All Forum Posts by: Edgar De La Torre

@Ron B.

What is you target IRR ? What is your hold time preference for a development project? Have you been involved in any deals/ projects?

Thanks for the clarification. 

Hi Irko, nice to meet you as well. I am always looking to meet new connections. I am extremely new to the forum/ posting aspect of BiggerPockets, how exactly do we go about connecting?

Look forward to hearing from you soon.

Best,

Edgar

Hi Ron,

Thanks for the welcome! I have not been involved in a SLS project as of yet, I am interning for a development company over the summer that is trying to tap into the industry. From what I have researched, Culver City and  Northeast LA seems to have the most activity. I do not have much experience in the space so would not be able to answer the last question. What are w.r.t. deals? 

What type of deals/ how much have you researched into the SLS space? If interested, lets look into connecting.

Thank you so much for the welcome Dave! I look forward to seeking out advice or answers to questions I may have that arise.

Best,

Edgar

My name is Edgar De La Torre and I am currently a student at the University of Southern California. I am originally from Orange County, but plan to stay in the Los Angeles market upon graduation, December 2017.

I began my real estate experience in multifamily interning as a commercial real estate broker’s assistant at Marcus & Millichap in the Long Beach office. This is where I learned the brokerage business pipeline; methods of generating leads, creating and preparing proposal packages for investors, coordinating the due diligence process, being exposed to 1031 exchanges, etc.

I am currently interning at a real estate development company which specializes in modern design, new construction residential small-lot subdivisions in the Greater Los Angeles area. In this position I have been learning about the entitlement process of a development project, project management, as well as seeking projects to acquire that fit the business model.

I have been expressing much interest in the acquisition side of the business. I have become very intrigued with the underwriting of an asset from a development and value-add point of view. My exit strategy from this internship is to position myself as a candidate for a commercial real estate analyst or acquisitions analyst position. My mid-term goal is to partner with business professionals, peers, and alumni for investing in real estate and obtain a Master’s degree. And my long-term goal is to become an investor / syndicator / and own my own firm.

I heard about BiggerPockets from my current boss. He suggested I listen to the podcasts on my downtime / drive to and from work. That was about two or three months ago, and have now made the transition to become involved with the forums, posts, meetups, and such. BiggerPockets has been key for a great deal of my knowledge, thoughts, and motivations.

I drive down to Fountain Valley, Orange County area every now and then, and am very active with meeting USC alumni and business professionals here in the Downtown Los Angeles / West Los Angeles areas.

I would be interested in meeting and or speaking with any individuals who would like to share about themselves, feel they have been in my shoes at some point in their career, feel they are in a current situation such as mine, have current goals that align with mine, or just want to meet and create relationships that will last long-term in this game we all love called real estate.

I hope this has given a good detail about myself and look forward to hearing from all of you soon!

Thanks,

Edgar