LEARN HANDS-ON FLIPPING: 1924 LA Historic Restoration

[Shannon Shue]

How does a historic rehab project outpace the market comps? What does 2017 look like for flips in LA?

We will explore this midway project and the finished vision. Expect to learn the process of procuring the property, analyzing the returns and rehab costs.

Rehabbing a HPOZ historic home is extra work. However, the returns can outpace the neighborhood comparable when saving interior and exterior character. Many of the homes in urban Los Angeles are older and buyers look for unique historic charm.

This 1924 2-story craftsman is a 3 bedroom 1 bath with a 5 car garage. It will be a great example of We will get hands-on with the rehabbers (including myself). See how a beautiful home keeps the original craftsman charm while modernizing the design.

At this meet up, we will review:

Acquisition and rehab costs

Finding the Property

Renovations being done

Re-selling the property

Come prepared to get a hands-on look at the early stages of this rehab project. We recommend you wear covered shoes and be ready for a construction environment.

Afterwards, we will meet at:

Nature's Brew Cafe (Near USC) 2316 S Union Ave Los Angeles, CA 90007

Here we will network and talk about our needs and wants as Real Estate Investors.

Schedule:

11:00am - 12:15pm: Tour the rehabbed home, review financials and acquisition.

12:45pm-1:30pm: Meet and Greet over coffee. Coffee is not required nor included.

$20 will be collected at the door, please be ready with cash or a credit card.

To RSVP go to: https://www.meetup.com/HandsOnRealEstate/events/238231653/