All Forum Posts by: Pandu Chimata

Looking for contractor to renovate a townhome/condo in Santa Monica city. Please send me private message if you are the one that works in that area and also has time in the month of January and February to take up the project, if we are aligned. 

I currently own two SFR properties in CA. I also do flips and just sold on flip in July. Now I am in escrow for another potential flip. I am planning to do more buy and hold, but in little medium to large scale. I can bring in investors.

Hello team, In escrow on a fire damaged property in LA area. Looking for a contractor who has experience in restoring fire damaged property. Some part of the property is completely damaged while the rest is still in tact. Can use the existing foundation per city, restoring it back to 3 bed , 2 bath , 1650+ sq foot. Please message if any one is interested to bid for it. 

Additionally, if any one is attending today's meet up in Anaheim, hosted by David Green, please let me know, we can talk in person as well. 

 Great question. I am in the similar boat and planning to expand to other areas to scale up. 

Team, Sorry for the late response. Considering this seems to be an costly effort, I did not pursue this deal.

Hello team, I am in the process of exploring a potential investment for a potential flip. The property I plan to purchase has two parcels.

One parcel, 0.18 Acres, has an address assigned to it. A SFR was built in 1947 and required renovation.

The 2nd parcel, which is right next to it, is an vacant land, no address associated to it.

My initial thoughts are:

1.Purchase this property and rent the house after minimum required updates 

2. Build mobile home on the vacant lot 

I understand the cost involved for rehab the existing house.  I don't have any idea what it will cost roughly to make the other lot as a living space - right from assigning address, brining in utilities,  plans for the mobile home (3 bed and 2 bath) install, etc. I know this city allows mobile homes installation with permanent foundation. 

This is in riverside county, in CA. Any wild idea that how much it will cost to make the vacant lot to a living space?  

Thank you Dan for sharing your experience. 

Thank you Bob. 

Good thing, this is not my first flip. This is my 7th purchase and 5th flip. I just put one property on escrow which was also in a very bad shape - strong smell with cat urine and I had to replace all drywall and existing flooring.

As I am waiting for my escrow to be closed, this came into my attention. At this time, I am researching. 

Submitted a request to get a fire report and also sent a request to city for all the citations they have on this house. I may or may not buy the property but I believe the information I gather will help to increase my awareness/knowledge.