All Forum Posts by: Austin Hutcherson

Seeking investment capital for a vacant lot in Palm Springs, CA. Vacant lot being sold with approved plans for $290,000. I currently have the property under contract and have raised $125,000. This is a syndication deal with locked-in terms. 

Residence Overview

-  Mid-century modern residence 

- 2,605 sqft livable space (464 sqft attached garage)

- 3 bed, 2 bath (Optional 4 bed)

- Swimming pool

Target Capital Campaign: $385,000 ($125,000 currently raised)

Acquisition Costs: $300,000

Hard & Soft Costs: $1M

Holding Costs: $85,000

Sale Price: $1.8M (Comps strong for $1.8M-$2M)

Investor Metrics

- Return of collective $385,000

- Preferred Return of 8%

- 65/35 split of profits thereafter (65 in favor of investors)

General Notes:

- Roughly an ROI of 72% over a maximum 12 month hold period

Please message me if interested or email!

Inglewood Single Family Residence

Very distressed property with a lot of upside potential for high return!

• 3 Bed, 1 Bath (4 Bed, 2 bath after ADU Conversion)
• 1,119 sqft. (Roughly 1,600 sqft. after ADU Conversion)
• Lot Size - 6,659 sqft.
• Detached Garage (ADU CONVERSION!!!)
• Pool

Target Acquisition Price:$465,000

Rehab Estimate: $150,000 (Conservative Estimate - TBD by Contractor)

ARV: $865,000+

Please call or email ASAP if interested in partnership deal. Willing and able to turn entire flip around in exchange for capital. Deal structure is flexible depending on capital available and profit split is negotiable.

Phone: 310.923.0996

Email: [email protected]

Fix & flip B+ property in Palm Springs, CA. Current owner is highly motivated and looking to downsize/relocate.

3 bedrooms (4 bedrooms if office is counted), 2 bathroom (but there an area where a half or full bathroom can be built out). Pool & landscaping well kept. Kitchen & bathrooms need full renovations. New flooring, interior paint and exterior paint needed. Modern light fixtures would also give this property the modern Palm Springs feel.

Asking price is $550K. Renovations should not be more than $80K (contractor to estimate for verification). Due diligence inspection & appraisal will be performed. ARV approximately $850K. Comps are widely $800K-$900K.

Seeking private money investor OR joint venture capital partner/investor. Deal currently structured for hard money & investor capital, but will welcome an investor who is willing/wants to put up all the funds. I am a real estate development project manager, who will perform all the management work in exchange for the capital needed for this deal. I have experiencing delivering projects and know how to push general contractors to meet a schedule. Looking to turn this property over within 3-4 month tops.

Please reach out if you are interested! Serious investor inquiries only please! If I missed anything, please ask me for more information.

Please call or text this number if interested (310)923-0996

Fix & flip B+ property in Palm Springs, CA. Current owner is highly motivated and looking to downsize/relocate.

3 bedrooms (4 bedrooms if office is counted), 2 bathroom (but there an area where a half or full bathroom can be built out). Pool & landscaping well kept. Kitchen & bathrooms need full renovations. New flooring, interior paint and exterior paint needed. Modern light fixtures would also give this property the modern Palm Springs feel. 

Asking price is $550K. Renovations should not be more than $80K (contractor to estimate for verification). Due diligence inspection & appraisal will be performed. Comps are in the mid $800K range. 

Seeking joint venture partner/investor provided capital for with fixed return. Deal currently structured for hard money & investor capital, but will welcome an investor who is willing/wants to put up all the funds. I am a real estate development project manager, who will perform all the management work in exchange for the capital needed for this deal. I have experiencing delivering projects and know how to push general contractors to meet a schedule. Looking to turn this property over within 3-4 month tops.

Please reach out if you are interested! Serious investor inquiries only please! If I missed anything, please ask me for more information.

I read on a title company's website that the seller pays majority of the closing costs. I understand that this is the traditional way things go, but does it have to be done this way or can the buyer pay all closing costs?

Can any of the investors and/or wholesalers shed light on this topic for me please?