Residential Buying Criteria for Southern CA: Los Angeles, Orange County and Inland Empire

/Residential Buying Criteria for Southern CA: Los Angeles, Orange County and Inland Empire
Residential Buying Criteria for Southern CA: Los Angeles, Orange County and Inland Empire 2017-03-14T23:59:57+00:00
  1. Crappy houses in desirable neighborhoods with good school districts!!!
    1. A few favorites: Huntington Beach, Costa Mesa, Fountain Valley, Anaheim, Orange, Santa Ana, Tustin, Long Beach, Torrance, Redondo, Westminster, Culver City, Mar Vista etc.
  2. Purchase Price = $300k-$800k (we prefer houses that are 2/3 of the median price point…not luxury, high-risk projects)
  3. Single family houses, duplexes, quads / fourplexes
  4. Location = Near freeway corridors I-10, I-5, 405.  From Santa Monica to Riverside and Pasadena to Laguna Beach (We like areas in high demand where our projects will sell fast – nothing rural)
  5. Condition = fixers! We want to turn Crappy to Happy.  We’re okay to do a quick close on a nicer property, but LOVE houses built after 1960 with good bones that are begging to be remodeled.
  6. Profit Goal = 15% cash on cash returns on purchase price + improvements.  Nearly every deal we do is at least $45k profit (after ALL expenses: broker commission, cost of money, insurance, closing fees etc.)
  7. *Ninja Tip*  We constantly monitor the MLS for day 1 fixer listings…but 95% of these deals turn into bidding wars with razor thin margins – no thank you.  The majority of our great deals come from savvy brokers via less competitive channels, for example: expiring listings, old/forgotten listings, mislabeled sq/ft, buyer couldn’t perform, houses ideal for additions, and existing relationship with owner (to name a few)

If you have a lead, or deal that you’d like us to review please give us a call at the office: 888-991-1070 email [email protected].

Sell My House Fast Orange County and Los Angeles

Recent project in Tustin, CA. We Buy Houses in Greater Orange County and Los Angeles

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