All Forum Posts by: Account Closed

@Richard Ayvazyan, I'll help.  Are you looking for feedback on the site as well?

Thanks @Joe Homs, I appreciate the referral!  I'll let you know how it goes.

Hi all,

I'm looking to find an Orange County, California based Self Directed IRA specialist to partner with. Somebody that can help in assisting folks transition funds from their existing investment vehicles, into an SDIRA for REI purposes.

Please refer your favorite representative!  Thanks in advance.

@Natalie Vega!  Thank you so much for sharing your insights and your story!  It definitely helps to keep things in perspective.  Best wishes to you and yours!

@Richard Ayvazyan Do you have the capital and the time to rehab the properties?  And, is the intention to sell the properties for fair market value immediately upon completion of the rehab?

I would approach this on a case-by-case basis and measure equity in the property, rehab scope including timeline and costs, and potential net profit after resale. This would include having a robust understanding of the ARV and the costs/fees associated with the sale. If you've done the homework, and the numbers work, then I'd consider JV'ing with him for a 50/50 or other agreed upon profit share after resale.

That's what my approach would be, I hope this helps and good luck!  Let me know how it goes!

@Graham McBain Those are awesome numbers!  I wish you continued success.

@Manolo D. We're a small shop and typically conduct 20-40 fix and flip projects per year, all at various stages of rehab and each coming with their own set of potential issues.  We make offers and acquire new properties weekly, and we're team building so our numbers could go up in the 3rd and 4th Quarters of 2016.  We have our own PMs that we certify with training but we will have a need for more as the workload grows.  It's all about the relationship, and trust.  Over time we expect to partner with great contractors (and teach them how to invest if they want) so we're looking for Quality, as opposed to Quantity.

If this is you, contact me directly and we'll set up a time to meet.

@Kaylyn Dart

Several military investors on here that began investing while on Active Duty.  Thank you for your service and for doing "the hard job."

Welcome to Bigger Pockets.  If you ever make your way back to CA, look me up and we'll help with the transition.  Colorado is beautiful though so I don't blame you for going there when you get out.  Take care.

Interviewing contractors now for Los Angeles based fix and flip projects in 2016. 

Project Management experience is preferred but not required.  We seek ethical contractors that produce quality results and can work within budget and schedule timelines. 

Message me for more details and have a great day! 

Regards, 

Rudy

@Bryan Hoffman, Welcome to BP!  There are several folks on here that can help/point you in the right direction.  I've specialized in the fix and flip arena, primarily in Los Angeles County and I've been looking forward to reaching out to the surrounding counties in 2016.  Perhaps we can help each other out as you get started in investing.  I have some meetups planned in Orange County, that may be a bit of a drive for you but I'll invite you so that you can stay posted as to what topics we're discussing.

Also, I believe @Jim Keller has resources for meetups in the Riverside/San Bernardino County areas, but verify with Jim when you get the chance!  Take care and keep us posted.  I look forward to connecting with you.