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Updated almost 4 years ago, 02/24/2021

User Stats

1
Posts
0
Votes
Michael Filippini
  • New to Real Estate
  • ventura county
0
Votes |
1
Posts

Prime investment in Ventura County

Michael Filippini
  • New to Real Estate
  • ventura county
Posted

Investment Info:

Single-family residence other investment in Ventura.

Purchase price: $689,000
Cash invested: $1,200,000

During the 2018 Ventura County Thomas fires, the lot which had property on it was completely destroyed. In late 2020 a move was made on my part to purchase a lot and construct a ultra-modern single-family residence on it with the latest technology. This property, arguably has the best view in all of Ventura County and will have amenities to make a Hollywood A-lister or millionair CEO want to grab this investment. No the property which will be complete 4th quarter 2021 is not for sale!

What made you interested in investing in this type of deal?

The lot itself has the best view in all of Ventura, CA. I would of been a fool not too.

How did you find this deal and how did you negotiate it?

Negotiating was easy, there was no grabbers since it was an empty lot and real estate is very political in ventura county.

How did you finance this deal?

VA construction loan, Bank loan other real estate loans

How did you add value to the deal?

by constructing a weather and element secure home with the most providable house.

What was the outcome?

more to come

Lessons learned? Challenges?

more to come

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

several and more to come.

User Stats

56
Posts
25
Votes
Mike Robb
Pro Member
  • Realtor
  • Ventura County, CA
25
Votes |
56
Posts
Mike Robb
Pro Member
  • Realtor
  • Ventura County, CA
Replied

@Michael Filippini - Are you still working on this project? I am a local investor/Realtor in the Ventura County market and would like to make a site visit and learn more about your project. 

Cheers - Mike

  • Mike Robb
  • [email protected]
  • User Stats

    58
    Posts
    6
    Votes
    Adam Gratt
    • Realtor
    • Ventura, CA
    6
    Votes |
    58
    Posts
    Adam Gratt
    • Realtor
    • Ventura, CA
    Replied

    Hi Michael, I too would be interested to see what you have done.

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    User Stats

    17,823
    Posts
    6,194
    Votes
    Dmitriy Fomichenko
    Tax & Financial Services
    Pro Member
    #1 New Member Introductions Contributor
    • Solo 401k Expert
    • Anaheim Hills, CA
    6,194
    Votes |
    17,823
    Posts
    Dmitriy Fomichenko
    Tax & Financial Services
    Pro Member
    #1 New Member Introductions Contributor
    • Solo 401k Expert
    • Anaheim Hills, CA
    Replied

    @Michael Filippini looking forward to reading more about the progress of this project!

    • Dmitriy Fomichenko
    • (949) 228-9393