Acquisition Manager (LA)

True Legacy Homes•Inglewood, CA

8d•Hybrid

About The Position

The Acquisition Manager plays a critical role in identifying and acquiring residential properties throughout key Southern California markets for renovation and resale. The role requires a true hunter mindset — someone who excels at uncovering and securing off-market opportunities in addition to analyzing MLS listings. While MLS remains a lead source, success in this role is driven by the ability to consistently source and convert off-market deals through proactive outreach, networking, relationship building, and creative sourcing strategies. The ideal candidate will possess strong real estate market knowledge and established familiarity with the following territories: San Fernando Valley, Conejo Valley, and San Gabriel Valley with a particular focus on Tier A residential properties in the $2M to $3.5M price range. This includes an understanding of neighborhood dynamics, micro-markets, pricing trends, luxury housing inventory, and the expectations of affluent buyers and sellers within these highly competitive markets. This position involves direct interaction with homeowners and families, many of whom are navigating sensitive life transitions such as downsizing, probate, or care placement. The Acquisition Manager must combine strong sales and negotiation abilities with empathy, professionalism, discretion, and trust-building skills. All offers are submitted to the Investment Committee (IC) for final approval. Performance is results-driven and measured by quarterly acquisition goals, quality of opportunities sourced, and successful deal conversion — particularly from off-market channels. All candidates must be licensed to practice real estate in the State of California and demonstrate experience in residential property acquisitions or real estate investment.

Requirements

Active California real estate license in good standing, with no history of disciplinary action, suspension, revocation, or disbarment in California or any other state within the United States.
Minimum of 1-3 years of experience in real estate acquisitions, with a proven track record of successful acquisitions for house flipping.
Strong financial analytic skills.
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, with the ability to build and maintain relationships with key stakeholders.
Must be able to communicate with and relate to a diverse staff and clients in a courteous and professional manner.
Familiarity with renovation and construction processes.
Excellent attention to detail and organizational skills.
Must possess a high level of integrity and autonomy.
Excellent interpersonal and customer service skills.
Excellent verbal and written communication skills.
Highly proficient in Microsoft Office Suite with an emphasis on Excel, and other work-related software.
Proficiency in CRM software such as Knack and Salesforce.
Ability to function well in a high-paced and at times stressful environment.
Must have a valid Driver’s License (Class C).

Nice To Haves

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.

Responsibilities

Execute a comprehensive acquisition strategy focused on both MLS and off-market sourcing, aligned with quarterly goals established 30 days prior to each quarter.
Proactively source off-market residential investment opportunities through direct outreach, agent relationships, wholesalers, estate sale referrals, probate leads, networking, and other creative deal-finding methods.
Demonstrate expert-level knowledge of San Fernando Valley, Conejo Valley, and San Gabriel Valley neighborhoods, including pricing trends, buyer demand, renovation viability, and micro-market nuances.
Identify and analyze MLS opportunities while prioritizing value-add and below-market acquisitions.
Enter potential acquisitions into Hot Sheets and track opportunities in the CRM.
Underwrite acquisition opportunities using Excel, including margin analysis and risk assessment.
Collaborate with Project Management and Design teams to develop scopes of work, budgets, and timelines.
Conduct detailed market research and comparable analyses to determine ARV and profitability.
Stay informed on local market conditions, zoning considerations, neighborhood shifts, and economic indicators specific to the region.
Perform acquisition due diligence including inspections, title review, property records research, and valuation analysis.
Negotiate purchase prices and contract terms directly with sellers, agents, and wholesalers to secure optimal deals.
Prepare and submit purchase contracts using ZipForms and create complete offer packages for sellers and agents.
Oversee transactions through closing and ensure smooth handoff to construction and renovation teams.
Identify wholesale exit opportunities when appropriate.
Build and maintain strong relationships with real estate agents, brokers, wholesalers, attorneys, and industry professionals to generate a steady pipeline of off-market deals.
Attend real estate meetups, investor events, agent forums, and networking functions.
Track acquisition performance metrics and provide regular updates during weekly department meetings.
Other appropriate duties as assigned.