Neighbor wants to sell
Have a neighbor who's selling, and heard that I was interested in real estate investing. Here in L.A., there's no way to get the deal to work out as a rental or a flip without a huge price concession -- something they're not likely to accept. Property needs some minor work -- probably about 5-10K. It comps out at about 410k. It's a detached condo.
Is there an opportunity to add value for my neighbors and make some money? Was thinking about wholesaling it, but I've never tried that before.