Finding Deals
I am trying to come up with a strategy to build my REI portfolio. I reside in Los Angeles and the prices truly are for the rich and the famous, or so it seems. Doing local deals, it seems that flipping would work best in the greater LA area then use the money earned in order to purchase multi-unit properties in higher CAP areas.
From those of you that have flipped in the Greater Los Angeles Area, where did you start? What did you find to be most successful finding the right property to flip? Furthermore, has anyone flipped in Southern California and used the profit to invest in a cash flowing property in other areas?