All Forum Posts by: David Cowan

@Randy Phillips

Hi! Welcome to biggerpockets! I'm a newbie wholesaler doggedly searching for deals. Perhaps we can JV on a deal some time. I'm happy to be boots on the ground if you happen to be in need of that. Let's keep in touch and see how we might be able to work in cooperation. Either way, all the best with your efforts in LA.

@Brandon Battle - I was thinking the same thing. This same wholesaler sends me "deals" all the time. Most of them are like this, with much too narrow a margin to turn a profit.

I just wonder what you'd all think of this deal. How would I figure out holding costs on a fix and flip? Here's the deal. I'm not considering it but figured I'd use it to do a little "homework"

The house is in Laguna Beach and has a $1.6M ARV and a sales price of $1,348,000 with $40,000 worth of repairs needed. Personally, I'd say no to this because the more "high-end" properties tend to take longer to sell and that time can really eat up your profits. I'm wondering, are there some "rough" figures I can throw into a calculation just to get a very conservative estimate? Below is the description:

Attention South Orange County Investors! Amazing opportunity in Laguna Beach. This property needs exterior paint and light interior upgrades to reach the top of the market. Solid comps justify a 1.6M exit price. This property is a great fit for a cash investor who lists their own projects. Take advantage of a motivated seller opportunity and net a great return on cash! Contact your NWA representative to schedule a private showing.

@Jeff Cartwright

Congratulations, Jeff! I'm considering a move to VB, so maybe we'll have a chance to work together some time!~ Keep in touch!

Wow! What a great bunch of folks! Thanks so much for your responses. It's late now. But, I'll reach out to you all, individually, tomorrow (Tuesday) afternoon. Be well!

@Andrew Syrios

@Alison Wright

@Nate McGee

@Paul Timmins

@Rudy Swiggart

 I am a professional musician and aspiring investor starting off with wholesaler. 

Joined a long time ago, but am now ready to take some action. I'm driving for dollars, sending direct mail, and making cold calls.

I'm in California right now, but considering steps for a relocation to Virginia Beach, VA some time in the next year. I'm learning that even just a little bit done consistently is better than a lot done one time. So, I'm back on my grind.

Hi, Gregory! Welcome to BP! I'm a relative newbie as well, even though I've been on the site for maybe a year or two. My life is changing rapidly, so I really have to make something happen.

Great question! I was looking for the same information. Thanks for your question and thanks to everyone else for your help!