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All Forum Posts by: Rob Terpilowski

Rob Terpilowski has started 27 posts and replied 96 times.

Post: More potential deals than capital. Looking for equity partners

Rob TerpilowskiPosted
  • Investor
  • Seattle, WA
  • Posts 108
  • Votes 43

@Michael Jiang  will be sending you a PM shortly.

Hi @Joseph Duren,

welcome to BP, this has been a great place to connect with other members in the area.  

I'm an investor in the area looking for off market deals, I'll send you a PM with my contact info.

Thanks,

-Rob

Post: More potential deals than capital. Looking for equity partners

Rob TerpilowskiPosted
  • Investor
  • Seattle, WA
  • Posts 108
  • Votes 43

Hi @Adrian Chu,

These two particular deals are gone, but I usually see 2-4 off market deals a month that are worth looking at closer.  I'll keep you in mind if I find something that I'm not able to take on myself.

Thanks,

-Rob

Post: More potential deals than capital. Looking for equity partners

Rob TerpilowskiPosted
  • Investor
  • Seattle, WA
  • Posts 108
  • Votes 43

Hi @Dain Hungelmann,  I just sent you a PM.

Post: More potential deals than capital. Looking for equity partners

Rob TerpilowskiPosted
  • Investor
  • Seattle, WA
  • Posts 108
  • Votes 43

@Louis Chan sounds good, look forward to hearing from you.

@Ruth Bayang I'm open to establishing relationships and collaborating with other investors, so if you have some other ideas please feel free to PM me.

Post: More potential deals than capital. Looking for equity partners

Rob TerpilowskiPosted
  • Investor
  • Seattle, WA
  • Posts 108
  • Votes 43

I have two projects currently underway in Tacoma, Washington that have another 6-8 weeks to go before completion, however I have a couple of potential deals I've come across that I hate to pass up, and I want to explore bringing an equity partner on board to provide funding for the cash requirements of the projects; ie the down payment/wholesale fees, holding costs, etc. in exchange for a 50/50 split of the profits.

What I can contribute is, access to the deal, management of the project, a rock star GC with a team of subs (that we want to keep busy on projects so we don't lose them), a rock star RE Agent, as well as access to a few hard money funding options in the area.

As I mentioned I'd like to keep the subs going on projects, so I'd rather take down the deals than wholesale them.

I'm focusing on investments in the Seattle / Tacoma area, primarily in south King and Pierce counties.

A very high level summary of the initial estimates for the current opportunities

Tacoma, WA - SFH
Ask: $125k
Rehab: $55k
ARV: $240k

Renton, WA - SFH

Ask: $325k
Rehab: $150k
ARV: $650k

My Current Projects that are underway

Tacoma, WA - Duplex
Paid: $115k
Rehab: $125k
ARV: $315k

Tacoma, WA - 2 Adjacent Duplexes
Paid: $340k
Rehab: $70k
ARV: $550k

I'll be working on putting together more detailed pro forma numbers as we get a better picture of the rehab work.

Please PM me with any questions.

Thanks,

-Rob

Post: Looking to Build List of Buyers for Wholesale Finds

Rob TerpilowskiPosted
  • Investor
  • Seattle, WA
  • Posts 108
  • Votes 43

@Taylor Herman  just sent you a PM.

Post: Looking to Build List of Buyers for Wholesale Finds

Rob TerpilowskiPosted
  • Investor
  • Seattle, WA
  • Posts 108
  • Votes 43

Hi @Taylor Herman. I'm an investor focused on King and Pierce counties, doing both fix and flips and BRRRs for both SFH and Multifamily. Could you add me to your list?

My email is [email protected]

Thanks,

-Rob

Post: Office Manager / Bookeeper for Real Estate Investment Firm

Rob TerpilowskiPosted
  • Investor
  • Seattle, WA
  • Posts 108
  • Votes 43

A colleague of mine who runs a small real estate investment firm in the Seattle area specializing in fix-and-flips has an open position to manage the day-to-day operations of the business.  He is looking for a self starter who is eager to gain more experience in the real estate business and will be able to pick up tasks and run with them with little supervision.  Required duties would include:

  • Bookkeeping
  • Office Management
  • Researching Comps
  • Producing Per Forma reports for potential deals
  • Run the marketing campaign for locating and acquiring off market properties.
  • Real Estate license required or must be in the process of acquiring your license.

If you are interested please email your resume to me at [email protected] with "Office Manager" in the subject line and I will pass it along.

Post: Greenwood Seattle Teardown 6350sf lot

Rob TerpilowskiPosted
  • Investor
  • Seattle, WA
  • Posts 108
  • Votes 43

Marius, is the seller open to seller financing?