Ivan Davila
Elk Grove, CA (USA)
Role(s):
Founder/Owner/Principal
NorCal Asset Preservation
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Startup
Location:
Elk Grove
Industry:
Real Estate
Year Founded:
2006
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
My partner and I began 6 years ago, in the building and selling of spec homes. These were financed through hard money lenders. We discontinued this line of work in 2008 because of the declining real estate market and shifted our focus into the business of property preservation, working for various banks. We are now, again interested in purchasing small fixer uppers in the Sacramento area. We are limiting our purchases to properties being offered at no more than 75k. We are only purchasing properties which are way under market value as we have access to the foreclosed properties before the public due to the nature of our business. We will select properties with minor rehab necessary and resell the properties still at a price under market value to remain competitive. If we find that we are able to rent these more profitably, then we would go that route instead.