Max Armand | Resi Rehab @MaxArmand
300+ Flips in SoCal. Courthouse Auction Veteran. Founder of Electric Estates. Aspiring scratch golfer. Los Angeles, CA Joined October 2009-
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Good morning āļøšš»
Happy Friday to all my friends on š. The girls are treating me to a golf weekend in Palm Springs. Lifeās good. āļøšļø
Almost had a heart attack when I opened the door and saw this. And no, I did not lift up the sheet to see if thatās a body under there. What a way to start my birthday!
I spent the last month in LID hell and just put 3 rain barrels on a house TODAY. Now you tell me @CohenSite ?? šš„²
I spent the last month in LID hell and just put 3 rain barrels on a house TODAY. Now you tell me @CohenSite ?? šš„² https://t.co/cL3b5tUAE1
If youāre a golfer in LA, this will resonate. Why we canāt find a tee time at Rancho, Balboa, Los Verdesā¦ Thereās a cartel bot-booking the tee times and brokering them to an underground market. latimes.com/california/stoā¦
My advice for agents in the wake of this NAR commission deal: Get your Brokerās license. Go independent. Take full control of your business and commissions. Donāt leave your fate in the hands of a managing broker that WILL put your deals in jeopardy to secure their split.
This house was ugly. No definitive style, non-existent curb appeal. Worked with @copperhomeco on the exterior design, and my crew executed. Listed today for $949k š South LA (Inglewood adjacent). 3 Bed, 3 Bath, 1575 sqft 6700 sqft lot w/ a Pool
Imagine being such a delusional snowflake that you blame your lack of athleticism and training on getting a shot.
Imagine being such a delusional snowflake that you blame your lack of athleticism and training on getting a shot.
These sconces and handle trims are killer. Will def restore them if I buy the house.
The mayor of Inglewood bought this house in 2018, shortly after I bought mine a block away. This artificial turf was put in right after he bought it. Itās the nicest turf Iāve ever seen. My theory is, he got it done for free by whatever company did the field at SoFi Stadium.
Jackie and Shadow are a pair of bald eagles in Big Bear. Thereās a hi-def camera in their nest that runs a 24-hour livestream on YT. Almost every morning for the last couple years, I put the stream on the TV in my dining room and let it run in the background all day.
A ābillionaireā begging for $5 on š. Sad! š
A resource I use frequently when evaluating a property: Itās a Google MyMap that has been kept updated by a local āwith knowledgeā for the past several years. Color-coordinated and complete with custom icons! Gangs of Los Angeles (2024)
Awesome outdoor decor at this house in El Sereno. Dozens of vintage oil cans and ammo boxes filled with cacti. I bet these would sell for $200-300 a piece at the Venice farmers market š
Dream car. Vibes of the San Junipero episode in Black Mirror season 3 (one of the greatest TV episodes of all-time).
Dream car. Vibes of the San Junipero episode in Black Mirror season 3 (one of the greatest TV episodes of all-time).
Itās truly alarming how bad so many real estate agents are at their jobs.
Iāll let the others on ReTwit have fun with their storage facilities and mobile home parks in Appalachia. Iāll keep it simple and stay long LA.
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122 Followers 242 Following Leveraging our high-end homes expertise to pioneer design-centric affordable housing in LA.So let me get this straightā¦ You think the the government is incompetent and wasteful but somehow it will build a 1,954 mile wall?
Flippers/Project managers are really fireman Things go wrong on every project. Here are 7 real life examples from our business: 1. Overspray (Every house)
@MaxArmand Ha this is something I personally am interested in but itās much more politically fraught than golf courses and mansions in high-value highly-productive locations.
@patefortworth abortion laws will chase away smart women and their families, over the timeframe ur predicting - i have dottrs at top10 usa universities and i know they're not going to TX after graduating - good luck
@MaxArmand Dude idk how their lenders offer 5% while market is 6.5% crazy.
@realestatedude0 And the builders will often offer financing / credit concessions that make these homes even more closely affordable to existing supply
@MaxArmand Sounds like youāre looking for a reason to talk yourself out of it. I would pass purely because of a lack of conviction. Plus, it doesnāt sound like thereās enough juice on it to take the risk.
@MaxArmand I can just tell by that detail that I'm gonna love the rest of this house! I hope you're doing something fun today besides this!
@MaxArmand I just looked right past that to the plaster decoration on the wall š¤£š¤·āāļøHappy birthday dude!
@MaxArmand Ah come on youāve done enough flips to not be surprised by this! Happy birthday man.
@MaxArmand Got it. Sounds like youāre gonna have to get your hands dirty then!
@MaxArmand You can always exercise the option with the tenant in there worst comes to worst. Do you have realistic competition with the squatter in there? If not, then the seller should be motivated
@MaxArmand The eviction is just too risky with all of the tricks the tenant can play. On top of that, you donāt really know how the legal system will see things or ultimately rule. You arenāt set up for a protracted battle and if you win, the prize isnāt all that great after the costs.
@MaxArmand Pass on it.Thereās a reason why the sellerās willing to finance at such a high LTV. Could take you a year+ Sometimes the deals you pass on are the best deals youāll do.
@MaxArmand Purchase an option contract for $50k to buy the property for $750k within the next 12 months Once itās vacant, exercise the option contract
@MaxArmand If the deal isn't a good deal at $850, but it is at $800, then it isn't a good deal, period. Especially when you figure you will easily burn that $50k in expenses and carrying costs for the eviction. The seller isn't just leaving $50k laying for the fun of it. He doesn't wantā¦
@MaxArmand Pay the squatters $10,000 cash to be out by the end of the week.
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