The Ledger
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Gagner: Northern California flips consistently sell after two weekends
“Typically we're putting houses on the market and running two weekends of open houses and accepting offers that second weekend. And, They consistently sell in almost all cases in that kind of timeframe.”
Gagner Toomey sells $2M to $4M in components monthly
“Yeah, we saw about anywhere from two to four million dollars in components a month.”
Gagner Toomey earns 2% to 5% commission margins
“So our margins are somewhere in the range of anywhere from two to five percent.”
Gagner: California hard money loan rates range from 8% to 10%
“Well, in California, it's become really competitive, so the rates have come way down, but in general, I would say the interest rates are about in the range of eight to 10% here.
In the hard money, in hard money.
Yeah, that's what I'm saying, for hard money, ei…”