Good Morning BP community! Thx for patience and your questions.
@Gregg Contreras about your questions of where and how we @Saxxon&Associates are looking for deals in WLA.
East of Sepulveda Blvd
West of Beverly Glen Blvd
North of Pico Blvd ...&
South of Santa Monica Blvd
For starters, Ugly!! lol
I know that doesn't answer how, except we are all excited to know you're a former homegrounder to the area! A million thoughts are running here and as easy as the questions may be.. "not!" Except it is fun! Everyone's having fun! Thanks for that!
I believe I share correctly typing in from my team's perspective:
I'm going to have to narrow down a lot of throw around conversation in attempting to get teams feedback to you in shorter, more to details of where and how we are looking for our deals in all of WLA.
Yet bear in mind we want it out there we will buy UGLY HOUSES thru out California, however to narrow down the ugly houses to WLA: Here is what we figure to share:
Every thought it seems like most of us thinking are fine with a property hitting the 1% rule in California as long as all the numbers look good. OK ... Is this even sensible to start questioning for WLA?
Its the mentality we have: "to make money regardless to what property looks like.."
And. In one (1) word that mean "ugly..." (SFR - Multi-Family, Mixed Use.) And the uglier the better. So you know off back it isn't luxury we are expected to receive with this the majority of the time.
Now of one (1) part in our Power Team we've buyers who for any product type we could spin deals to and thru will cover on average 4-8 pieces of property a month and always looks to the table to buy borderline deals; cash buyers. Simply put this type action usually take in field at tax lien and or trustee sales.
Further ..when we get to addressing type of budget(s); type of neighborhoods to invest in and what neighborhoods to avoid. Our purchase price can accumulate up to 200k per transaction. Also we consider brokers pocket listings; welcome via broker agreement(s) and willingness to go to market.
Alright I think I cover what my team and I wanted, did we answer the questions?
"we are looking to make money regardless to what the property looks like.." Plus it seems like most are fine with a property hitting the 1% rule in California as long as all the numbers look good. (post link to share neighborhood rate insight for viewers)
Willing to look at open inventory: SFR, duplexes, triplexes, 4-families, or larger properties...
The reality is the neighborhood(s) A, B, C, preferably cash ..open to finance ..(D's if feeds to nearby school; cash purchase only) open to owner occupied ok,