All Forum Posts by: Patrick Parry

Yes I would stick with SFR in areas without HOA. Stay away from Aliso Viejo and Irvine. I would say make sure the list is of homes built prior to 1980.

It is just less likely you will find the needle so to say. Condos and Townhomes are managed by HOA so the exteriors are always going to be kept in good shape. In Orange County where prices are so high you cannot really add square footage except by extending a loft or something to that matter. Where on an SFR there are more possibilities. So then you have more angles to present to would be investor buyers. Also, condos and townhomes have almost identical characteristics so if a model match just sold for 500k. It could be very hard to justify a low ball offer. Your best chances are older areas where homes get in disrepair and other homes have had extensive remodels.

It really depends on what exactly you are looking for.  Besides a good deal obviously.  Everyone wants that.  If you are marketing to potential short sales.  Most likely your only angle nowadays in Orange County.  Then it could work. 

How are you marketing?  That could help provide a better answer.  Orange County will be difficult.      

Yearly Expenses are just about 30k and this is self managed.  PM your email and I can send you the pro forma and pictures 

I am not the owner this came to me through my Realtor network. This is not on the MLS and I am not the listing agent.

The Seller is looking for a CASH Buyer, but will consider a Buyer getting a loan with NO Loan & NO Appraisal contingencies.

$10K+ in Pre-Paid Rents & Deposits to Buyer at Close of Escrow

No work is needed and home is good shape. Taxes are just under 1.1% no HOA.

2 Blocks from Disneyland in Anaheim. 

DISNEYLAND VACATION RENTAL$775,000

Includes All Furniture, Appliances, Furnishings & Supplies

1,785 sq ft | Lot: 8,712 sq ft | 3+ Bonus Bed, 2.5 Bath

Sleeps 11 | 64% Occupancy | $389/Night
2014 Actual Net Income = $74K
Cap Rate = 9.5%

Pro Forma Net Income = $78K
Cap Rate = 10%

Future Reservations on Calendar = $21K

@Jason Hartman

Is one of the principles 

@Jason Hartman

 is one of the principles 

An Investment group just closed on the sale of an apartment complex and needs another property to 1031 exchange into. Do you have or know of anything they can purchase that fits the following?

- Property types: apartment complex, mobile home park or self-storage. Mobile home parks must have city sewers and water.

- Min cap 7.5% with opportunity to add value and increase cap rate

- One or two properties that would total $7.5 million to $12 million

- We have about $3,700,000 cash and would leverage anywhere from around 45% to 70%.

Must identify the new properties in 34 days!

PM me if and I will make the connection.

@Horatio Graham

 is this still available?  PM Me if so or if you have anything like this 

An Investment group just closed on the sale of an apartment complex and needs another property to 1031 exchange into. Do you have or know of anything we can purchase that fits the following?

- Property types: apartment complex, mobile home park or self-storage. Mobile home parks must have city sewers and water.

- Min cap 7.5% with opportunity to add value and increase cap rate

- One or two properties that would total $7.5 million to $12 million

- We have about $3,700,000 cash and would leverage anywhere from around 45% to 70%.

Must identify the new properties in 37 days!

PM me if and I will make the connection.