All Forum Posts by: Alex C.

If this is such an amazing investment opportunity why do you have to post this long of an advertisement and post it so many times? The numbers seem inflated as well. This is very spammy.. @Steve S.

This sort of thing happen to my friend doing a flip in the Winnetka neighborhood. They did the same thing right before he was going to finish the flip. Professional, and amateur squatters, or drug addicts, is what most of them are. I doubt someone would make that kind of statement if they just got "scammed". Seek a solid lawyer, hopefully it doesn't cost more than $700-$1000 to get them out in 90 days.

However be aware these types of people usually file motions and to continue to exploit legal loop holes, in order to stay in the property longer, so take no prisoners. 

My buddy called some of his friends and let's just say they talked to the squatters and convinced them to move out quick and it worked. But that's not always going to happen.  @Craig Tomlinson 

@Louis Ramos I sent you an email with more details. Let me know if you have any questions. 

@Jillian Klinvex Once we identify a potential deal, we use airdna.co to review comps and look at reviews and type of people booking in that area among other things. It's very helpful but I use it more once I've got a deal to potentially work on. 

@Account Closed Oh got it. Yes we've used Payfully a couple of times. Haven't heard of Lendio yet. I'll look into what they offer. Thanks so much. 

@Jillian Klinvex Thanks for you response. We consider multiple factors such as location, relationship with owners/management, price, and neighbors. We use airdna.co along with our own experience. We were early adopters, as I starting use Airbnb back in 2010 to travel. 

@Heath Wiggins Thank you for the suggestion. Have looked into them and were offered 10k however their terms for repayment were unsatisfactory. 

My partner and I have been investing in short term rentals, for 3 years and, now have 14 properties we operate full time in the Los Angeles market. Through trial and error and putting in the work we have developed systems and strategies to grow this business with no outside investment. We've hit a ceiling and would like to scale up because we see the demand is insatiable in the LA area. We are adding a unit or two monthly by reinvesting our profits but still have more deals being presented to us because of our branding and track record. 

Any suggestions how to secure additional capital in order to grow our portfolio even more? We are looking for about 25k - 50k. We don't own any of the units but have arrangements with owners/property managers which allow us to operate by sharing part of the revenue. We are consistently generating 150% annual ROI and have done over 1000 transactions on the Airbnb platform. Any feedback would be appreciated.

@Aleejandro Dela Vega Not impossible but competition is fierce out here. Just bought a small SFR (700 sq ft) 2+1 in Canoga Park for 310k. Anything under 400k seems to be a deal in The Valley. Good luck.

Offering a fix n flip off market deal in Van Nuys/Lake Balboa. 

ARV 685k-700k

Rehab 80K-100K

PP 535K 

Tough bedroom configuration but desirable neighborhood. No car garage but carport and plenty off street parking. 

DM questions and details