Investor

[Jon Rosenthal]

My partner (wife) and I are real estate professionals, and have been in the real estate industry for over 30 years.  She is a licensed real estate broker.  I have been involved in many aspects of the industry, and spent many years focused on development.

We have recently gotten interested in the FixNFlip and Wholesaling aspects of the business, and are just embarking on this new business. We would eventually like to build a portfolio of rental income properties and pass the business on to our children to continue of grow and build it for the next generations.  

We could use all the help and advice the community has to offer.

[Jon Rosenthal]

Originally posted by @Account Closed:

Where are you looking to start? Maybe a fix and flip?

What are your target areas and your preferred margins for return. 

California has higher numbers VS you could do 2/3 deals in Chicago or any market. 

 Sorry for the delayed response.

We would be interested in both wholesaling and fixNflip.

Targeted areas are more local for now - Southern California.  We may go further afield with more experience.

Margins should be minimum 10% on total investment (acquisition+holding+rehab+sales cost), with a hold period not to exceed 4-6 months. This would give an annualized gross return rate of 20%+.  

Yes, we could do more deals in other markets, but I think the total returns (in $$) will be the same, with less travel and associated expenses.  Happy to be shown that it could be otherwise.