Need Advice! Found House in Watts area of Los Angeles

2 Replies

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. 

-Bill

I'd buy in Watts. The numbers are right I'd buy anywhere :)

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Join the Largest Real Estate Investing Community

Basic membership is free, forever.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.