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    Acquisition Manager - San Diego, CA, United States - True Legacy Homes

    True Legacy Homes
    True Legacy Homes San Diego, CA, United States

    3 weeks ago

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    Description
    True Legacy Homes purchases, renovates, and resells high-end single-family homes in some of the best neighborhoods across Southern California. We focus on flipping houses in amenity-rich neighborhoods with exciting dining and entertainment options.

    Our homes utilize open floor plans, simple color palettes, a modern touch, and clean lines to create a timeless living experience.

    The Acquisition Manager's primary responsibility is to identify and acquire residential properties for the company to renovate and resell.

    The Acquisition Manager will be responsible for evaluating potential properties, negotiating purchase prices, and overseeing the acquisition process from start to finish.

    Acquisition Managers are required to have a strong background in real estate, excellent negotiation skills, and a proven track record.


    Status:
    Full-Time/Salaried/Exempt

    Execute a comprehensive real estate acquisition strategy with a focus on securing a minimum of 4.5 acquisitions per quarter.

    Identify potential acquisition opportunities for residential properties in target markets suitable for flipping using MLS and other internal and external data sources.

    Enters potentially serious acquisition specifications into Hot Sheets.
    Underwrite acquisition opportunities using Excel.
    Work with Project Management and Design teams to create scope of work, budget and schedule for potential acquisitions.
    Conduct thorough market analysis and data research to determine the feasibility and profitability of potential acquisitions. Create comp analysis to determine After Renovation
    Stay informed about market trends, economic conditions, and emerging opportunities to identify potential acquisition targets. Conduct thorough market research and analysis to support decision making.

    Perform due diligence, this includes participating in inspections, appraisals, title searches, and property record research to assess the condition of the property and ensure a smooth acquisition process.

    Negotiate purchase prices and contract terms with property owners and agents to ensure optimal terms for flipping.

    Creates purchase contracts within defined parameters, using ZipForms, and creates an email package for seller agents, which includes a breakdown of the offer, corporate information, contract, and proof of funds.

    Create and maintain relationships with real estate agents, brokers, and other industry professionals to source new acquisition opportunities and obtain knowledge of comparable properties.

    Attends real estate forums and agent meetups.

    Develop and maintain an inventory of acquisition opportunities and track performance metrics within Knack, for each project to evaluate the success of the flipping process.

    California real estate license in good standing.
    Bachelor's degree in real estate, business, finance, or related field.

    Minimum of 1-3 years of experience in real estate acquisitions, with a proven track record of successful acquisitions for house flipping.

    Strong financial analytic skills.
    Strong negotiation skills and experience in contract negotiation.
    Knowledge of real estate laws, regulations, and best practices.
    Ability to work independently and manage multiple projects simultaneously.
    Must be able to communicate with and relate to diverse staff and clients courteously and professionally.
    Highly proficient in Microsoft Office Suite with an emphasis on Excel, and other work-related software.
    Must have a valid driver's license (Class C).
    Master's Degree in real estate, business, finance, or related field.

    Visual Requirements:
    Able to see and read computer screens, small electronic devices, and maps.

    Hearing Requirement:
    Able to detect specific noises for proper equipment operation.
    Employer sponsored medical benefits
    ~ Paid holidays
    ~ Cell phone reimbursement
    ~ Mileage reimbursement
    ~ All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status
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