Acquisition Manager (OC)

$66,560 - $103,500/Yr

True Legacy Homes - Irvine, CA

Full-time - Mid Level

Irvine, CA

About the position

The Acquisition Manager at True Legacy Homes is responsible for executing a comprehensive real estate acquisition strategy focused on securing residential properties suitable for flipping. This role involves identifying potential acquisition opportunities, conducting market analysis, negotiating purchase prices, and overseeing the acquisition process to ensure a smooth transition to renovation and construction teams. The position requires strong analytical skills, negotiation expertise, and the ability to build relationships with industry professionals.

Responsibilities

• Execute a comprehensive real estate acquisition strategy with a focus on securing a minimum of 5 acquisitions per quarter.
• Identify potential acquisition opportunities for residential properties in target markets suitable for flipping using MLS and other data sources.
• 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 Value (ARV).
• Stay informed about market trends and emerging opportunities to identify potential acquisition targets.
• Perform due diligence, including inspections, appraisals, and title searches.
• Negotiate purchase prices and contract terms with property owners and agents.
• Create and maintain relationships with real estate agents, brokers, and other industry professionals to source new acquisition opportunities.
• Develop and maintain an inventory of acquisition opportunities and track performance metrics.
• Participate in weekly department meetings and provide updates to stakeholders.

Requirements

• 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.
• Strong understanding of the underwriting process (ProForma).
• Strong negotiation skills and experience in contract negotiation.
• Knowledge of real estate laws, regulations, and best practices.
• Excellent analytical and problem-solving skills.
• Ability to work independently and manage multiple projects simultaneously.
• Exceptional communication and interpersonal skills.
• Familiarity with renovation and construction processes.
• Excellent attention to detail and organizational skills.
• Must possess a high level of integrity and autonomy.

Nice-to-haves

• Master's degree in real estate, business, finance, or related field.
• Proven and measurable experience in renovation and construction processes.

Benefits

• Mileage reimbursement
• Paid holidays
• Health insurance
• Paid time off
• Cell phone reimbursement
• 401(k) matching
• Bonus potential
• Employer sponsored medical benefits
• Growing company
• Modern management style