All Forum Posts by: Luke Marron

@Gen SteMarie @Ray Lai thanks for the advice. I was starting to realize that mail will probably end up being the best  method available for me at this point and good to hear that you guys think is still reasonable for my purposes. May consider auctions too although I dont love the additional risks taht come with them

Hello BP

I would like to get opinions on how to best approach finding rehab projects for my desired volume of investing in particular. I am only wanting to acquire and rehab about 4-8 deals a year at this point in the LA county area. Given this relatively low amount of deals would it be unwise or inefficient to utilize direct mail marketing campaigns as its my understanding in order achieve success w this method you need to commit to multiple mailings over a long period time and is more geared for higher volume business? I have done mailings in the past with pretty poor response rates. I analyze deal after deal from wholesalers and the margins just seem too small to nonexistent. I guess this may just be the nature of teh current competitive market but appreciate any thoughts.

Thanks @Chris Seveney. Good to find as many helpful tools out there to use

Im seeking advice from experienced investors buying at auctions (LA in partiucular) as to what type and to what extent they do due diligence on their target properties. Obviously title search needs to be done to discover any and all liens, do you do this yourself using some sort of online service or software or are you running title on each property through title company? How common do you see title issues missed? How throughly do you physically inspect properties that you arent able to gain access to the interior? Do you still go by and do a walk around even if there still may be occupants in the property? How much risk are you willing to take on a purchase considering many unknowns could exist due to not having full access to a property?

Anything else in addition that you can add is much appreciated! Thanks

Hello 

I am seeking general advice from any experienced rehabbers (LA rehabbers preferably) that are willing to share their cold-hard truths or suggestions to someone currently in search of rehab opportunities in and around LA county (orange county too).

I am in a pretty fortunate position regarding access to financial capital and am able to jump on deals, up to fairly substantial price. I am grateful for this benefit as I know this is a major hurdle for many. I have lived in Los Angeles for over a decade now and have loosely be involved w RE off and on over that time but have always maintained a pulse on the market so am fairly familiar with the different areas and also the challenges that exist here namely the extreme competition finding deals and the substantial capital required.

I have rental properties and will continue on that path further as well but have always been intrigued by the idea of taking a junker and giving it new life along with the local economic benefits doing so can provide. Obviously making money is nice too.

I have real estate experience but not construction experience. My main question is what are your suggestions to someone that has minimal construction knowledge (and experience with contractors) but does have capital to comfortably invest that wants to rehab houses. I am looking in the $600-850K purchase range for houses that I could add value to with sq/ft additions in the $150-200k rehab cost range. Id shoot for ARVs around 1.2 million +. Sorry for the very broad question but am hoping for feedback anywhere along the spectrum on factors I should consider. Thanks!