Acquisition Manager (SD)

$66,560 - $103,500/Yr

True Legacy Homes - San Diego, CA

Full-time - Mid Level

San Diego, CA

About the position

True Legacy Homes is seeking a highly skilled and motivated Acquisition Manager to join our dynamic team in San Diego, CA. The primary responsibility of this role is to identify and acquire residential properties for renovation and resale, contributing to the company's expanding real estate portfolio. The Acquisition Manager will execute a comprehensive acquisition strategy, conduct market analysis, negotiate purchase terms, and oversee the acquisition process to ensure successful property flips.

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.
• 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, with a proven track record of successful acquisitions for house flipping.
• 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.
• Highly proficient in Microsoft Office Suite, especially Excel.

Nice-to-haves

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

Benefits

• 401(k) matching
• Cell phone reimbursement
• Health insurance
• Mileage reimbursement
• Opportunities for advancement
• Paid holidays
• Paid time off