All Forum Posts by: Victor Ong

I like it. Their app keeps track of the process right in front of your finger tips. Right now we have an in house agent whom we work with on acquisition to streamline the process.

Investment Info:

Condo fix & flip investment.

Purchase price: $325,000
Cash invested: $35,000
Sale price: $625,000

Remodeled a 2B/2B in downtown Los Angeles

What made you interested in investing in this type of deal?

Prime location and buying it for primary residence. Able to exit without triggering capital gain tax

How did you find this deal and how did you negotiate it?

Through friends and family

How did you finance this deal?

Stated Income

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $470,000
Cash invested: $120,000

Rehab for Airbnb

What made you interested in investing in this type of deal?

Airbnb potential

How did you find this deal and how did you negotiate it?

Redfin

How did you finance this deal?

Conventional mortgage

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $675,000
Cash invested: $300,000

Add 2 more units

What made you interested in investing in this type of deal?

Attractive in place rent and developable lan d

How did you find this deal and how did you negotiate it?

Redfin

How did you finance this deal?

Cash

Investment Info:

Large multi-family (5+ units) other investment.

Purchase price: $470,000
Cash invested: $2,500,000

Complete ground up development 5 unit townhome

What made you interested in investing in this type of deal?

Proximity to Art District Los Angeles

How did you find this deal and how did you negotiate it?

Redfin

How did you finance this deal?

Raised capital

How did you add value to the deal?

Ground Up

Investment Info:

Large multi-family (5+ units) other investment.

Purchase price: $532,500
Cash invested: $550,000

Complete gut out and rehab existing 4plex, and add 1 more unit

What made you interested in investing in this type of deal?

In place cashflow able to sustain mortgage with development opportunities

How did you find this deal and how did you negotiate it?

Redfin

How did you finance this deal?

HUD 203K Mortgage

How did you add value to the deal?

Complete gut existing structure down to the studs and rehab everything. Add 1 more unit next to the parking.

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $470,000
Cash invested: $300,000

Convert SFR into SFR/ADU

What made you interested in investing in this type of deal?

3min driving into Downtown Los Angeles

How did you find this deal and how did you negotiate it?

Found it on Redfin

How did you finance this deal?

Hardmoney and refi into conventional.

How did you add value to the deal?

Use own capital

if you are looking for cap rate, please dont look at Los Angeles. There will always be higher cap rate in other cities and out of states. The city is mainly for value add, development, and/or long term hold.

Use discounted cash-flow model to run 2 scenarios then you could compare the net present value for both. The one that yields higher will be your answer.