All Forum Posts by: Eddie Prosser

Almost back to the top...

http://www.bloomberg.com/news/articles/2015-10-22/existing-u-s-home-sales-rise-to-second-highest-level-since-2007

California Housing Demand, Sales Expected to Stay Strong

How long will it continue to last? 

Good statistical info here -

http://www.propertyshark.com/Real-Estate-Reports/2015/09/02/infographic-the-hottest-real-estate-markets-right-now/

Fortune Magazine Article - The Single Best Day to Buy a House...

Article from the National Association of Realtors that discusses the rise of online lenders and how they are making the process more efficient.  

Please let me know if I can help you out with financing for any of your residential rehab projects.

Thanks,

Eddie Prosser

AssetAvenue.com

http://www.huffingtonpost.com/dean-********/how-about-an-uber-for-rea_b_8105822.html

No.  They have some lower rates but it all depends on the property and leverage.

Thanks for the warm welcome.

Dear BP Friends and Colleagues,

I have over a decade of real estate and have been involved in all facets of the acquisition and development process both in Residential and Multifamily Products.  Currently, I specialize in helping flippers and developers obtain financing for their projects.  Please let me know if there is anything I can do to help you out with your project.

Cheers,

Eddie

213.820.1237

The key is finding the right General Contractor and Architect, who has executed this in the past.  For back of the napkin math, I would budget close to $250/SF and at then end of the day try to back into a number where you are making approximately 20% net margin after selling and financing costs.  From there you should be able to figure out what you can pay.