All Forum Posts by: Patricio Acosta

I would like to do fix-and-flip loans in the SFR in San Diego. For now I feel comfortable in that market and I know many flippers that could be clients. Typically the loans are for less than a year and they require speed for the flipper to be able to offer a quick close.

Selling the note is interesting. Someone would have to accept a lower return for the note for it to be profitable for me. Who could I sell it to and what rate do they demand on those notes?

I finally found the perfect flip in Coronado, San Diego—the agent hasn’t received any offers, the listing price is reasonable, and the home has huge potential. It’s one of those rare deals that just feels right. I was ready to submit an offer, but I called my GC first, and he strongly advised against flipping in Coronado due to the strict permit requirements. I reached out to another GC, and he said the same.

The project itself isn’t complex, but I planned to redo the wiring, plumbing, and remove some walls. Normally, I don’t pull permits because it takes too long for the numbers to work, but I’ve heard enforcement in Coronado is especially strict.

Has anyone dealt with this before? Is it worth moving forward?

I'm interested in entering the hard money lending business. As a flipper in San Diego CA, I've loaned my own money to fellow flippers at approximately 2 points and a 12% interest rate. I unintentionally became a hard money lender and realized it offers good returns with collateral that’s relatively easy to sell if needed. Entering this business makes sense for me because I know many fellow flippers and I know how to value homes and projects. 

This experience has motivated me to expand into hard money lending, but I don’t have enough capital to scale. I'm curious—where do most hard money lenders source their funding? Is it primarily from private investors, family and friends, or larger funds that lend to hard money lenders?

I’d love to explore the possibility of partnering with a fund or securing a credit line to expand my reach and find more clients.

Question for experienced flippers: Where do you find your deals?

I'm a new flipper based in San Diego, CA. I started last year and have completed three successful projects with 30% returns before tax within 3-6 months. I'm motivated to go all-in on flipping and currently source all my deals from the MLS and Zillow, focusing on properties in the $1.5M - $2M range. However, after a couple of months of searching, I haven't found anything promising recently. This makes me wonder—where do you find your best deals?

I've heard some people rely heavily on the MLS, while others use wholesalers, pocket listings, etc. What's been your experience with these different channels? Does the effectiveness of each vary by location? Any insights specific to California or San Diego?

Hello Evan, 

thank you for the advice. I completely agree that this is a numbers game, and I plan to treat off-market listings like any other—buying only if the numbers make sense. 

Do most of your projects come from the MLS? Are they typically stale listings, as you mentioned, or new ones that you move quickly to secure?

 Interesting, why do you think San Diego is this way in particular? 

Hello, I’m a beginner flipper based in San Diego, CA. I’ve completed a couple of successful flips, but I’m not finding as many deals as I’d like. So far, I’ve found all my deals on Zillow, but now I’m looking to expand into wholesale and pocket listings.

A wholesale or pocket listing sounds great because fewer people see the property, which means less competition when trying to close the deal. I'm curious about why a seller would choose not to list their property on the MLS and Zillow—wouldn't they get more exposure that way?

Also, what’s the best way to find wholesalers or pocket listings? Is there a marketplace for these types of deals, or do I need to focus on building local connections? Any advice for finding these opportunities in San Diego would be greatly appreciated.

Hello!
I am starting to invest large sums of my net worth into real estate (SFR, or single family homes) in a city in California. I am investing for the long run, looking for safety and long term appreciation. This got me thinking about the economics and history of real estate prices in general, more specifically:

1. What drives the values of properties in the long run in certain cities and why?
2. What are some cautionary tales of large price declines in certain some cities and how to avoid that?
3. What metrics are used evaluate if a SFR considered overvalued and undervalued by historical standards?
4. And, most importantly, what books do you recommend that can answer the questions above and talk about related subjects.

Hello! I am new to the game but I am also based in San Diego. 

I recently partnered up with a good friend of mine to flip houses. He is a real estate agent and together we have had 3 successful flips. I've been mostly and silent investor and he does the entire deal, but I am trying to get more involved. 

If you have some good deals to flip houses in San Diego let me know! 

Thank you for your post.