About Best Coast Developers
The Best Coast Developers team is dedicated to helping clients invest wisely to maximize the value of their real estate portfolio. We guide investors in the Greater Los Angeles Area through the process of creating & selling TIC (Tenants-in-Common) communities, Single Family house flips and, of course, personal residence purchases and sales.
What we do
TIC Conversions
- Find the appropriate property to develop as a TIC
- Convert multi-unit rental building apartments into for-sale TIC units
- Recommend financing options and tax planning advisors
- Conduct due diligence and review inspection reports
- Analyze neighborhood demographics and buyer demand
- Negotiate the purchase and navigate to closing
- Establish TIC project budget & timeline
- Connect with contractors, architects, and designers
- Choose fixtures and finishes that meet current buyer demand
- Manage punch lists for interior and exterior renovation
- Produce construction estimates
- Monitor construction progress with frequent on-site meetings
- Secure proper insurance coverage
- Negotiate tenant buy outs – manage gaining possession of occupied units
- Manage the change of use from a single building to individual TIC units
- Direct thorough renovation and/or addition of units
- Collaborates with attorneys to create the TIC agreement
- Write a budget and set-up the HOA
- Market the for-sale individual TIC units (as undivided interests in the building)
Single Family Home Restorations
- Identify homes with significant value-add potential
- Conduct due diligence and analyze inspections results
- Analyze neighborhood demographics and current buyer demand
- Negotiate the purchase and navigate to closing
- Initiate a renovation plan to maximize future value
- Add square footage when possible to maximize profit
- Create a staged home to garner ultimate exposure and buyer interest
Acquisition and Sales
- Schedule and attend all Inspections
- Analyze comparable sales for unit pricing
- Prepare Units for sale – design & staging
- Create top-notch marketing
- Market your property to the public
- Field offers & ratify contracts
- Negotiate with buyers
- Open Escrow – meet all transaction deadlines as per contract
- Manage transaction & documentation through close of escrow
What is your plan for higher profits?
During this tumultuous year, have your multi-family investment profits flat-lined? Are you looking for a creative way to ramp up returns? If you’re like most landlords, you know that even in the best of times, the rental business is a conservative way to achieve steady, stable returns. With many buildings producing low cap rates, and strict rent control regulations, perhaps it’s time for a fresh approach to managing your portfolio. If you’re not achieving the returns you want, let us show you a new way to significantly increase profits from your asset by transforming your rental apartments into for-sale units.
In every market the right product will sell at a good price. With excessive demand from middle-income and Millennial first-time home buyers, classic Los Angeles apartments are a unique and popular choice for many. Charming, historic homes tend to overperform many other property styles and the supply is limited, making them hot properties in any market.
As your real estate advisors, we can help you re-purpose your building into a “tenants in common” (TIC) or Condo structure, adding immense value to your asset. My team will create a seamless transition and guide you effortlessly toward higher profits. Whether you’re looking for a long- term plan to improve profitability, or a shorter window to cash out of your current asset, call me to discuss creating a winning strategy for your bottom line. My team of experts has the knowledge and experience to effectively transition your building into a new class of real estate.
Single Family Home Restorations
In 2020, faced with new realities, some landlords are changing direction and diversifying their portfolios to include single-family homes. Demand has increased for single family homes and larger apartments to accommodate owners who are, more often, working from home. The single-family market has been strong despite the recent market turbulence because there is still a housing shortage in major urban markets.
While house flipping has long been popular with investors, high home prices in the past two years has slowed the market for flips. The key to profitable house flipping is finding the right property that still has significant value-add upside. Our team understands the market and we recognize which homes possess the potential via restoration and increasing square footage to provide significant returns. Best Coast Developers is here to help you improve your portfolio and increase your wealth.