WHAT HAVE WE DONE LATELY?
We aren't the biggest operation in town, but we make sure that the growth of our company doesn't compromise our attention to detail. We purchased 23 properties in 2023 and, moving forward, will be committing to purchase two distressed properties a month. We try our hardest to think outside the box to help clients meet their needs & goals. For example, if a seller is in the need of getting paid and needs additional time to stay in the home to relocate, we can work that!
VENTURE CAPITAL OPPORTUNITIES
We have many venture capital partners and are always looking to build new relations. Some based on "in-and-out" projects, where we purchase a distressed home to renovate and sell over a 3-6 month period. Others are on a long hold position, where we purchase a home and hold the property as an annual or seasonal rental for annual profits and future capital gain sales.
GENERAL
CONTRACTING EXPERTISE
We have our own in-house construction crews that understand "builder grade" is where we always start first. Construction costs can be very expensive, which in turn drives up the cost of the end product. We strive for low material cost upgrades that are relevant to modern living and always ask 'What can we do better on the next project?'. In doing this, we have transitioned our builder grade work to custom; chair rails, shadow boxes, tray ceilings, recess lighting, accent wall painting, kitchen islands with granite, vanity mirrors with built-in lighting, patios/decks with corner headers for outside string lighting and much more.
GUARANTEED QUICK & EASY BUYING COMMITMENT
Most of the clients that reach out to us are in stressful situations for what ever reason, either from a loss of a family income or the inheritance of a property from a relative. What ever the case, we want to come up with the solutions to immediately resolve that stress. We are never concerned about the negotiation of price because we are always very generous on that end of the transaction, but to help with all the other daunting tasks that come along with a move is really where we excel. That's why we start with “You just take what you want, go pick up your check and be on your way to the dreams of your future!” We have the man power to deal with the clean out and demo that comes along next with the property.
THE REAL TRUTH ABOUT FLIPPING A HOME
OKAY, here is the TRUE skinny and not what you see on those get-rich-quick "Flip This House" shows on the weekends. On average our renovation costs are $60-70,000 and other costs are $25-30,000 on closing costs, agent commissions and other carry costs. We look to give our capital investors no less than 20% profit on a project, which is another $40,000. From here, it is very easy to determine what offer we will make on a home. First, what are the high market sales in the area, and we reduce that by the above ($125,000) and that will be our offer to you!
SNAKES IN THE GRASS
It is very important to understand how the "wholesale" market works. There are real estate agents that heavily solicit to "Buy your home for Cash" (which really makes no sense to me because who really cares if it is cash or a bank check anyway?). These agents have absolutely no intention or the means to ever buy your home. I call them "snakes in the grass" because all they do is get you to a "low ball" offer to sell and then bring them to a real estate wholesale buyer, like Lone Pine, to execute the purchase. Unfortunately, they end up taking a cut of your potential profit, on average of $20,0000 a transaction, and that is where WE come in. You can completely avoid this unnecessary loss and get your maximum return-on-investment with Lone Pine Properties!