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Updated almost 3 years ago,
Investor's in Ventura, Santa Barbara and San Luis Obispo
Hi BPers. @Valerie Menke and I are a couple weeks into a door knocking, calling and personal letter campaign in Ventura, Santa Barbara and San Luis Obispo counties in California. We have already met with six owners potentially interested in selling us their properties, and toured and put preliminary offers in on two. Our primary goal is fix-and-flip so we are offering at 65% of ARV. So far most have been single family homes with a couple duplexes, but we will likely be reaching out to more 2-4 unit property owners in the coming weeks. Offer prices for the homes we have approached so far would range between approximately $325k - $800k, with ARVs ranging from approximately $500k to $1.3M. We will put any house we find under contract whether we can take it on or not, so we are looking to expand our investor list to wholesale the ones we can't flip. If you are an experienced cash/hard money buyer who loves the Central Coast like we do (Ventura and SB aren't SoCal, cmon), and would like to be on our distribution list, we would love to chat.