Call Us! 866-980-1455
BUYING CRITERIA: LOS ANGELES MARKET
- Distressed OFF MARKET (pocket listings) properties/distressed situation
- Open to ANY location within 1 hour driving distance from Los Angeles. No war zones!
- $3,000,000 or lower
- We pay $4,000 to the agent additionally for each off market property we close together on top of you representing Mum City Homes, LLC.
- Light cosmetic - full gut rehab
- 3+ Bed | 1+ Bath | 1,000+ sqft | Built after 1910
- Single Family Homes ONLY!
Fix & Flip Properties
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Properties should be valued at 65% - 72% of the ARV (After Repaired Value) for cosmetic to basic rehab for the property.
- We comp like for like properties that have been completely remodeled, then calculate 65% - 72% of that value to get our offer price.
- ARV percentage can vary, i.e. $1,000,000+ percentage may start at 75%.
- If there are no comps within a half mile radius, not a deal for us.
- MUST have investor presence in the area.
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We will need the following information about the property:
- What is the overall condition of the property?
- Age/Condition of the Roof?
- Age/Condition of the HVAC
- Any foundation issues?
- Any major issues of the property that need to fixed?
- Photos will need to be taken inside & outside the house.
- NO deals from wholesalers. We network with hundreds of wholesalers & more than likely we’ve already seen it.
- We get a lot of deals sent to us, more than we can handle, so we wholesale a lot of the deals brought to us to other investors. Our bonus compensation is the same to agents.
Buy & Hold Properties (Rentals)
We Buy Properties Several Ways
We are experienced real estate investors in United State, and specialize in off-market properties.
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