Ivan Avila is Chief Operating Oﬃcer of West Coast Property Part- ners and has generated 8 figures in transactions, spoken to audienc- es of more than 2500 and conducted many property tours. For more information, visit www.westcoastpropertypartners.com.
WHAT MAKES YOUR FIRM DIFFERENT FROM OTHERS?
We are a family team and we don’t really run into that many real family teams of investors. We are serious about building our busi- ness with real estate, marketing and branding coaching for ourselves and our team. That makes us able to acquire more deals because we market and strategize better than our competition.
WHAT WAS YOUR FIRST EXPERIENCE IN REAL ESTATE INVESTING?
It all started with ﬂipping our ﬁrst house in Burbank. We did not know anything going in, it was a nightmare at times and was a great learning experience for us.
WHAT IS THE GREATEST PROBLEM FACING THE LOCAL HOUSING MARKET?
From an investor standpoint, the biggest challenge is coming into
a market that’s really over-saturated in terms of competition. There are lots of well-funded ﬁrms bidding and they don’t care if they overbid. From a builder standpoint there is a lot of the stress for us because it is hard to ﬁnd a good working crew that is truly trustworthy.
WHAT IS THE IMPACT ON PERMITTING AND CON- STRUCTION?
It is hard dealing with City because current construction is caus- ing a back-up in permitting so you had better plan for that extra time. I think anything the Cities can do that can speed along the process would be helpful including programs speciﬁcally de- signed to expedite permitting.
WHAT IS THE BIGGEST CHALLENGE FACING REAL ES- TATE INVESTORS?
The biggest challenge was that when you look at it on paper, ﬂip- ping homes seems simple and the process seems simple. What surprised us is the amount of work it takes and the strength of character it takes. We’ve been through a lot and we have failed forward. You really have to have strong character to succeed in this business.