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The property we are going to acquire in La Canada Flintridge has incredible potential. It is a fairly large home at 2833 sqft on a 18,915 sqft lot, but we are more excited about what the property will become once our team has transformed it. This home is going to be an absolute masterpiece when we are finished. In collaboration with our architect/interior designer, we know exactly what is needed in order to integrate luxury amenities and a modern aesthetic into the design of any property, while taking care to create a functional, attractive living space.
Reach out and asks me for our presentation as it will give you more insight into the overall concept of what this property will ultimately become. We will be re-imagining the entire home, adding a 1200~1500 sqft expansion, establishing over 4000 sqft of living space in all. Our intention is to create a luxury compound feel with a large privacy wall, also adding a high-end, modern pool with a large deck. All of this should bring the resale value up to between $2,800,000 – $3,000,000.
The property is going to be a 3500 square foot masterpiece, cape cod style home with a gorgeous pool. There are 20-30+ comparable sales where many other developers have done this exact same thing and we are going to literally follow their blueprint the entire way.
We are looking for an investor or multiple investors to do a Joint Venture (JV) with us and provide the $500,000 in GAP financing for this great flip opportunity in La Canada Flintridge, CA. The group is buying the property at $1,425,000 (with the assignment fee already factored in). This is far below the all in asking price that the bank wanted at $1,567,000. The group will be doing all renovations and additions to the home for a projected total of $400,000.
Purchase price + Construction Costs + holding costs + Closing costs + RE commission = $2,155,000
Projected resale = $2,800,000 based on 20+ comps
Net profit = $640,000
The group is looking to walk away with about $645,000 profit on this project at the conservative $2,800,000 resale. The investor(s) will receive a 40% Joint Venture (JV) split of this profit margin.
RETURN ON INVESTMENT:
The investor(s) will be receiving 40% of the profit from the sale of the project. This would equate to approximately $258,000 paid out in the projected 9 month time frame. That is a 51.6% return on your investment (ROI). Please be assured we will have marketing in place, aiming to have this property pre-sold before we complete construction. We will be embarking on a robust marketing campaign, both grassroots as well as online, in order to have the listing sold and transferred the day we close. Our goal is to never let it see the open market. This return far outstrips any traditional investment strategy.
This return far outstrips any traditional investment strategies or other lending practices you may make.
Your investment will be securitized by a Joint Venture agreement, and shares of the holding entity LLC (that will own the property) and Promissory NOTE, so you are well protected.
search words: foreclosure, fixer upper, fix and flip, flip, financing, hard money, private money, tlc, handyman special, teardown, shovel ready, contractor special, auction, cosmetic rehab, rehab, rehab property, These opportunities are usually located in los angeles, orange county, southern California, palm springs, huntington beach, CA. This is not traditional financing or hard money or private money. Many lenders who provide hard money financing or private money financing are not gap investors, so we are looking for true private individuals who are looking for solid ROI (return on investment) investments by being part of new property acquisitions on properties that are for sale. These opportunities are primarily for single family residences that are fixer uppers, fix and flips, need TLC and are hangman specials. So please call us if you are interested in gap, or jv, or being involved in a joint venture capacity on this amazing house flip opportunity in the amazing neighborhood of Studio City in Los Angeles California.