Friday, September 18, 2020

SCI - The Acquisition Experts

A resident of Beverly Hills, California and businessman, Ali Shekarchian, has extensive experience in real estate development. For a season, Ali Shekarchian was president of Southern California Investors (SCI), a firm with expertise in renovating distressed properties for investment.

One of SCI’s strengths is its team of agents that specializes in finding and acquiring properties for development and investment. The company has years of experience in using the trustee sale auction markets to purchase foreclosed properties, trustee sales, short sales, and direct acquisitions of real estate-owned assets. Some of its more recent projects include the Temecula Office Center, Gateway Business Park, Zevo Drive Industrial Center, and Pasadena Industrial Park.

Because of the nature of the sale, trustee sales have to be done quickly, which can make some buyers uncomfortable or unable to purchase. However, SCI’s quick and complex proprietary system can quickly identify, track, underwrite, and acquire properties at significant discounts.

This software tracks multiple properties throughout the day and performs reviews that accomplish a few activities. Some of the information that the company provides clients includes multiple automated valuation models estimates, title checks, aerial statistics, rehab and transition costs, and full property valuation.

Other services the company provides involves an agent visiting the site to perform a field review to score factors related to the property resale value. The company only makes purchases where they have complete market knowledge of the property.

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