All Forum Posts by: Soheil Naimi

I have an update to this post. There is an interested party who has $1,000,000 to invest. So I am also working on putting together a structure where two or more buyers can make this purchase. If interested, please let me know how much you'd like to invest so I can work on a combined deal.

Hi Lee,

The properties are not under rent control. So vacating them does not pose a challenge. I can negotiate with the seller to see if they could be delivered vacant or not.

Soheil

This is a portfolio of ten residential properties located in a desirable area of Los Angeles.

The proposed strategy is to buy and flip these properties. The properties are located within close proximity of each other, and are close to downtown LA, and entertainment venues.

The average purchase price of each unit is $600,000 and the after repair value is $750,000.

Here are the numbers on the deal:

Purchase price $6,000,000.00

Rehab costs $250,000.00

Sales costs $435,000.00

Financing costs $150,000.00 (Exclude if cash purchase)

Property tax $36,000.00

Total costs $871,000.00

Sales price $7,500,000.00

Profit $629,000.00

Down payment $2,000,000.00

Purchase loan $4,000,000.00

Return on investment 31% ($629,000.00 / $2,000,000.00 = 31%)

Investment period 6-12 months

This is an invitation for buyer representation. Contact me if interested.

Detailed property information will be provided after buyer representation agreement is in place.

Soheil Naimi

(424) AGENT90  or (424) 243-6890

RE Ebroker

Cal BRE #01926620