All Forum Posts by: Jon Brown

Originally posted by @Elijah Brown:

@Preston Davie We spent on average $10k/unit for a total of $60k in renovation costs. Those renovations increased the appraised value of the property from $340k to $530k. The simple project ROI was 217% unlevered; however, we did use a bridge loan, so the actual levered ROI on that project was much higher. Considering that we have not sold yet, I cannot report an IRR or an equity multiple. However, in terms of cash flow, we bring in $5,640 per month in income and our total initial capital outlay was only $112.5k.

@Elijah Brown So are you getting ~50%/year return Cash on Cash? 

Wondering if anyone has any current advice on this topic. Ty!

@Kevin Moules This is awesome! So inspiring. Thanks for sharing. Can’t wait to hear more.

I am working with a very talented designer with 30 years experience in home design and build. We're interested in buy/hold and flips in the Los Angeles area. We have access to money but are not sure on what areas to be looking at.

With $250-$500k cash, do you have any suggestions or guidance on where to look for deals? If not in Los Angeles, any other hot (or upcoming) markets? 

We are obviously new to real estate investing so any suggestions would be greatly appreciated. 

Thank you, Bigger Pockets! 

Jon

Hi, I'm new to Bigger Pockets (well just beginning to get involved) and although I've searched the forums for lending institutions for Hard Money or Private Lending, I wasn't able to find any specific, current info. My partner and I are identifying single family, residential flip opportunities in the Los Angeles area (mostly in the $1.5-$2M) range and looking for Private or HM Lenders. Does anyone have any specific referrals? Any additional guidance, suggestions or advice regarding obtaining financing for these types of projects is most welcome. Thank you all for your willingness to help!! Jon Brown

Hi, I came across your post and would love to discuss the possibility of working together. My partner and I are identifying deals in Los Angeles (mostly in the $1.5-$2M) range and looking for Private or HM Lenders. I look forward to hearing from you! Best Regards, Jon Brown

Thank you everyone! Really new to REI and this was the perfect balance of enthusiasm and humility. Looking forward to gaining some experience and being able to provide a valuable opinion that might help and excite others the way you all have done for me today. Thank you!!!