Acquisition Manager Jobs

Acquisition Manager (SD)

SAN DIEGO, CA

Apply for this positionBack to JobsTrue 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, modern touch, and clean lines to create a timeless living experience. We are well-financed and expanding from San Diego and Orange County to southern Los Angeles.

Job Summary:

The Acquisition Manager’s primary responsibility is to identify and acquire residential properties for the company’s real estate portfolio. 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.

Salary:$64,480 -$69,900 annually + commission potential.

*Eligible for commission and profit sharing based on pre-determined acquisition goals.

Duties and Responsibilities:

• Enters potentially serious acquisition specifications into Hot Sheets.
• Create and maintain relationships with real estate agents, brokers, and other industry professionals to source new acquisition opportunities and obtain knowledge of comparable properties.
• Follows up with agents to make sure the offer has been received.
• Creates purchase contracts within defined parameters, using ZipForms and creates an email package for seller agents, which includes a break-down of the offer, corporate information, contract, and proof of funds.
• Participates in weekly department meetings and provides updates to all stakeholders, as needed.
• 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.
• Negotiate purchase prices and contract terms with property owners and agents to ensure optimal terms for flipping.
• Conduct thorough market analysis and data research to determine the feasibility and profitability of potential acquisitions. Compiles the After Repair Value (ARV), to determine potential margin.
• Other appropriate duties as assigned.
• Perform due diligence, this includes participating in inspections, appraisals, and title searches, to assess the condition of the property and ensure a smooth acquisition process.
• Identify potential acquisition opportunities for residential properties in target markets suitable for flipping using MLS and other internal and external data sources.
• Looks for wholesale buyers, when appropriate.
• Oversee the closing process and ensure a smooth transition to the renovation and construction team.
• Attends real estate forums and agent meetups.

Required Education and Experience:

• Strong financial analytic skills.
• Exceptional communication and interpersonal skills, with the ability to build and maintain relationships with key stakeholders.
• Ability to work independently and manage multiple projects simultaneously.
• Excellent interpersonal and customer service skills.
• Must be able to communicate with and relate to a diverse staff and clients in a courteous and professional manner.
• Strong understanding of the underwriting process (ProForma).
• Minimum of 3-5 years of experience in real estate acquisitions, with a proven track record of successful acquisitions for house flipping.
• Strong negotiation skills and experience in contract negotiation.
• Excellent analytical and problem-solving skills.
• Familiarity with renovation and construction processes.
• Knowledge of real estate laws, regulations, and best practices.
• Must have a valid Driver’s License (Class C).
• California real estate license in good standing.
• Bachelor’s degree in real estate, business, finance, or related field.
• Must possess a high level of integrity and autonomy.
• Ability to function well in a high-paced and at times stressful environment.
• Excellent attention to detail and organizational skills.
• Excellent verbal and written communication skills.
• Highly proficient in Microsoft Office Suite, and other work-related software.

Preferred Education and Experience:

• Master’s Degree in real estate, business, finance, or related field.
• Proven and measurable experience in renovation and constructions processes, including commonly used terms and transactional knowledge.

Physical Requirements:

• Must be able to lift, push, pull up to 15 pounds.
• The nature of the position requires prolonged periods of sitting.
• Visual Requirements: Able to see and read computer screens, small electronic devices, and maps.
• Bending and Stooping: Bending body downward and forward by bending spine at waist.
• Hearing Requirement: Able to detect specific noises for proper equipment operation.
• May on occasion require prolonged periods of walking or standing.
• Mobility Requirement: Ability to get from one location to another.
• Climbing: Ascending or descending ladders or stairs using feet and legs and/or hands and arms. Body agility is emphasized.
• Kneeling: Bending legs at knees to come to rest on one or both knees.
• Repetitive Motion: Substantial movements of the wrists, hands, fingers, and/or upper body for sustained periods of time, including using extremities to drag, push, pull or grasp.
• Ability to pass a pre-employment physical.

Benefits:

• Employer sponsored medical benefits
• 401(k) employer match of 2%
• Paid time off
• Paid holidays
• Modern management style
• Growing company
• Commission and profit sharing program eligible
• 401(k)

EEO Statement

True Legacy Homes provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.