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All Forum Posts by: Erik Alvarez

Erik Alvarez has started 3 posts and replied 9 times.

Post: How to Negotiate +$1,000,000 Dollar Properties in LA County?

Erik AlvarezPosted
  • Wholesaler
  • Cali LA
  • Posts 10
  • Votes 2
Quote from @Jeremy Lai:

Hey Erik, not sure how others do it, but I can break down how I do it. I am currently an Acquisitions manager for a flipping company that focus on purchasing between 900k-1.7m. I always use an excel calculator that factors in ARV, rehab costs, roi, transaction fees and profit. I have noticed that different areas of LA have different ROI's. Hope this helps and let me know if you have something you are selling off.


How did you get ahold of that excel calculator and how do you calculate areas in LA with different ROI's?

Post: How to Negotiate +$1,000,000 Dollar Properties in LA County?

Erik AlvarezPosted
  • Wholesaler
  • Cali LA
  • Posts 10
  • Votes 2

I've been gathering a lot of information that investors typically pay 70%, 80%, 85% for properties here in Los Angeles County. But in my opinion, that is still outrageous.

How do we negotiate high end properties here in Socal or is better if I just virtual wholesale in a different area? Or should I just target probate, liens, and pre-foreclosure leads?

 The reason why I want to wholesale in LA county is because everything will be local and more convenient for me. I got some cash buyers and escrow companies lined up already.

Go to nationalreia[dot]org/find 

Type your city or zip code and there you can find a bunch of meetups

Post: Hello, New to investing

Erik AlvarezPosted
  • Wholesaler
  • Cali LA
  • Posts 10
  • Votes 2
Quote from @Lashay James:

Hello, 
Quick question is the 70% rule used in LA county?

 70% percent on a median house in LA seems a lot in my opinion. I asked about this 2 weeks ago too and I guess every investor want's a 30% discount. I was hoping for 25%-20%.

Post: Any Wholesale Friendly Title/Escrow companies in Southern Cali?

Erik AlvarezPosted
  • Wholesaler
  • Cali LA
  • Posts 10
  • Votes 2

Just what I was looking for. 

Post: What are investors typically paying for house properties in Socal

Erik AlvarezPosted
  • Wholesaler
  • Cali LA
  • Posts 10
  • Votes 2

What are investors/cash buyers typically paying for house properties in Los Angeles County? 85%? 80%?

What are investors/cash buyers typically paying for house properties in Los Angeles County? 85%? 80%?

Post: San Fernando Valley Meetup

Erik AlvarezPosted
  • Wholesaler
  • Cali LA
  • Posts 10
  • Votes 2

Wow I live super close, I might show up this Thursday.