All Forum Posts by: Raj Pat

Watching the markets very carefully these days esp California SF Bay Area market........ 

Has anybody researched when all these private equity companies will be free to release the homes they purchased from 2009 to 2015? Majority of the PE's that purchased large tapes had clauses that required them not to release the assets purchased for resale. I believe the time frame was 3-5 years. We've also spoke to a RE PE fund here in SF California which mentioned they were not profitable on the rental side of the business and are very excited to start selling 1000 homes they purchased in the entire state of California. Would like to hear your guys input or insight around this topic. We're at all time highs and have passed 2006 prices! I get everyone saying this market is different because people have CASH but majority of the down payments of single handed investors or regular buyers are using STOCK money to use towards their down payments. 1st If the stock market has a correction 2nd if the PE's start releasing inventory to flood the markets and if the feds increase the interest rate (Which they will) We're certain there will be a 10% to 15% decline. For those of us who're in the rental business might be safe as you're more so on the CASH FLOW game but those of us who're building new construction and doing fix N flips have to VERY CAREFUL. Give us your insight BP!!

DM me more details or call me in the morning. Thanks 

JUST READ THIS:

http://www.rt.com/op-edge/312576-september-economy...

Seems like every few weeks or months something of this sort is set to hit the PR but for some reason I feel as if this may have some substance behind it. What's your guys thoughts esp in markets like California, NY and FL?

Hello BP Family, 

My associate and I will be in Las Vegas next week from July 13th to 17th, staying on the strip. I wanted to reach out to some of BP's Rock Stars who have access to inventory on distressed assets in SFR, Multi Family or commercial. We've been researching the market but would like to connect with honest and knowledgeable professionals. Interested in previewing assets for fix N flip/rentals. Nothing in the slums, areas that will allow us to sell the properties with no stress. We're not looking for turn key properties, need major upside in equity and cash-flow. Looking forward to connecting.

PROPERTY IS IN ESCROW WILL BE CLOSING JUNE 26TH FRIDAY

Hello BP Family, 

We have a project which we're closing on next week and looking for a money partner. Mainly interested in a seasoned investor/money partner to join us. The property is located in a very affluent area of the East-Bay 20mins shy of San Francisco CA. We have two exit strategies:

1) Renovate the existing home plus in-law unit and resale ($150k + Net Profit) Turn around time 3-4 months 

2) Add a 2nd story, renovating both the existing home and in-law unit  ($350k + Profit) Turn around time 6 to 8 months 

Both options are lucrative of course the 2nd exit being much higher as you can see. Purchase price is $653k plus closing cost. We're avoiding HARD-MONEY on this deal and thought it would be a great idea to build a relationship with a new partner. Prospective partner to bring in 85% of the purchase price. Our fund will bring in the remaining 15%+ renovation proceeds and any other holding cost. The split would be 40/60, everything is ready to go and we will be closing escrow in 10 business days as of today. Please DM us if you're interested for further details. Just thought I'd quickly put this together and see who's interested. Hope all is well and take care. 

I had this property posted before but it's finally back on the market as we had minor issues with removing the tenant. Property will be sold to an investor group free N clear. Please DM leave me your phone number and we will be having a previewing open house during the week.

Here is another deal for you savvy investors/flippers/landlords

We have a property for wholesale in North San Jose California. The property is off market and is located in a HOT area of SAN JOSE unincorporated area of San Jose so this property is within the County!)

Purchase Price: $490k

Rehab: $90k to $105k

Resale Value: $675k to $725k+

Property Details:

Living Area: 1467sq feet

Lot Size: 7900sq feet

2 Bedroom ( Suggest to make it a 3bedroom within the Sq Footage)

1 Bathrooms

We own the property but have our hands full with other projects hence why we're reselling this to another investor group.

PLEASE READ BELOW BEFORE REPLYING:

Note: Property must be sold CASH, hard money is okay. We have escrow open, seller is paying for title and transfer tax.... Property is subject to no contingencies and is SOLD AS IS. There is very limited showings for this property and we must close by May 14th... A $20,000 NON REFUNDABLE EMD must be in escrow once into contract. There will be no reduction period. Looking for a seasoned investor/flipper. Buyer pays all fee's to escrow and transfer tax. Buyer must be able to close escrow within 7 days. Additional info available upon request. No dizzy chains and or leanthy whole-sellers.

Thank you

BTW: Please do not respond to this email insulting the deal. The last time we posted a deal in Livermore another bp member decided to go on an rant about the deal and the funny part is we had that deal closed within the same week! We're all here to help one another out. If a deal does not work for one it should be perfect for another. Thank you

Here is another deal for you savvy investors/landlors

We have a property for wholesale in Berkeley CA. The property is off market and is located in a great area of Berkeley California and two miles away from UCB.

Purchase Price: $1mm

Property Details:

Living Area: 2500q feet

Lot Size: 3500sq feet

UNIT MIX: 

1) 3 BEDROOM 2 BATH RENTS $3850 

2) 2 BEDROOM 1 BATH RENTS: $2750 

TOTAL RENT ROLL $6600

PLEASE READ BELOW BEFORE REPLYING:

Note: Property must be sold CASH, hard money is okay. We have escrow open, seller is paying for title and transfer tax.... Property is subject to no contingencies and is SOLD AS IS. There is very limited showings for this property and we must close by END OF MONTH... A $20,000 NON REFUNDABLE EMD must be in escrow once into contract. There will be no reduction period. Looking for a seasoned investor/flipper. Buyer pays all fee's to escrow and transfer tax. Buyer must be able to close escrow within 7 days. Additional info available upon request. No dizzy chains and or lengthy whole-sellers.

Thank you

BTW: Please do not respond to this email insulting the deal. The last time we posted a deal in Livermore another bp member decided to go on an rant about the deal and the funny part is we had that deal closed within the same week! We're all here to help one another out. If a deal does not work for one it should be perfect for another. Thank you.

SORRY TYPEO IT'S "NORTH SAN JOSE"

Hello BP Family,

Here is another deal for you savvy investors/flippers/landlords

We have a property for wholesale in North San Jose California. The property is off market and is located in a HOT area of Oakland.(unincorporated area of San Jose so this property is within the County!) 

Purchase Price: $455k

Rehab: $90k to $105k 

Resale Value: $675k to $725k+

Property Details:

Living Area: 1467sq feet

Lot Size: 7900sq feet

2 Bedroom ( Suggest to make it a 3bedroom within the Sq Footage) 

1 Bathrooms

We currently are in processing of purchasing the property but have our hands full with other projects hence why we're reselling this to another investor group.

PLEASE READ BELOW BEFORE REPLYING:

Note: Property must be sold CASH, hard money is okay. We have escrow open, seller is paying for title and transfer tax.... Property is subject to no contingencies and is SOLD AS IS. There is very limited showings for this property and we must close by May 14th... A $20,000 NON REFUNDABLE EMD must be in escrow once into contract. There will be no reduction period. Looking for a seasoned investor/flipper. Buyer pays all fee's to escrow and transfer tax. Buyer must be able to close escrow within 7 days. Additional info available upon request. No dizzy chains and or leanthy whole-sellers.

Thank you

BTW: Please do not respond to this email insulting the deal. The last time we posted a deal in Livermore another bp member decided to go on an rant about the deal and the funny part is we had that deal closed within the same week! We're all here to help one another out. If a deal does not work for one it should be perfect for another. Thank you.