  • Los Angeles, CA
  • Posts 620
  • Votes 386
Since we are half-way through our fix and flip project in Silver Lake, we thought it would be great opportunity to give other investors and aspiring investors a chance to visit and ask questions about our rehab process.

The home is a hillside 3 bed/2bath that has seen better days....and we are converting it into a modern 3bed/2.5 bath with jacuzzi, bonus room and balcony.

We will be providing donuts and coffee along with a short project presentation, followed by a Q&A session.

DATE: Saturday, August 11, 2018; 10am-12noon

LOCATION: 2592 Adelbert Ave, Los Angeles, CA 90039


RSVP to [email protected].