All Forum Posts by: Kemi Shokunbi

Hi Everyone- Kemi again! I am looking for an equity partner on a potential deal - see more details below. Let me know if you are interested - I believe this has great potential!

• East Bay (San Francisco Bay Area / Northern California)
• Probate listing; loan is paid off - potential for seller financing through rehab
• Going in offer: $407,500
• Rehab / financing estimate: $175,000 - 200,000 (includes down payment, monthly payments up to 6 months, rehab budget)
• ARV: $669,000+ (based on recent comp sales; median home value in zip $768,524)
• Favorable equity partner split (can be passive partner; negotiable)

Figures above based on preliminary rehab estimations and duration of rehab (aiming to hold for no more than 6 months, less depending on confirmed rehab).

Great thanks Scott! Would love to get 15 mins to chat for proper intros soon if you don't mind. I'll follow up separately. Talk soon.

Good Morning Everyone! Taking the time to introduce myself to the Bigger Pockets community: My name is Kemi - I am a Bay Area based emerging real estate investor via my company 90Juls. We started ideation and due diligence last year for a 10-15 unit multifamily acquisition: building strong relationships with architects, engineers, fellow developers, and the likes across the land use space.

FOR PHASE 1: as we research the right large multifamily opportunity, we are looking into conducting some single family rehabs in the short term.

ASK: if you are interested in entering a JV on a deal in the Bay Area / neighboring areas (e.g. Sacramento), please reach out! I've already identified a few exciting deals in Alameda County (potential ~$100,000 profit margin) and am looking for a great partner to go in with, learn, grow, and exit PROFITABLY with! I also come with a partner via my company with a wealth of experience in construction and development. Obviously these can go quickly - reach out for more details.