All Forum Posts by: Sebastian Marroquin

@David Moore Hi: sorry I missed your message : lets discuss potential business. Text me : 626-375-6744

@Carlo Medina hey carlo: sorry I missed this message : text me your number: 626-375-6744

@Jason Kudo sorry :) - i will create another one for everyone (including realtors) ;) d

@Yvonne H. cool! come learn with all of us! 

Hello BP! I am putting together this meet up group for the first time! I hope it can catch some traction. This is for anyone that wants to network and learn how to flip properties and buy cash flowing rental SFRs. 

*I am sorry, but NO realtors please. (I may change this in the future, but for now i would like to keep it this way please). 

There will be no pitching of services of any kind. I want this to be a no sales networking meet up where you can share stories, grow together and make progress together! 

I am teaching a "how to flip properties class here and have done it in the past at my office: Keller Williams Realty Pasadena). 

I will occasionally have title people, lenders, escrow reps, home warranty, contractors, architects...etc come and share their knowledge with us! 

I am part of 5 flip deals right now in different phases of the process and plan to share those experiences with you! 

Please message me to let me know you are interested in coming! 

Disclaimer: I do not claim to know everything there is to know about the investment world and encourage new and savvy investors to come and share their knowledge with us also! 

Sebastian Marroquin 

Private message me: if you plan to come! 

Thank you and look forward to creating value for you as well as gaining value from our future business relationship! 

(i have a great contact in Oakland to help you with the 1031 exchange if you need it!) 

I have several potential deals: 

I am really looking for Partners that can fund the entire deal: purchase, rehab, holding costs etc for 50% to 60% of Net Profits. (sometimes negotiable) 

I have a deal in culver city right now: Purchase price : $700k construction cost: remodel only (no additions): $100k ARV : resell price: $1.150 Million (a margin of about 450k): after commissions and closing costs: you are looking at a profit of 300k (50/50)

I also have a home in the city of El Sereno: Purchase price $400k rehab 35k plus 5k (foundation): so 40k total resell: 550k to 575K (easy in and out deal). 

Looking for people that want to invest 50k to 200k for a 10% to 12% flat return. 

or people that want to do a Joint Venture: where i find the home, I bring in the crews (i.e. contractor, drafter, architects etc) and I sell the home. 

Homes come a go fast: usually I like to meet face to face with interested parties, then I take them to projects that we have in process and then if they feel comfortable, then we can move forward. 

There are ways to cash flow in CA : you just have to be creative. 

Value add. 

conversions

new ordinances 

etc 

60k can make you at least 12k flat return per year: passively. (I'll probably make about 40k from a 60k investment: if I were putting in any money in the last deal I got into). 

Learn: be creative and take action. 

PM me: lets talk about this

@cj 

@CJ Witmerundefined

to your comment about not being sure of value: or trusting yourself: 

this is the first item you should become good at: reach out to a realtor: and identify a property: assess the ARV yourself and ask him to do the same for you and see how far you are from it. Practice it until you know it: local market knowledge will help also: and sold properties in an area: price per sq foot also: even zillow can be a guide for such (not as accurate but still helpful).

A realtor will be a great resource for you: they will get tired of it if you ask him to do it 25 times and not buy anything with their help. 

Become good at finding deals: with good margins (just because it is off market does not make it a good deal). 

splitting the deal: meaning splitting profits (rental or flips) but in this case bc you lack the funds : flipping just acts as a vehicle to acquire more funds and then do what you want: which is buy rentals. 

My friend knows the ARV because he is a realtor and because he has access to the MLS and knows how to assess comparable sold homes.

for the loans: I'm saying go for the lower rates of course. (there are other parameters like: pre-payment penalties etc): but usually private loans won't have these 

your current deal: I assumed that you only had one deal (finished one deal) 

I'm saying you can sell equity and cash flow spread to someone. 

You can do what ever you want : its your house. 

The point I was trying to make here was to be creative. 

you could rent out the home to one family and rent out the garage for storage to another. 

You can rent out the back yard to a 3rd party for car storage etc. 

Maximize the rental capacity of your home to make a better return. 

good luck