Hi All. I am brand new here. I have located a house in the Watts area of Los Angeles. It's boarded up and tax delinquent and the owner is unresponsive to the city. I would never consider owning a rental in this neighborhood but before trying to find the owner what are your thoughts on flipping a property like this?
Assuming there is no hazardous waste etc, after an inspection, is it feasible to do a wholesale flip in this area or is it just too bad to even consider? If feasible, how can I find recent cash buyers in this area to flip to if I am able to put it under contract? Thank you
Hey Jed... cash buyer in Watts here. So I guess I just answered your question on how to find a cash buyer haha. There is definitely money to be made in these types of markets in LA county. In fact, some of the hottest markets we are seeing right now are in the more entry level areas.
Sounds like your biggest challenge is going to be contacting the owner and getting him to sell it to you. But if you tie it up at a good price, you should have no problem at all finding a flipper to buy it off of you.
I'd buy in Watts. The numbers are right I'd buy anywhere :)
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